GDM signs gold offtake deal with MRI Trading

Great Divide Mining (GDM) has signed a 12-month binding offtake statement with MRI Trading for purchasing golden ore from the Challenger Gold Mine successful Adelong, New South Wales.

The statement covers each golden ore accumulation from the tract from 1 April 2026 until 30 June 2027.

Under the presumption of the agreement, MRI Trading, which has been progressive successful planetary commodity trading for implicit 2 decades, volition bargain 100% of the golden ore produced from Challenger during the declaration period.

Production volumes are estimated to beryllium betwixt 26 and 52 bedewed metric tonnes each week connected an annualised ground arsenic mining operations proceed to standard up.

GDM volition person payments for a important proportionality of the golden contained successful each shipment, with pricing linked to the London Bullion Market Association’s prevailing benchmark rates.

The institution volition besides person a provisional outgo wrong 3 concern days of shipping documentation being finalised, successful enactment with manufacture practices.

Shipments volition beryllium sent successful astir 25t containers to planetary customers via Port Klang, Malaysia.

Gold ore from the Challenger tract volition beryllium transported overseas utilizing instrumentality shipments done the Port of Melbourne.

The Challenger Processing Plant, portion of the Challenger Gold Mine, precocious achieved its archetypal accumulation of golden ore and has started commercialized shipments arsenic portion of a phased ramp-up to continuous operation.

GDM stated it is continuing to instrumentality operational improvements astatine Challenger, arsenic good arsenic process historical mineralised excavation discarded astatine the surface.

GDM CEO Justin Haines said: “Securing a semipermanent planetary offtake statement represents an important measurement successful transitioning Challenger from recommissioning into sustained commercialized operation.

“The statement establishes a wide export pathway for Challenger golden ore and supports the company’s staged operational ramp-up.”

"GDM signs golden offtake woody with MRI Trading" was primitively created and published by Mining Technology, a GlobalData owned brand.

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