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Meeka Gold Limited ( (AU:MEK) ) just unveiled an update.
Meeka Gold Limited has successfully completed the development of the Murchison Gold Project, culminating in the first gold pour in July 2025. The company invested approximately $68 million in expanding processing capacity and commencing mining operations, achieving these milestones amidst a favorable gold price environment. The expansion of mining operations and the discovery of high-grade ore at the Andy Well underground mine highlight potential for resource growth. Meeka’s transition from developer to producer status has significantly increased its market capitalization, and the company is now focused on ramping up gold production and cash flow.
The most recent analyst rating on (AU:MEK) stock is a Buy with a A$0.33 price target. To see the full list of analyst forecasts on Meeka Gold Limited stock, see the AU:MEK Stock Forecast page.
More about Meeka Gold Limited
Meeka Gold Limited operates in the mining industry, focusing on gold production. The company is involved in the development and operation of gold mining projects, with a significant focus on the Murchison Gold Project.
Average Trading Volume: 18,810,176
Technical Sentiment Signal: Buy
Current Market Cap: A$630M
For detailed information about MEK stock, go to TipRanks’ Stock Analysis page.