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Meeka Gold Limited ( (AU:MEK) ) has shared an announcement.
Meeka Gold Limited reported a successful quarter with gold production of 7,148 ounces at an all-in sustaining cost of $2,133 per ounce, surpassing their feasibility study’s start-up plan. The company has built its cash and gold reserves to $59.3 million, even after investing $21.8 million in growth capital for new mines. The accelerated open pit mining strategy has been effective, with significant ore stockpiles built, enhancing production flexibility and de-risking potential plant expansion. The company’s operations are progressing well, with no significant environmental incidents and a strong safety record, positioning Meeka Gold favorably for future growth and stability in the gold mining sector.
The most recent analyst rating on (AU:MEK) stock is a Buy with a A$0.31 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 particular emphasis on the Murchison Gold Project.
Average Trading Volume: 17,910,644
Technical Sentiment Signal: Buy
Current Market Cap: A$643.3M
For detailed information about MEK stock, go to TipRanks’ Stock Analysis page.