Great Divide Mining Ltd (AU:GDM) has released an update.
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Great Divide Mining Ltd is set to transition from a gold explorer to a gold producer through a new joint venture with Adelong Gold Ltd. The company will initially acquire a 15% stake in the Adelong Gold Mine, with potential to increase its ownership to 51% upon commencing gold production. This strategic move aims to restart operations at the historic mine, marking a significant advancement in GDM’s growth strategy.
For further insights into AU:GDM stock, check out TipRanks’ Stock Analysis page.