Altius Minerals shares hit highest peak since 2008

Investing.com -- Altius Minerals Corp. saw its shares climb up to 4.1%, reaching their highest intraday level since 2008 after the miner announced that an arbitration tribunal had granted it a partial award in a boundary dispute concerning a gold project in Nevada with AngloGold Ashtanti.

TD Cowen, an investment bank, has noted that this event could be a potential positive development for the stock of Altius Minerals Corp.

The dispute with AngloGold Ashtanti, a South African multinational mining company, centered around the boundaries of a gold project in Nevada.

The arbitration tribunal's decision to award Altius Minerals Corp. a partial victory in this dispute has been a factor in boosting the company's share prices.

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Source: Investing.com