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Catalyst Metals Limited ( (AU:CYL) ) has shared an announcement.
Catalyst Metals Limited has announced a significant increase in its gold reserves at the Plutonic Belt, doubling to 1.5 million ounces year-on-year, as part of its strategy to establish a stable, long-term gold production hub. This growth supports Catalyst’s plan to ramp up production to a steady 200,000 ounces annually over a 10-year mine life, enhancing its position in the Western Australian underground gold industry and providing a stable cash flow platform.
The most recent analyst rating on (AU:CYL) stock is a Buy with a A$8.82 price target. To see the full list of analyst forecasts on Catalyst Metals Limited stock, see the AU:CYL Stock Forecast page.
More about Catalyst Metals Limited
Catalyst Metals Limited is a company operating in the gold mining industry, primarily focusing on the exploration and production of gold. Its flagship asset is the Plutonic Gold Belt in Central Western Australia, which currently produces approximately 100,000 ounces per annum from two mines, Plutonic Main and Plutonic East. The company is expanding its operations by bringing three new mines into production and aims to increase its reserves and production significantly.
Average Trading Volume: 1,900,019
Technical Sentiment Signal: Buy
Current Market Cap: A$1.97B
For detailed information about CYL stock, go to TipRanks’ Stock Analysis page.