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Bluebird Merchant Ventures ( (GB:BMV) ) has provided an announcement.
Bluebird Mining Ventures Ltd announced that a decision regarding the Mountain Temporary Use Permit (MTUP) for the Kochang Gold and Silver Mine in South Korea is expected this month. The permit, if granted, would allow the company to accelerate the development of the Kochang project, which could have significant implications for the company’s operations and potential production output. The management has expressed confidence in the legal process and hopes to provide positive updates, which would benefit shareholders and other stakeholders.
More about Bluebird Merchant Ventures
Bluebird Mining Ventures Ltd is a London-listed company focused on developing high-grade, low-capex gold projects. The company operates in the mining sector, with projects in South Korea and the Philippines, and aims to advance its assets to production through joint ventures with local partners. Its projects include the historic Gubong Gold Mine and the Kochang Gold and Silver Mine in South Korea, as well as the Batangas Gold Project in the Philippines. The company emphasizes a joint venture model to leverage local expertise and investment, thereby reducing reliance on international capital markets.
YTD Price Performance: -18.27%
Average Trading Volume: 2,218,099
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £3.26M
Learn more about BMV stock on TipRanks’ Stock Analysis page.
