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Laneway Resources Ltd. ( (AU:SVG) ) has provided an update.
Savannah Goldfields Limited has completed all necessary maintenance and preparations for resuming gold production at the Georgetown Gold Processing Plant. The company plans to restart milling operations and gold recovery in early November, with the first gold pour expected in the same timeframe. Additionally, Savannah is preparing to commence mining at Big Reef and is finalizing an application to expand mining activities at Agate Creek, with operations expected to begin in 2026. This resumption and expansion are significant steps for the company, potentially enhancing its production capacity and market position.
More about Laneway Resources Ltd.
Savannah Goldfields Limited operates in the mining industry, focusing on gold production. The company is involved in the Georgetown Gold Project, which includes the Georgetown Gold Processing Plant located in Far North Queensland, Australia.
Average Trading Volume: 9,215,543
Technical Sentiment Signal: Sell
Current Market Cap: A$49.26M
Learn more about SVG stock on TipRanks’ Stock Analysis page.