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Westhaven Gold shares surged 51.5% on news of an $85 million potential deal with Dundee.
Westhaven Gold (CVE:WHN) shares jumped 51.5% on Monday, closing at C$0.25 after announcing a potential C$85 million earn-in agreement with Dundee, which could fund exploration at its Spences Bridge gold projects.
The surge, driven by a 1,872% spike in trading volume to 5.1 million shares, pushed the stock above its 50- and 200-day moving averages.
The deal brings major investor validation and reduces near-term capital needs, though sustainability depends on progress toward milestones, drilling plans, and potential share dilution.
The Vancouver-based company, with a market cap of about C$61.3 million, remains a small-cap exploration firm focused on gold and silver in Canada.
Las acciones de Westhaven Gold subieron un 51.5% por la noticia de un posible acuerdo de 85 millones de dólares con Dundee.