TSXV:OCI - Post Discussion
Post by
Goldy63 on Mar 11, 2022 11:17am
Worth A Stack.
Floats kinda high but solid financials and more results work for me . TGIF. Cheers.(Quote)
TORONTO, March 10, 2022 /CNW/ - Orefinders Resources Inc. ("Orefinders" or the "Company") (TSXV: ORX) is pleased to provide a corporate update, including results from the now complete Knight drill program, the in-progress drill program on its McGarry Gold project in the Kirkland Lake District, updates on Orefinders cash and working capital positions, strategic opportunities that Orefinders is evaluating, and its Joint Venture partnership with Agnico Eagle Mines Limited ("Agnico Eagle"; TSX:AEM). Orefinders has a strong balance sheet with $6 million in cash and a total of $8.5 million in working capital, including its +5 million shares in QC Copper & Gold (QCCU:TSXV) , 24.7 million shares in Mistango River Resources (MIS:CSE), 5 million shares in American Eagle Gold (AE:TSXV). Orefinders also benefits from its $60 million joint venture with Agnico Eagle, which sees AEM fund Orefinders exploration activities while preserving its treasury. Orefinders also notes that Agnico's budget for 2022 is increasing by 50% from 2021
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