AUREUS MINING INC T.AUE

Some exposure

[Pat19xx]

Closer look?

Meanwhile, shares in Aureus Mining (LSE:AUE) are up by 19% today after it announced on Friday the closure of Tranche 2 of the equity financing with MNG Gold Jersey. This has raised gross proceeds of $15m, which takes the total raised in the recent period to $30m.

Clearly, Aureus Mining has benefitted from a rising price for gold, with the company's share price increasing by 28% in the last month. With investors being nervous about the prospects for the global economy following Brexit, it seems likely that the price of gold will continue to rise over the short-to-medium term. While there are larger and more financially sound gold-focused stocks than Aureus Mining, it may nevertheless be worth a closer look for less risk-averse investors.

 

[TheGrifter]

AUE has not benefitted from rising gold prices at all. The jump in stock price the result of new management sinking 30 million dollars into it to keep this from going bankrupt. Until there's an announcement regarding New Liberty being operational, this stock will fluctuate between 7.5 - 9.0 p/s.