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The latest update is out from Emerald Resources NL ( (AU:EMR) ).
Emerald Resources NL reported record gold production at its Okvau Gold Mine in Cambodia for the December 2024 quarter, producing 31.9Koz at a lower cost than forecasted. The company also completed a significant drill program at the Memot Gold Project, leading to an upgraded mineral resource estimate. Additionally, Emerald finalized the divestment of its Southern Cross Gold Project, gaining a substantial equity stake in Golden Horse Minerals Limited, enhancing its financial position to pursue further growth opportunities.
More about Emerald Resources NL
Emerald Resources NL is a company operating in the gold mining industry, with a focus on the development and exploration of gold projects. The company has a strong operational and development team with a history of delivering projects on time and within budget. Its primary operations are located in Cambodia and Australia, where it is actively involved in significant exploration and resource growth projects such as the Okvau Gold Mine, Memot Project, and Dingo Range Gold Project.
YTD Price Performance: 20.54%
Average Trading Volume: 2,439
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $1.52B
For detailed information about EMR stock, go to TipRanks’ Stock Analysis page.
