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Vertex Minerals Ltd. ( (AU:VTX) ) has issued an announcement.
Vertex Minerals reports a steady ramp-up in gold production at the Reward Gold Mine as underground stoping ore volumes and grades improve, supported by successful remote loading from the 1438 north stope, progress on Decline 3 rehabilitation towards flatback stoping, and ore-grade development on the Star of Peace vein. All five underground mining areas are now in ore development or stoping, the processing plant is operating near nameplate throughput after recent screen modifications, and quarter-to-date gold sales have reached $656,708, positioning the company for further production growth as additional stoping fronts are established and mining rates better align with plant capacity.
The most recent analyst rating on (AU:VTX) stock is a Hold with a A$0.25 price target. To see the full list of analyst forecasts on Vertex Minerals Ltd. stock, see the AU:VTX Stock Forecast page.
More about Vertex Minerals Ltd.
Vertex Minerals Ltd. is an Australian gold mining company focused on underground operations, with production currently centred on the Reward Gold Mine. The company processes hard rock underground ore through a gravity mill and associated plant, targeting increased throughput and higher-grade gold output as it advances multiple underground mining areas and vein systems.
Average Trading Volume: 1,240,491
Technical Sentiment Signal: Buy
Current Market Cap: A$75.93M
For a thorough assessment of VTX stock, go to TipRanks’ Stock Analysis page.