Eight Capital initiates on Australian gold miner Southern Cross with 'buy'

Golden Cross Resources

29/01/2024 19:30

** Brokerage Eight Capital begins coverage on Australia's
Southern Cross Gold  SXG.AX  with "buy" rating and PT of A$1.60
    ** PT reflects a premium of over 50% to stock's last close
of A$1.05
    ** Analysts say Sunday Creek, which is the flagship project
of co, is one of the top high-grade gold discoveries globally
    ** Exploration at Sunday Creek is ongoing, with SXG planning
to drill additional 19,000 metres by April to further explore
the high-grade mineralized system - Eight Capital
    ** Stock jumped 57.5% in 2023

 (Reporting by Rishav Chatterjee in Bengaluru)
 ((Rishav.Chatterjee@thomsonreuters.com;))