An update from Catalyst Metals Limited ( (AU:CYL) ) is now available.
Catalyst Metals Limited has announced the commencement of stoping ore at Plutonic East, marking the first of three new mining operations planned to double production across the Plutonic Gold Belt. This development is part of Catalyst’s strategy to reduce operational risks by diversifying ore sources and utilizing existing infrastructure, with the goal of increasing production to 200,000 ounces of gold annually over the next 12 to 18 months.
More about Catalyst Metals Limited
Catalyst Metals Limited is a gold mining company operating primarily in Central Western Australia. Its flagship asset is the Plutonic Gold Belt, which includes the Plutonic Gold Mine, producing 85,000 ounces of gold annually. The company also owns the Henty Gold Mine in Tasmania and holds significant exploration interests in the Bendigo goldfield area.
YTD Price Performance: 68.60%
Average Trading Volume: 940,593
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$928.8M
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