Amigo Launches Early-Stage Gold Exploration Push in Tanzania

Amigo Holdings PLC ( (GB:AMGO) ) has shared an announcement.

Amigo Holdings PLC has provided a corporate update on its strategic pivot toward gold and rare earth mining in Africa, confirming early-stage exploration activity in Tanzania’s Mara Region within the Lake Victoria goldfields district. Working with Dubai-based technical partner AK Corporation, the company is deploying advanced satellite-based hyperspectral imaging, soil and rock geochemical testing, and passive micro-seismic surveys to map subsurface structures and identify potential gold-bearing zones before committing capital to specific projects. The approach is designed to reduce exploration risk and cost by generating detailed 2D and 3D structural models and focusing any future trenching and drilling on drill-ready targets. Amigo emphasized that no specific investments have yet been identified or agreed and said it will update investors as the exploration programme progresses, underlining the early and exploratory nature of its new mining-focused strategy.

The most recent analyst rating on (GB:AMGO) stock is a Hold with a £0.80 price target. To see the full list of analyst forecasts on Amigo Holdings PLC stock, see the GB:AMGO Stock Forecast page.

Spark’s Take on GB:AMGO Stock

According to Spark, TipRanks’ AI Analyst, GB:AMGO is a Neutral.

The score is held down primarily by very weak financial performance—especially the 2025 cash burn and revenue collapse—despite low reported debt. Technicals are supportive in the near term (price above key moving averages and positive MACD), but overbought signals temper that strength. Corporate events are mixed (fundraising and insider buying vs. subsidiary liquidations and strategic uncertainty), while valuation offers limited support due to losses and no dividend.

To see Spark’s full report on GB:AMGO stock, click here.

More about Amigo Holdings PLC

Amigo Holdings PLC is a public limited company registered in England and Wales and listed on the Official List of the London Stock Exchange. The company, which previously operated in consumer finance, is repositioning itself to focus on gold and rare earth mining opportunities in Africa, particularly in Tanzania and Mauritania.

Average Trading Volume: 4,634,341

Technical Sentiment Signal: Buy

Current Market Cap: £5.52M

See more insights into AMGO stock on TipRanks’ Stock Analysis page.