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Omineca Mining and Metals ( (TSE:OMM) ) just unveiled an announcement.
Omineca Mining and Metals Ltd. has announced the re-start of its underground placer gold recovery operations at the Wingdam project. After overcoming delays related to geotechnical submissions, the company is set to begin mining operations using advanced ground support techniques. With all necessary preparations completed, including equipment setup and site rehabilitation, the recovery of gold-bearing gravel is expected to commence shortly, potentially enhancing Omineca’s operational capabilities and market position.
More about Omineca Mining and Metals
Omineca Mining and Metals Ltd. is engaged in gold exploration and placer recovery projects, with its flagship Wingdam project located along the Barkerville Highway in British Columbia. The company holds significant mineral tenures and placer claims in the Lightning Creek valley, focusing on recovering placer gold-bearing gravels and exploring potential hard rock sources of gold.
YTD Price Performance: -35.71%
Average Trading Volume: 308,525
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$11.78M
For a thorough assessment of OMM stock, go to TipRanks’ Stock Analysis page.