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An update from Desert Gold Ventures ( (TSE:DAU) ) is now available.
Desert Gold Ventures Inc. has launched a non-brokered private placement to raise up to CAD$5 million through the issuance of up to 62.5 million units at C$0.08 per unit, each comprising one common share and half a warrant exercisable at C$0.12 for 24 months. The company plans to use the proceeds to commission the first phase of its gravity plant at the fully permitted Barani East gold oxide project in West Mali, and to fund resource expansion and exploration drilling at its SMSZ Project in Mali and Tiegba project in Côte d’Ivoire, as well as for general working capital, underscoring its drive to advance key West African gold assets and potentially enhance its exploration profile and project pipeline.
The most recent analyst rating on (TSE:DAU) stock is a Hold with a C$0.08 price target. To see the full list of analyst forecasts on Desert Gold Ventures stock, see the TSE:DAU Stock Forecast page.
Spark’s Take on TSE:DAU Stock
According to Spark, TipRanks’ AI Analyst, TSE:DAU is a Neutral.
The score is held down primarily by weak financial performance (no revenue, ongoing losses, and negative/accelerating free cash flow with a shrinking equity cushion). Offsetting factors include supportive technical trends (price above major moving averages with positive MACD) and a meaningful positive corporate update (enhanced PEA with improved projected project economics). Valuation remains a headwind given the negative P/E and lack of dividend yield.
To see Spark’s full report on TSE:DAU stock, click here.
More about Desert Gold Ventures
Desert Gold Ventures is a gold exploration company focused on West Africa, controlling properties in Mali and Côte d’Ivoire. Its portfolio includes the 440 km² SMSZ Project in western Mali and the newly optioned 297 km² Tiegba gold project in western Côte d’Ivoire, both situated within the prolific Birimian greenstone belt, a region known for significant gold deposits.
Average Trading Volume: 181,685
Technical Sentiment Signal: Buy
Current Market Cap: C$22.99M
See more insights into DAU stock on TipRanks’ Stock Analysis page.