De Grey Mining (ASX: DEG) targets first gold production in second-half of 2026.

Mon 15 Jul 24, 11:49 PM | Team Kalkine

Image source: © Tepic | Megapixl.com

Highlights

De Grey Mining Limited (ASX: DEG) is an Australia based gold exploration and project development company with focus on Western Australia. The company is actively progressing its Hemi Gold Project, located in Pilbara.

In the first half of the financial year 2024 (1HFY24), total revenue of DEG shot up by 421.13% YoY to AUD 6.62 million and receipts from customers increased by 12.79% YoY to AUD 0.18 million. The period saw a 5.68% YoY fall in losses from AUD 7.44mn in 1HFY23 to AUD 7.02mn in 1HFY24.

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