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The latest update is out from Manuka Resources Ltd ( (AU:MKR) ).
Manuka Resources Limited has secured a non-binding term sheet with Nebari Natural Resources Credit Fund for a US$22.5 million loan facility, intended to restart silver and gold production at the Wonawinta Silver Mine by Q2 2026. This financial move positions Manuka to capitalize on favorable silver market conditions, aiming to enhance its production capacity and repay existing debts, thereby strengthening its market position as a significant silver producer in Australia.
The most recent analyst rating on (AU:MKR) stock is a Hold with a A$0.07 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 operates in the mining industry, focusing on the production of silver and gold. The company is primarily engaged in the development and operation of the Wonawinta Silver Mine in Australia, aiming to become a leading producer of silver in the region.
Average Trading Volume: 6,717,819
Technical Sentiment Signal: Buy
Current Market Cap: A$81.02M
For a thorough assessment of MKR stock, go to TipRanks’ Stock Analysis page.