Wishbone Gold (GB:WSBN) has released an update.
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Wishbone Gold PLC confronts a challenging first half of 2024 amid high inflation and potential interest rate hikes, although the rise in gold prices offers a glimmer of hope. The company has received government grants for exploration projects in Western Australia and has undertaken financing activities, including a £360,000 placement led by Tavira Financial Limited, to bolster its cash reserves for ongoing exploration. Despite the loss of non-executive director Alan Gravett, Wishbone Gold remains focused on creating shareholder value through its Australian exploration initiatives.
For further insights into GB:WSBN stock, check out TipRanks’ Stock Analysis page.
