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Ashley Gold Corp. ( (TSE:ASHL) ) has shared an announcement.
Ashley Gold Corp. has begun core cutting on its 2025 drill program at the Howie Project and has reached an agreement to reduce the net smelter return royalties on both the Howie Project and the Burnthut Main Block to zero through the issuance of 400,000 shares to the vendor. The move significantly enhances the economic attractiveness and flexibility of these Dryden-area properties—situated adjacent to established gold projects—by eliminating a key cost burden and positioning them more favorably for further exploration, potential development, or future portfolio streamlining, while ongoing drilling at Howie continues to validate complex mineralized systems beneath overburden.
The most recent analyst rating on (TSE:ASHL) stock is a Hold with a C$0.07 price target. To see the full list of analyst forecasts on Ashley Gold Corp. stock, see the TSE:ASHL Stock Forecast page.
Spark’s Take on TSE:ASHL Stock
According to Spark, TipRanks’ AI Analyst, TSE:ASHL is a Neutral.
The score is primarily held down by weak financial performance (no revenue, recurring losses, and ongoing cash burn with declining equity). Technical indicators are broadly neutral and do not offset the fundamental risk. Corporate updates and financings are constructive for advancing exploration, but they do not yet translate into operating profitability or self-funding capacity.
To see Spark’s full report on TSE:ASHL stock, click here.
More about Ashley Gold Corp.
Ashley Gold Corp. is a Canadian mineral exploration company focused on gold projects in Ontario’s Dryden area, including the Howie and Burnthut properties. The company targets high-potential assets near existing deposits and advanced projects, such as Dynasty Gold’s Thundercloud Project and NexGold Mining Corp.’s Goliath Gold Complex, aiming to unlock value through drilling, geological interpretation and portfolio optimization.
Average Trading Volume: 164,860
Technical Sentiment Signal: Buy
Current Market Cap: C$5.34M
For a thorough assessment of ASHL stock, go to TipRanks’ Stock Analysis page.