New Murchison Gold posts strong first full production quarter at Crown Prince

The latest announcement is out from Ora Gold ( (AU:NMG) ).

New Murchison Gold reported a strong first full quarter of production from its Crown Prince Gold Mine to 31 December 2025, with mining centred on the stage 1 open pit and progressive integration of the stage 2 pit planned for the first half of 2026. Benefiting from high gold prices, the company blended lower-grade material with high-grade ore to achieve a mined-to-ROM grade of 4.0 g/t, sold 187,384 tonnes of ore – exceeding contracted volumes – and generated cash of $72.3 million, while remaining unhedged, debt-free and holding $92 million in cash at quarter end. Exploration efforts shifted toward assessing underground potential at Crown Prince and advancing near-term open pit targets at Crown Prince East, Lydia and Abbotts, with in-pit drilling to support future resource estimates and post-quarter high-grade results at Lydia pointing to a potential near-term addition to the production pipeline; the company also moved its financial year-end to June to align with other ASX-listed gold producers.

The most recent analyst rating on (AU:NMG) stock is a Buy with a A$0.08 price target. To see the full list of analyst forecasts on Ora Gold stock, see the AU:NMG Stock Forecast page.

More about Ora Gold

New Murchison Gold Limited (ASX:NMG) is an Australian gold producer focused on the Garden Gully Gold Project in Western Australia’s Murchison region. The company operates the Crown Prince Gold Mine and sells gold-bearing ore, rather than bullion, into the domestic market, positioning itself as an emerging unhedged producer leveraged to a strong gold price environment.

YTD Price Performance: 46.00%

Average Trading Volume: 29,323,564

Technical Sentiment Signal: Buy

Current Market Cap: A$791.5M

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