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The latest announcement is out from Pacgold Limited ( (AU:PGO) ).
Pacgold Limited has commenced cyanide heap leach irrigation at its White Dam Gold Project in South Australia, turning and aerating approximately 250,000 tonnes of run-of-mine ore on the first lift of the existing dump, which is expected to be fully under irrigation by mid-January 2026. The initial 5–6 week leaching campaign, using the recently relined and approved pregnant leach solution pond and existing processing plant, is expected to deliver near-term gold production and first cash flows, providing funding for further development and exploration across the company’s assets while testing recovery rates from the 7.5 million tonnes of ore already on the pad; meanwhile, Pacgold is remobilising its exploration team and drill crews to restart drilling at Vertigo, Hannaford and White Dam North, positioning the company to capitalise on the current high gold price environment and improve its financial strength through low-cost, low-risk production.
The most recent analyst rating on (AU:PGO) stock is a Hold with a A$0.08 price target. To see the full list of analyst forecasts on Pacgold Limited stock, see the AU:PGO Stock Forecast page.
More about Pacgold Limited
Pacgold Limited is an ASX-listed gold company focused on exploration and development projects in Australia, with a particular emphasis on unlocking value from existing gold resources and processing infrastructure. The company’s portfolio includes the recently acquired White Dam Gold Project in South Australia, where it is pursuing low-cost, near-term production opportunities through heap leach operations.
Average Trading Volume: 3,269,278
Technical Sentiment Signal: Hold
Current Market Cap: A$37M
Learn more about PGO stock on TipRanks’ Stock Analysis page.