it seems my core investmene NEW MURCHISON GOLD LIMITED is standing strong it this sell offNew Murchison Gold Limited (ASX:NMG) is indeed demonstrating relative resilience today, March 4, 2026, trading at$0.068.While it has seen a minor intraday dip of1.45%from its previous close, it has recovered from its daily low of $0.064 to hold steady near $0.07.Morningstar Australia +2Current Performance Snapshot (March 4, 2026)
- Last Price: $0.068 (down 1.45% intraday).
- Intraday Range: $0.064 – $0.068.
- Volume: Over 6.4 million shares traded as of midday.
- Market Cap: Approximately$738.77 million.
10:00 am10:30 am11:00 am11:30 am12:00 pm0.0650.0660.0670.0680.069Prev close $0.0694 Mar 2026 10:00 am - 12:00 pm1D5D1M6MYTD1Y5YMax
1 Open0.07 Mkt cap8.77M AUD 52-wk high0.082 High0.07 P/E ratio- 52-wk low0.013 Low0.06 Div yield-Key Factors Supporting Resilience
- Operational Momentum: NMG recently reported its first full quarter of production at theCrown Prince Gold Mine, producing22,766 ounceswith a 95.9% recovery rate.
- Strong Cash Position: The company closed the December quarter with$92 million in cash, providing significant financial flexibility.
- High-Grade Potential: Recent drilling at theLydia prospecthas extended mineralisation, with high-grade results adding to the production outlook.
- Market Outperformance: NMG has achieved a massive590% return over the last year, significantly outperforming the broaderS&P/ASX 200andAll Ordinariesindices.
Yahoo Finance Australia +5Would you like a breakdown of the latestdrilling resultsfrom the Lydia prospect or more details on theirproduction targetsfor the next quarter
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