Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Ora Gold ( (AU:NMG) ) has shared an announcement.
New Murchison Gold Limited has commenced gold production at the Crown Prince Gold Mine, marking a significant transition from exploration to production. The company has successfully ramped up operations, achieving a mining rate of 40,000 tonnes per month and producing 3,231 ounces of recoverable gold in its first month. The completion of a $15 million capital raising and inclusion in the S&P/ASX All Ordinaries Index reflect NMG’s strengthened market position. Ongoing exploration has revealed promising high-grade mineralization, supporting potential underground mining at Crown Prince and further regional opportunities.
More about Ora Gold
New Murchison Gold Limited (NMG) operates in the gold mining industry, focusing on exploration and production. The company’s primary project is the Crown Prince Gold Project, and it is involved in regional exploration across the Abbotts Belt in Western Australia. NMG has recently transitioned from a developer to a producer, marking its entry into gold production.
YTD Price Performance: 154.55%
Average Trading Volume: 29,474,010
Technical Sentiment Signal: Buy
Current Market Cap: A$302.3M
Learn more about NMG stock on TipRanks’ Stock Analysis page.