Sonoro Gold Corp. (SMOFF) Research
Sonoro Gold Corp. operates as an exploration-stage enterprise, concentrating its efforts on identifying, acquiring, and advancing mineral properties throughout Mexico. The company primarily seeks to discover deposits rich in gold and silver. Its most prominent undertaking is the Cerro Caliche Group of Concessions, a project encompassing roughly 1,400 hectares located within the Cucurpe municipality of Mexico. With its corporate base in Vancouver, Canada, the firm was formerly known as Sonoro Metals Corp. until it officially adopted the name Sonoro Gold Corp. in August 2020.
Market snapshot
- Symbol
- SMOFF
- Price
- $0.16
- Day change
- -0.06%
- Market cap
- $55.3M
- P/E ratio
- -8.20x
- 52-week range
- 0.0931-0.25
- Sector
- Basic Materials
- Industry
- Other Precious Metals
- Next earnings
- in 2 months
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- Sonoro Gold closes oversubscribed C$15.5M placement to advance Mexico gold project
Sonoro Gold Corp (TSX-V:SGO, OTCQB:SMOFF, FRA:23SP) said on Wednesday it has closed an oversubscribed non-brokered private placement of 62 million units at $0.25 per unit, raising gross proceeds of C$15.5 million to fund development of its Cerro Caliche gold project in Sonora, Mexico. Each unit consists of one common share and one warrant exercisable at C$0.34 per share for three years from closing.
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Peer companies
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