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-0.000334784064278553 -0.000278986720232022 0 -0.000725365472603479 0.00200870438567132 0.00926235911170626 -0.00438009150764422 0.00636089722129235
Stock impact report

S2 Resources divests Fosterville tenement to Agnico Eagle subsidiary [Yahoo! Finance]

Agnico Eagle Mines Limited (AEM) 
Last agnico eagle mines limited earnings: 4/30 05:07 pm Check Earnings Report
Company Research Source: Yahoo! Finance
S2 Resources received A$17m ($11.23m) from Agnico Eagle through its subsidiary Southern Star Exploration, as part of the deal. All conditions tied to the transaction have been met, the company said. Combined with its existing A$4.54m in cash, S2 Resources now holds total cash of more than A$21.5m. This improved cash position enables the company to advance its exploration programmes without needing to raise equity in the near-term. S2 Resources' near-term priority is the Warraweena project in northern New South Wales (NSW), where it has commenced initial reconnaissance drilling to assess geophysical targets. The company is earning up to an 80% interest in tenure owned by Oxley Resources and is also progressing work on adjacent ground. In Western Australia's Jillewarra region, discussions are advancing with the traditional owners to allow the grant of tenements and start exploration on its gold targets within the Jillewarra joint venture (JV), where S2 is earning an initial Show less Read more
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