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Mammoth Resources ( (TSE:MTH) ) has issued an update.
Mammoth Resources Corp. is exploring the potential for small-scale gold-silver production at its Tenoriba property in Mexico, leveraging a nearby 200-tonne per day flotation mill. The company is investigating two production scenarios: utilizing the existing mill and constructing a pilot heap leach pad. This initiative could provide valuable insights for future large-scale development and capitalize on high gold prices, potentially enhancing Mammoth’s market position and offering attractive returns on investment.
More about Mammoth Resources
Mammoth Resources Corp. is a company operating in the mining industry, focusing on the exploration and potential production of precious metals, specifically gold and silver. The company is engaged in the development of its Tenoriba property located in the Sierra Madre precious metal belt in Mexico.
YTD Price Performance: -25.00%
Average Trading Volume: 49,303
Technical Sentiment Consensus Rating: Hold
Current Market Cap: C$1.01M
For an in-depth examination of MTH stock, go to TipRanks’ Stock Analysis page.