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Apollo Gold ( (TSE:APGO) ) has issued an update.
Apollo Silver Corp. congratulates Equinox Gold Corp. on the acceptance of its Castle Mountain Project into the US FAST-41 program, which aims to streamline and derisk the permitting process. This development is significant for Apollo’s Calico Project in San Bernardino County, highlighting government efforts to accelerate domestic mine development, potentially benefiting Apollo’s operations and positioning in the industry.
Spark’s Take on TSE:APGO Stock
According to Spark, TipRanks’ AI Analyst, TSE:APGO is a Underperform.
Apollo Gold’s overall stock score reflects significant financial challenges, notably the lack of revenue and persistent losses. While technical indicators show some positive trends, they are offset by poor valuation metrics. Recent corporate events suggest strategic improvements, yet their immediate impact remains uncertain.
To see Spark’s full report on TSE:APGO stock, click here.
More about Apollo Gold
Apollo Silver Corp. is advancing one of the largest undeveloped primary silver projects in the US, with its Calico Project hosting a large silver deposit and significant barite credits, essential to the US energy and medical sectors. Additionally, the company has optioned the Cinco de Mayo project in Chihuahua, Mexico, known for its high-grade, large-tonnage CRD deposit.
Average Trading Volume: 639,203
Technical Sentiment Signal: Buy
Current Market Cap: C$106.7M
For detailed information about APGO stock, go to TipRanks’ Stock Analysis page.