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Meeka Gold Limited ( (AU:MEK) ) has provided an announcement.
Meeka Metals reported that March-quarter gold output from its Murchison Gold Project fell to 6,083 ounces, down from 9,174 ounces in the December period, after heavy rainfall disrupted open-pit mining and delayed access to higher-grade ore, forcing greater use of lower-grade stockpiles. Despite the production setback, mill throughput surged 37% to 123,000 tonnes, cash on hand rose to $50.1 million, and management expects sustained processing rates in the June quarter with further improvements from higher-grade open-pit and fresh underground ore blends later in 2026, supporting the project’s longer-term growth trajectory.
The most recent analyst rating on (AU:MEK) stock is a Hold with a A$0.14 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 an Australian gold producer that owns and operates the Murchison Gold Project in Western Australia’s Murchison Gold Fields. The project hosts a high-grade 1.2Moz gold resource across open-pit and underground operations feeding a central processing plant, underpinned by a 10-year production plan with strong forecast economics and ramp-up underway since mid-2025.
Average Trading Volume: 22,124,563
Technical Sentiment Signal: Buy
Current Market Cap: A$500.8M
See more insights into MEK stock on TipRanks’ Stock Analysis page.