Bell Potter boosts Santana target price 53.5%

Santana Minerals' Bendigo-Ophir project is in Central Otago. (Image: Santana Minerals)

Fri, 19 Apr 2024

Australian broking house Bell Potter has delivered a 53.5% upgrade on its target share price for Australian securities exchange-listed Santana Minerals’ Central Otago gold prospect.The target lifted from A$1.40 (NZ$1.52) to A$2.15, and the re-rating still has Santana (SMI) as a speculative buy.It follows the publication of the results of a scoping study that continued to show strong potential for a highly productive, low-cost gold mining operation at Bendigo-Ophir, at the southern end of the Dunstan Mountains.In a note to clients on April...

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