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The latest announcement is out from Granada Gold Mine Inc ( (TSE:GGM) ).
Granada Gold Mine Inc. has engaged Goldminds Geoservices to update its restoration plan, a required process every five years to maintain permit compliance and ensure resource readiness. This strategic move is crucial as the company stands as one of the few fully-permitted, high-grade open-pit gold deposits in a region with a dwindling ore supply and mill closures. The recent mineral resource estimate update highlights the deposit’s significant gold resources, reinforcing Granada’s potential in the mining sector amid a challenging market environment.
More about Granada Gold Mine Inc
Granada Gold Mine Inc. operates in the mining industry, focusing on high-grade open-pit gold deposits. It is strategically positioned on the Cadillac Break in Quebec, which is significant due to its fully permitted status for custom milling in a region with a critical ore shortage, affecting many local mills.
YTD Price Performance: -23.33%
Average Trading Volume: 91,315
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$3.8M
For a thorough assessment of GGM stock, go to TipRanks’ Stock Analysis page.
