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Great Western Mining Advances Western Milling Project Amidst High Gold Prices

Story Highlights
  • Great Western Mining progresses on its Western Milling joint venture with mill construction nearly complete.
  • Plans are in place to upscale the mill for commercial gold production, seeking third-party financing and expertise.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Great Western Mining Advances Western Milling Project Amidst High Gold Prices

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Great Western Mining ( (GB:GWMO) ) just unveiled an announcement.

Great Western Mining Corporation has announced substantial progress in its Western Milling joint venture, with mill site construction nearly complete and environmental permits secured. The company plans to upscale the mill for commercial gold production, leveraging the current high gold prices and local demand. Early-stage discussions for third-party financing and engineering expertise are underway to expand operations without further shareholder funding, aiming to generate significant gold revenues and focus on promising copper projects.

More about Great Western Mining

Great Western Mining Corporation PLC is engaged in exploring and developing gold, silver, and copper targets in the Walker Lane belt of Nevada, USA. The company focuses on short-term gold and silver deposits and long-term copper deposits, with seven distinct concession areas in Mineral County, Nevada. It operates in a mining-friendly jurisdiction and maintains a 50-50 joint venture known as Western Milling LLC for processing pre-mined material.

YTD Price Performance: -50.0%

Average Trading Volume: 330,868

Technical Sentiment Signal: Buy

Current Market Cap: £939.4K

Find detailed analytics on GWMO stock on TipRanks’ Stock Analysis page.

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