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The latest update is out from Manuka Resources Ltd ( (AU:MKR) ).
Manuka Resources has ended its extended care and maintenance program, initiated in early 2024 when weaker gold and silver prices prompted a halt to hauling Mt Boppy ore to the Wonawinta plant. The decision aligns with a significant recovery in precious metal prices and the company’s previously stated plan to restart silver and gold production in the second quarter of 2026.
The company reports that it remains on schedule to recommence production in Q2 2026, has secured its key on‑site management team from 9 March, and is preparing to start gold ore movements from Mt Boppy later in March. Operational restart activities at Wonawinta are described as being well advanced, signaling a transition back to revenue-generating operations that could improve Manuka’s financial position and strengthen its standing as a junior precious metals producer.
The most recent analyst rating on (AU:MKR) stock is a Hold with a A$0.14 price target. To see the full list of analyst forecasts on Manuka Resources Ltd stock, see the AU:MKR Stock Forecast page.
More about Manuka Resources Ltd
Manuka Resources Limited is an Australian precious metals producer focused on gold and silver, listed on the ASX under the ticker MKR. The company operates the Mt Boppy gold project and the Wonawinta processing plant in New South Wales, targeting exposure to precious metal markets and responding to shifts in gold and silver prices.
Average Trading Volume: 15,956,423
Technical Sentiment Signal: Buy
Current Market Cap: A$198.7M
See more data about MKR stock on TipRanks’ Stock Analysis page.