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An update from Compass Gold ( (TSE:CVB) ) is now available.
Compass Gold Corp. is on the verge of commencing gold production at its Massala prospect in Mali, with operations expected to start within the next 60 days. The company has nearly completed the necessary environmental and social impact studies required for a Small Mining Permit, which will allow for the production of up to 160,000 ounces of gold over four years. The strategic partnership with the SMAT processing facility positions Compass to begin production swiftly, capitalizing on high gold prices and aiming to demonstrate the economic benefits of efficient, near-surface mining. The initiative underscores Compass’s commitment to regulatory compliance and community engagement, promising transparency and accountability in its operations.
More about Compass Gold
Compass Gold Corp. operates in the mining industry, focusing primarily on gold production. The company is engaged in developing its Massala prospect within the Sikasso Property in southern Mali, with a market focus on leveraging high gold prices to benefit local communities and stakeholders.
Average Trading Volume: 5,000
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $13.34M
See more insights into CVB stock on TipRanks’ Stock Analysis page.