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New Murchison Gold Limited (ASX:NMG)

ALERT: Price-sensitive ASX Announcement for NMG
Current share price for NMG : $0.041 -0.009 (-18%)+
Announcement
Release
28 Apr 2026 8:20AM
Price at Release
$0.050
Full Release
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Summary
New Murchison Gold Limited's March 2026 quarterly report highlights strong production at the Crown Prince Gold Mine with 173,174 tonnes of ore sold, exceeding planned targets. The focus remains on high-grade drilling results at the Crown Prince East and Lydia prospects, setting the stage for future growth. The company reported a cash build of $63.6 million, ending the quarter with $155.6 million in cash, and is operating debt-free. Additionally, the appointment of Mark Adams as Non-Executive Director is expected to bolster mining expertise for operational optimization and growth.
Key Points
  • Crown Prince Operations continued strong production with high margins.
  • 173,174 tonnes of ore sold for 16,660 ounces of gold.
  • Exploration focused on Crown Prince, Lydia, and Abbotts projects.
  • High-grade drilling results at Crown Prince East and Lydia.
  • Cash build of $63.6m, ending the quarter with $155.6m cash.
  • Appointment of Mark Adams as Non-Executive Director.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.