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Matsa Resources Limited ( (AU:MAT) ) just unveiled an announcement.
Matsa Resources Limited has completed its second processing campaign of ore from the Devon Pit Gold Mine, with 51,562 dry tonnes of ore processed over 19 days at the FMR Greenfields plant and 23 gold doré bars delivered to the Perth Mint for refining, indicating production in line with expectations and higher gold output than the first campaign. While final reconciliations, including gold-in-circuit calculations and refinery outturns, are still pending, early indications suggest improved understanding of the orebody and metallurgical performance, supporting confidence in future campaigns; mining for the third processing campaign has already commenced, with processing brought forward to mid-March 2026, and initial cash proceeds from Campaign 2 expected imminently, signalling ongoing cash flow generation from the operation.
The most recent analyst rating on (AU:MAT) stock is a Hold with a A$0.15 price target. To see the full list of analyst forecasts on Matsa Resources Limited stock, see the AU:MAT Stock Forecast page.
More about Matsa Resources Limited
Matsa Resources Limited is an Australian gold mining company focused on developing and processing ore from its Devon Pit Gold Mine in Western Australia, with production treated at the FMR Greenfields processing facility and refined through the Perth Mint.
YTD Price Performance: 3.85%
Average Trading Volume: 2,139,982
Technical Sentiment Signal: Buy
Current Market Cap: A$129.1M
See more data about MAT stock on TipRanks’ Stock Analysis page.