Mt Malcolm Mines Says Gold Production Rise at Western Australian Project; Shares Fall 3%

MT Newswires Live

01-16

Mt Malcolm Mines (ASX:M2M) said gold production at its golden crown prospect rose to 73.9 ounces in the two weeks ended Dec .31, 2024, according to a Thursday filing with the Australian bourse.

The company recovered 34.7 ounces of gold in October and November 2024.

The produced gold was sold to the Perth mint refinery for AU$278,648, the filing said.

Bulk sampling program at the prospect yielded 7.1 grams per tonne grade of gold and 11.4 g/t gold, the filing added.

The company said the final batch of gold produced is being processed and expects further gold sales in the coming weeks.

Shares of the company fell past 3% in recent Thursday trade.

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