Benton Reports Up to 88.4% Gold Recoveries in First Metallurgy Tests at South Pond

Benton Resources ( (TSE:BEX) ) has shared an update.

Benton Resources reported preliminary metallurgical test results from its South Pond gold-copper deposit, showing laboratory gold recoveries of up to 88.4% from a 20 kg composite sample tested by SGS Canada using standard bottle-roll cyanidation over 24 hours. The company views these first-pass recoveries as highly encouraging for the project’s future and a key step in advancing South Pond alongside the nearby Great Burnt deposit, where prior SGS work indicated potential plant performance of a 25% copper concentrate at 96% recovery, supporting Benton’s efforts to grow and de-risk its Newfoundland gold-copper portfolio.

The most recent analyst rating on (TSE:BEX) stock is a Hold with a C$0.11 price target. To see the full list of analyst forecasts on Benton Resources stock, see the TSE:BEX Stock Forecast page.

Spark’s Take on TSE:BEX Stock

According to Spark, TipRanks’ AI Analyst, TSE:BEX is a Neutral.

The score is driven primarily by strong balance sheet leverage profile (no debt) but is held back by weak operating performance and negative TTM cash flows with no reported revenue. Technicals are supportive with a clear uptrend and moderate positive momentum, while valuation provides limited input due to missing P/E and dividend data.

To see Spark’s full report on TSE:BEX stock, click here.

More about Benton Resources

Benton Resources Inc. is a Canadian mineral exploration company focused on advancing its Great Burnt and South Pond gold-copper deposits in central Newfoundland. The company targets gold and copper systems and is working to define the metallurgical characteristics and economic potential of these assets through systematic drilling and laboratory testwork.

Average Trading Volume: 203,005

Technical Sentiment Signal: Buy

Current Market Cap: C$25.63M

See more data about BEX stock on TipRanks’ Stock Analysis page.