Emerald Resources NL ( (AU:EMR) ) has provided an update.
Emerald Resources NL reported a quarterly gold production of 19.1Koz from its Okvau Gold Mine in Cambodia, with sales of 23.6Koz at an average price of US$2,861/oz. Despite challenges in ore access and lower grades, the company maintained high processing plant availability and achieved significant recoveries. The company also announced an increase in ore reserves and mineral resources at Okvau, along with ongoing development at the Dingo Range and Memot projects. With strong cash flows and a debt-free position, Emerald is poised for growth, aiming to produce over 300Koz of gold annually.
More about Emerald Resources NL
Emerald Resources NL is a company operating in the gold mining industry, with a focus on developing and managing gold projects. Its primary operations include the Okvau Gold Mine in Cambodia and the Dingo Range Gold Project in Western Australia. The company is committed to sustainable practices and aims to become a multi-mine gold producer with a focus on resource expansion and operational efficiency.
YTD Price Performance: -7.14%
Average Trading Volume: 756
Technical Sentiment Signal: Hold
Current Market Cap: $1.7B
For detailed information about EMR stock, go to TipRanks’ Stock Analysis page.