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Sunshine Gold Ltd ( (AU:SHN) ) has shared an announcement.
Sunshine Metals reported continued progress at its Ravenswood Consolidated Project for the quarter to 31 March 2025, highlighted by a mining study over the shallow Liontown gold deposit. The study outlined an initial production target of about 75,000 ounces of gold at 2.96 g/t and 654,000 ounces of silver at 25.73 g/t, with projected gross revenue of roughly A$458 million, net operating cashflow of A$162.7 million after capital, and an all-in sustaining cost of A$2,741 per ounce of gold.
The company also reported high-grade drilling results at Liontown, including intercepts up to 1 metre at 136 g/t gold and 9,960 g/t silver within a broader mineralised zone, and completed resource definition drilling on the Liontown Gold Panel. In addition, Sunshine secured a A$202,235 government grant to drill the Trooper Creek gold-silver-copper-zinc target, supporting its strategy of leveraging strong precious metals prices by prioritising shallow oxide gold mineralisation less than 50 metres from surface to generate early cashflow.
More about Sunshine Gold Ltd
Sunshine Metals Limited is an Australian mineral exploration and development company focused on multi-commodity projects in North Queensland, targeting gold, silver, copper, zinc, lead and molybdenum. Its flagship Ravenswood Consolidated Project near Charters Towers hosts a 7.4Mt resource grading 3.9g/t AuEq for 929koz AuEq recoverable, and the company is pursuing near-term, low-capex production from shallow oxide gold deposits.
Average Trading Volume: 8,975,397
Technical Sentiment Signal: Buy
Current Market Cap: A$85.06M
Find detailed analytics on SHN stock on TipRanks’ Stock Analysis page.