Ora Gold Ltd. (AU:NMG) has released an update.
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Westgold Resources Limited has entered into a gold ore purchase agreement with Zeus Mining, owned by New Murchison Gold, to boost production at its Meekatharra plant. The deal, pending shareholder approval from NMG, involves Westgold purchasing up to 50,000 tonnes of ore monthly from the Crown Prince site, starting mid-2025. This collaboration is expected to enhance Westgold’s production capacity and reduce costs, while providing NMG a pathway to monetize its resources without building new infrastructure.
For further insights into AU:NMG stock, check out TipRanks’ Stock Analysis page.
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