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The latest update is out from Great Divide Mining Ltd ( (AU:GDM) ).
Great Divide Mining Ltd’s subsidiary, GDM Yellow Jack Pty Ltd, has entered into a joint venture with Native Mineral Resources Holdings Limited to extract and process gold ore from the Yellow Jack Site. This collaboration marks a significant step in GDM’s strategic plan to transition into a cash-flow mining business, with profits from the project to be equally shared after costs. The agreement allows GDM to advance its Yellow Jack Gold Project and bring a second project online, enhancing its operational capabilities and market positioning.
More about Great Divide Mining Ltd
Great Divide Mining Ltd (ASX:GDM) is a company focused on evolving from an explorer to a miner-producer in the mining industry. Its primary focus is on gold extraction, and it aims to rapidly progress its projects to generate cash flow while conserving shareholder capital.
Average Trading Volume: 39,479
Technical Sentiment Signal: Hold
Current Market Cap: A$16.26M
See more data about GDM stock on TipRanks’ Stock Analysis page.