Great Western Mining Progresses with Western Milling Project Amid Gold Price Surge

PUBLISHED: Apr 23 2025 @ 03:21 | Comments (0) | More info about Fiona Craig

Great Western Mining Corporation (LSE:GWMO) has made significant strides in advancing its Western Milling joint venture, with the construction of the mill site nearing completion and environmental permits now in place. The company aims to scale up operations for commercial gold production, capitalizing on the current surge in gold prices and strong local demand. Additionally, the company is in the early stages of discussions for third-party financing and engineering support to expand operations without additional funding from shareholders, positioning itself to generate substantial gold revenues while maintaining focus on its promising copper projects.

About Great Western Mining Corporation

Great Western Mining Corporation PLC is actively involved in the exploration and development of gold, silver, and copper deposits in the Walker Lane belt in Nevada, USA. With a focus on both short-term gold and silver resources and long-term copper opportunities, the company holds seven distinct concessions in Mineral County, Nevada. Operating in a mining-friendly region, the company also runs a 50-50 joint venture, Western Milling LLC, dedicated to processing pre-mined materials.

Key Financial Metrics:

Year-to-Date Share Price Change: -50.0%
Average Daily Trading Volume: 330,868 shares
Market Capitalization: £939.4K
Technical Sentiment: Buy

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