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Metals Exploration ( (GB:MTL) ) has shared an announcement.
Metals Exploration PLC has announced initial estimates from internal studies at its La India gold project in Nicaragua, showing significant improvements over a previous feasibility study conducted in 2022. The company plans to commence production at La India by the end of 2026, with enhanced annual gold production and extended life of mine. This strategic move aims to bolster the company’s cash flow, replacing the output from its Runruno mine, which is nearing the end of its life cycle. Stakeholders can expect increased operational efficiency and potential financial growth, enhancing Metals Exploration’s position within the gold mining sector.
More about Metals Exploration
Metals Exploration PLC is a gold production, exploration, and development company with assets located in the Philippines and Nicaragua. The company focuses on the exploration and development of gold mining projects, aiming to enhance its operational capabilities and financial performance within the mining industry.
YTD Price Performance: 6.54%
Average Trading Volume: 2,564,606
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £105.8M
See more data about MTL stock on TipRanks’ Stock Analysis page.
