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An update from Laneway Resources Ltd. ( (AU:SVG) ) is now available.
Savannah Goldfields has restarted gold production at its Georgetown Gold Processing Plant, pouring gold doré on a roughly weekly basis since November 2025 and generating total gold sales of $6.4 million from 934 ounces of gold and associated silver by 30 January 2026, at an average realised gold price of $6,791 per ounce and provisional production costs of $3,655 per ounce. The company has commenced mining at the Big Reef open pit, processed material from Big Ben rock piles, and completed approximately 600 tonnes of toll treatment for a local third party, while advancing exploration at its Electric Light and Red Dam prospects with strong drill results and beginning resource updates and mining studies, including a planned underground scoping study at Electric Light and an expansion of approvals to resume Agate Creek mining in Q2 2026. On the corporate front, Savannah Goldfields raised A$15 million via a large share placement with attaching options and ended January with $2.175 million in cash, providing funding support for its current processing campaign, exploration programs and planned ramp-up of mining and processing across its Gulf Savannah assets.
The most recent analyst rating on (AU:SVG) stock is a Sell with a A$0.02 price target. To see the full list of analyst forecasts on Laneway Resources Ltd. stock, see the AU:SVG Stock Forecast page.
More about Laneway Resources Ltd.
Savannah Goldfields Limited is an Australian gold mining and processing company focused on the Gulf Savannah region of Queensland, operating the Georgetown Gold Processing Plant (GGPP) and advancing nearby deposits including Agate Creek, Electric Light, Red Dam and Big Reef. The company’s activities span gold production from stockpiles and open pits, toll treatment for third parties, and exploration aimed at expanding mineral resources and supporting future open pit and potential underground mining operations.
Average Trading Volume: 6,436,999
Technical Sentiment Signal: Sell
Current Market Cap: A$38.55M
See more insights into SVG stock on TipRanks’ Stock Analysis page.