The latest update is out from Maritime Resources ( (TSE:MAE) ).
Maritime Resources Corp. has successfully commenced mineral processing operations at its Pine Cove Mill, part of the Point Rousse Gold Project. This marks a significant milestone as it is the only operating gold processing facility in Newfoundland and Labrador. The company has completed necessary repairs and upgrades to the plant, recruited local personnel, and processed over 50,000 tonnes of mineralized stockpile material. This development sets the stage for a low-cost startup of the Hammerdown Gold Project, highlighting Maritime’s strategic progress in the region.
More about Maritime Resources
Maritime Resources Corp. operates in the mining industry, focusing on gold extraction and processing. The company is engaged in projects located in the Baie Verte mining district of Newfoundland and Labrador, with a market focus on developing gold projects such as the Point Rousse Gold Project.
YTD Price Performance: 25.00%
Average Trading Volume: 393,557
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$62.94M
For an in-depth examination of MAE stock, go to TipRanks’ Stock Analysis page.