Ora Gold Ltd. ( (AU:NMG) ) has shared an update.
New Murchison Gold Limited has successfully secured $16.5 million through a placement of new shares to institutional and sophisticated investors, including significant resources-focused funds. This capital raising, strongly supported by major shareholder Westgold Resources Ltd, will facilitate the growth of the Crown Prince Gold Project by funding exploration and development activities, with production anticipated in the second half of 2025.
More about Ora Gold Ltd.
New Murchison Gold Limited operates in the gold mining industry, focusing on the exploration and development of gold projects. Its primary project is the Crown Prince Gold Project, and it is actively engaged in expanding its resource base and advancing project development.
Average Trading Volume: 112,500
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €81.96M
See more data about NMG stock on TipRanks’ Stock Analysis page.