Cora Gold has announced that Mali’s government will partially lift a moratorium on mining permits starting March 15, 2025. This change facilitates the advancement of Cora’s Sanankoro Gold Project, potentially benefiting Mali’s economic growth and revitalizing the mining sector. Despite a year-to-date price performance of 26.53%, the company’s consensus rating is currently a sell.
Cora Gold Limited announced that Mali’s government has partially lifted a moratorium on mining permits, effective from March 15, 2025. This development is viewed positively as it enables Cora to advance its permitting process for the Sanankoro Gold Project, potentially accelerating its development and supporting Mali’s economic growth.
Cora Gold is a West African gold developer with interests in Mali and Senegal, primarily focused on the Sanankoro Gold Project located in the Yanfolila Gold Belt, southern Mali. The company plans to establish an open-pit oxide mine and has shown strong economic viability as per its 2022 Definitive Feasibility Study.
As of now, Cora Gold’s year-to-date price performance stands at 26.53%, with an average trading volume of 368,842 shares. Despite these figures, the technical sentiment consensus rating for the company is currently a sell, with a market capitalization of £14.02 million.
The partial lifting of Mali’s mining moratorium presents a significant opportunity for Cora Gold, facilitating the progression of its Sanankoro Gold Project. This development could potentially contribute to the overall growth of Mali’s mining sector and economic landscape, although market sentiments remain cautious with a consensus rating of sell. Cora Gold is poised to leverage this regulatory change to enhance its project timeline and capitalize on the growing gold market.
Original Source: www.tipranks.com
