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Emerald Resources NL ( (AU:EMR) ) has issued an announcement.
Emerald Resources NL reported a record after-tax profit of $87.6 million for the year, driven by strong performance at its Okvau Gold Mine in Cambodia, which produced 98,110 ounces of gold. The company has repaid its Okvau Debt Facility and is focusing on expansion plans, including underground resource development at Okvau and exploration at its Dingo Range and Memot projects. Emerald Resources is also advancing its environmental initiatives, such as the Phnom 1500 reforestation project, and maintains a strong safety record with zero reportable injuries.
The most recent analyst rating on (AU:EMR) stock is a Buy with a A$5.50 price target. To see the full list of analyst forecasts on Emerald Resources NL stock, see the AU:EMR Stock Forecast page.
More about Emerald Resources NL
Emerald Resources NL is a gold mining company primarily focused on the exploration, development, and production of gold in Cambodia and Australia. The company operates the Okvau Gold Mine in Cambodia and is involved in the Dingo Range Gold Project in Australia. Emerald Resources is committed to sustainable practices, including carbon neutrality and local workforce inclusion.
Average Trading Volume: 2,937,369
Technical Sentiment Signal: Buy
Current Market Cap: A$3.46B
For a thorough assessment of EMR stock, go to TipRanks’ Stock Analysis page.