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An update from Meeka Gold Limited ( (AU:MEK) ) is now available.
Meeka Metals Limited has successfully poured its first gold at the Murchison Gold Project, achieving this milestone within 12 months of breaking ground. The company is on track with its production schedule, aiming for an annual target of 80,000 ounces of gold. The recent arrival of a third dig fleet and the commencement of underground mining at Andy Well are expected to support this ramp-up, indicating positive implications for the company’s operations and market positioning.
The most recent analyst rating on (AU:MEK) stock is a Buy with a A$0.15 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 Metals Limited is a company with a portfolio of high-quality, 100% owned projects across Western Australia. Its flagship Murchison Gold Project hosts a significant high-grade mineral resource and focuses on restarting the Andy Well mill, with a 10-year production plan and substantial financial projections.
Average Trading Volume: 12,341,151
Technical Sentiment Signal: Buy
Current Market Cap: A$408.2M
See more insights into MEK stock on TipRanks’ Stock Analysis page.