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The latest announcement is out from Ora Gold ( (AU:NMG) ).
New Murchison Gold Limited has commenced production at the Crown Prince Gold Mine, marking a significant milestone as the company transitions from an explorer to a gold producer. The first batch of gold-bearing ore is being processed at Westgold Resources’ facility, with plans to ramp up production to 40,000 tonnes per month. This development not only enhances NMG’s operational capacity but also strengthens its position in the gold mining industry, leveraging strategic partnerships to optimize resource utilization.
More about Ora Gold
New Murchison Gold Ltd (ASX:NMG) is a mineral exploration and gold mining company based in Western Australia. It focuses on the Garden Gully Gold Project, which includes a substantial tenure package in the Murchison goldfield, featuring multiple gold deposits, with the Crown Prince Gold Mine being the most advanced.
YTD Price Performance: 118.18%
Average Trading Volume: 17,414,097
Technical Sentiment Signal: Buy
Current Market Cap: A$258.9M
For a thorough assessment of NMG stock, go to TipRanks’ Stock Analysis page.