Great Divide Mining Secures Long-Term Gold Concentrate Offtake Deal
Great Divide Mining Ltd (ASX: GDM) has entered into a binding 12-month gold concentrate offtake agreement with Switzerland-based MRI Trading AG for production from its Challenger Gold Mine in Adelong, New South Wales. The agreement covers 100% of Challenger’s gold concentrate production from 1 April 2026 to 30 June 2027 and establishes a reliable international export sales pathway for the Company. Under the deal, payments will be linked to prevailing LBMA gold prices, with provisional payments expected within three business days of shipment documentation. Concentrate shipments will be exported through the Port of Melbourne and delivered to international customers via Port Klang, Malaysia. The agreement supports GDM’s transition of the Challenger Gold Mine from recommissioning into sustained commercial production. The Company recently achieved first gold concentrate production and has commenced commercial shipments as part of its staged operational ramp-up. Management believes the agreement validates its strategy of revitalising historic mining assets to generate near-term production and cash flow.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
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Great Divide Mining Secures Long-Term Gold Concentrate Offtake Deal
Great Divide Mining Ltd (ASX: GDM) has entered into a binding 12-month gold concentrate offtake agreement with Switzerland-based MRI Trading AG for production from its Challenger Gold Mine in Adelong, New South Wales. The agreement covers 100% of Challenger’s gold concentrate production from 1 April 2026 to 30 June 2027 and establishes a reliable international export sales pathway for the Company. Under the deal, payments will be linked to prevailing LBMA gold prices, with provisional payments expected within three business days of shipment documentation. Concentrate shipments will be exported through the Port of Melbourne and delivered to international customers via Port Klang, Malaysia. The agreement supports GDM’s transition of the Challenger Gold Mine from recommissioning into sustained commercial production. The Company recently achieved first gold concentrate production and has commenced commercial shipments as part of its staged operational ramp-up. Management believes the agreement validates its strategy of revitalising historic mining assets to generate near-term production and cash flow.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au