New Murchison Gold (ASX: NMG) has reported robust production results from its Crown Prince Gold Mine, completing its first full quarter of operations.
During the period, the mine delivered 184,746 dry tonnes of crushed ore at an average grade of 4.0 g/t Au, achieving a recovery rate of 95.9%.
This equated to 22,766 ounces of gold sent to Westgold Resources' (ASX:WGX) Bluebird processing facility, located 36km south of Crown Prince.
The company closed the quarter with a strong cash position of $92 million, positioning it well to advance near-term production opportunities across its broader Garden Gully tenure.
NMG’s CEO, Alex Passmore, said, "Crown Prince Gold Mine continues to deliver strong ore production to the Bluebird mill, enabling significant cash flow generation for NMG. With a strong balance sheet, the company is well placed to advance our near-term production prospects."
At the time of reporting, New Murchison Gold's share price was $0.067.