Tarachi Gold Corp (OTCMKTS:TRGGF) (CSE:TRG) Stock In Focus After Key Developments
Shares of Tarachi Gold Corp (OTCMKTS:TRGGF) (CSE: TRG)have been muted over the past few sessions. Here are key developments.
Market Stats
On Wednesday, TRGGF stock ended flat at $0.1250 with more than 29.50K shares, compared to its average volume of 26k shares. The stock has moved within a range of $0.1250 – 0.1250 after opening trading at $0.1250.
Tarachi Year in Review and 2022 Outlook
Canadian-listed junior gold exploration company focused on exploring and developing projects in Mexico, Tarachi Gold Corp (OTCMKTS:TRGGF) on January 26, 2022, provided an overview of the firm’s achievements in the previous year as well as contours of goals and priorities in the year ahead.
Cameron Tymstra, Tarachi CEO said that the company is proud of the progress made by the team last year, especially at Magistral.
The CEO added that despite the delays of three months at labs processing metallurgical and assays work, the firm managed to drill out the basin and finish Magistral PEA as well as a mineral resource.
Tymstra added that PEA highlights strong and high-margin development potentially generating significant cash flows, which can support the firm’s future growth.
In February last year, Tarachi signed a purchase agreement with Manto Resources for Magistral Mill and Tailings Project in Durango, Mexico.
The firm’s priority for the project would be to secure funding for the development of assets and the management is looking at different funding mechanisms for Magistral.
The next step at Magistral will entail extra metallurgical test work for designing the SART circuit and the firm is looking at hiring resources, General Manager as well as VP of Operations, who would be responsible for spearheading project development.
