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Allegiant Gold ( (TSE:AUAU) ) has shared an announcement.
A2Gold Corp. has launched a fully funded 30,000‑metre reverse circulation drill program at its Eastside Gold-Silver Project in Nevada, significantly expanding a previously planned 18,000‑metre campaign. The year-long program, run with multiple rigs, will combine step-out and infill drilling in known mineralized zones with exploration of new high-priority targets, including efforts to test continuity of mineralization between the McIntosh and Castle deposits, underscoring the company’s technical confidence in Eastside and its strategy to grow and upgrade resources at this district-scale asset.
The most recent analyst rating on (TSE:AUAU) stock is a Hold with a C$1.00 price target. To see the full list of analyst forecasts on Allegiant Gold stock, see the TSE:AUAU Stock Forecast page.
Spark’s Take on TSE:AUAU Stock
According to Spark, TipRanks’ AI Analyst, TSE:AUAU is a Neutral.
The score is held back primarily by weak financial performance (no revenue, operating losses, and sustained negative operating/free cash flow) despite a strong low-debt balance sheet. Technicals are supportive with an established uptrend, but overbought signals raise near-term risk. Valuation is also constrained by losses and the absence of a dividend.
To see Spark’s full report on TSE:AUAU stock, click here.
More about Allegiant Gold
A2Gold Corp. is a Nevada-focused precious metals explorer that owns three highly prospective gold projects in the United States, led by its flagship Eastside Gold-Silver Project in Esmeralda County. Eastside hosts an inferred resource of approximately 1.4 million ounces of gold and 8.8 million ounces of silver across a 92 km² land package within the Walker Lane Trend, with mineralization open in all directions and preliminary metallurgical work indicating that both oxide and sulphide mineralization are amenable to heap leaching.
YTD Price Performance: 37.80%
Average Trading Volume: 91,099
Technical Sentiment Signal: Buy
Current Market Cap: C$107.5M
Find detailed analytics on AUAU stock on TipRanks’ Stock Analysis page.