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Meeka Gold Limited ( (AU:MEK) ) has shared an announcement.
Meeka Metals Limited announced the successful commissioning of its processing plant at the Murchison Gold Project, with the first gold poured on July 1, 2025, marking a significant milestone achieved within nine months of construction. The company reported no lost time injuries and maintained a strong safety record during the quarter. Meeka has invested significantly in accelerating its mining operations, including the expansion of open pit mining and the introduction of underground mining ahead of schedule, which is expected to enhance operational efficiency and cost savings. The company ended the quarter with $56 million in cash and no debt, positioning itself well for future growth and steady state operations.
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 operating in the gold mining industry, focusing on the development and production of gold resources. The company is engaged in mining operations, particularly at the Murchison Gold Project, and emphasizes sustainability, health, and safety in its operations.
Average Trading Volume: 12,068,402
Technical Sentiment Signal: Buy
Current Market Cap: A$408.2M
See more data about MEK stock on TipRanks’ Stock Analysis page.