Cora Gold Limited announced the partial lifting of Mali’s mining moratorium, effective March 15, 2025. This development supports the progress of its Sanankoro Gold Project, contributing to the economic growth in Mali and the revitalization of the mining sector. Cora Gold has shown a 26.53% price increase year-to-date, but the current consensus rating suggests a “Sell.”
Cora Gold Limited has announced a significant development regarding the mining sector in Mali. The Government of Mali has partially lifted its moratorium on mining permits, effective from March 15, 2025. This decision is viewed positively, as it allows Cora Gold to advance the permitting process for its Sanankoro Gold Project, ultimately aiding Mali’s economic growth and revitalizing the mining industry.
Cora Gold Limited operates as a gold developer in West Africa, particularly focusing on its Sanankoro Gold Project located in the Yanfolila Gold Belt in southern Mali. The company intends to create an open-pit oxide mine and has demonstrated solid economic fundamentals, as evidenced by its 2022 Definitive Feasibility Study.
Year-to-date, Cora Gold’s price performance reflects a growth of 26.53%, with an average trading volume of 368,842 shares. Despite these positive developments, the technical sentiment consensus rating currently stands at “Sell,” and the company has a market capitalization of £14.02 million.
Cora Gold Limited’s announcement of Mali’s moratorium partial lifting is a pivotal step forward for its Sanankoro Gold Project. The company anticipates this progress will expedite permitting and contribute positively to the mining sector’s recovery in Mali. While the stock has shown favorable year-to-date performance, caution is advised given the current market consensus sentiment.
Original Source: www.tipranks.com
