The Canadian miner acquired Greater Arc Pty Ltd to gain access to the Alicia high-grade gold and base metals project.

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Iamgold previously earned a 70% interest in the project with an investment of $10.9 million.

Midday Thursday, Decade’s stock was up 25% on the TSXV.

The company re-started exploration in May, after a temporary suspension in response to covid-19.

Diamond drill highlights include 46.5 metres of 6.15 g/t gold starting at 118.5 metres.

Wesdome said it is well-positioned to meet its 2020 production guidance of 90,000 oz. to 100,000 oz. at all-in sustaining costs of $985 to $1,040 per oz.

Shares of US Gold surged 12.8% on Wednesday following the latest acquisition.