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Xanadu Mines Ltd ( (AU:XAM) ) has issued an announcement.
Zijin Mining Group Co., Ltd, along with its affiliates, has increased its shareholding in Xanadu Mines Ltd. The change in substantial holding, effective January 8, 2025, reflects Zijin’s growing stake in the company, with recent purchases conducted through a Share Subscription Agreement. This move indicates Zijin’s strategic interest in Xanadu’s operations and potential influence over its future direction.
More about Xanadu Mines Ltd
Xanadu Mines Ltd is involved in the mining industry, focusing primarily on the exploration and development of minerals. It operates in the resources sector, emphasizing the acquisition and development of mineral projects.
YTD Price Performance: 0.0%
Average Trading Volume: 185,863
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $56.32M
Learn more about XAM stock on TipRanks’ Stock Analysis page.