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Bluebird Merchant Ventures ( (GB:BMV) ) just unveiled an announcement.
Bluebird Mining Ventures Ltd. has announced the renewal of its two Mineral Production Sharing Agreements (MPSA) in the Philippines for an additional two years, marking a significant milestone in its project development. This renewal allows the company to progress with its mining operations, with the Declaration of Mining Project Feasibility (DMPF) being a key condition for commencing production. The company expects improved production economics due to the current high gold prices and a more targeted focus on higher-grade ore zones. Bluebird is free carried for the renewal period, with costs covered by its local partner, and anticipates a substantial increase in project value and a potential write-back of value in its accounts.
More about Bluebird Merchant Ventures
Bluebird Mining Ventures Ltd. is a pan Asian gold project development company operating in the mining sector, with a focus on developing gold projects in Asia. The company is listed on the FTSE market and is involved in the development of mineral projects, particularly in the Philippines.
YTD Price Performance: 15.38%
Average Trading Volume: 2,280,828
Technical Sentiment Signal: Buy
Current Market Cap: £4.6M
For detailed information about BMV stock, go to TipRanks’ Stock Analysis page.