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Great Divide Mining Ltd ( (AU:GDM) ) has issued an announcement.
Adelong Gold Limited, in partnership with Great Divide Mining Limited, has successfully completed its first gold pour at the Challenger Gold Mine in southern New South Wales. This milestone marks Adelong Gold’s transition from exploration to production, highlighting the effectiveness of its joint venture model. The environmentally friendly process used at the mine involves a gravity recovery method without cyanide or chemical additives, ensuring efficient and low-cost gold concentrate production. This achievement positions the Challenger Mine as a key near-term cash generator and allows Adelong Gold to focus on its Lauriston Gold Project in Victoria, which is adjacent to the high-grade Fosterville Mine, presenting significant exploration and resource growth potential.
More about Great Divide Mining Ltd
Average Trading Volume: 35,065
Technical Sentiment Signal: Buy
Learn more about GDM stock on TipRanks’ Stock Analysis page.