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Ora Gold ( (AU:NMG) ) has provided an announcement.
New Murchison Gold Limited has announced significant progress at its Crown Prince Gold Mine, with operations ramping up ahead of planned ore sales in September. The company has completed essential infrastructure, including ROM and crusher pads, and is on track to meet its first ore crushing milestone. With mining equipment mobilized and operational, NMG anticipates strong operational cash flow from the sale of high-grade ore parcels to Westgold Resource Limited’s Bluebird Gold Processing Plant. This development positions NMG to potentially expand its agreement as the mine plan evolves, signaling a positive outlook for stakeholders.
More about Ora Gold
New Murchison Gold Limited (ASX:NMG) operates in the gold mining industry, focusing on the extraction and sale of high-grade gold ore. The company’s primary project is the Crown Prince Gold Mine located near Meekatharra, Western Australia.
YTD Price Performance: 54.55%
Average Trading Volume: 14,045,988
Technical Sentiment Signal: Buy
Current Market Cap: A$183.4M
See more data about NMG stock on TipRanks’ Stock Analysis page.
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