Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Freegold Ventures ( (TSE:FVL) ) has issued an update.
Freegold Ventures has outlined its 2026 work program for the Golden Summit project after a year in which it expanded the mineral resource to 17.2 million ounces of indicated and 11.9 million ounces of inferred gold and completed over 39,000 metres of drilling. Armed with a recent $50 million equity financing and strong institutional backing, the company plans a 50,000-metre drill campaign focused on higher‑grade starter‑pit corridors in the central Dolphin/Cleary/WOW areas and the newly discovered Tamarack Zone, while also testing the gap between Tamarack and the Cleary Hill Zone to potentially expand the deposit footprint. In parallel, Freegold is advancing metallurgical studies that have already demonstrated gold recoveries above 90% using several oxidation processes and a simple gravity step, seeking to further optimize recoveries and derisk project economics. These efforts, combined with evaluation of staged development scenarios, are aimed at delivering a more robust, de‑risked mineral resource and completing a pre‑feasibility study by early 2027, reinforcing Golden Summit’s positioning as a large, long‑life gold project with phased development potential.
The most recent analyst rating on (TSE:FVL) stock is a Hold with a C$1.50 price target. To see the full list of analyst forecasts on Freegold Ventures stock, see the TSE:FVL Stock Forecast page.
Spark’s Take on TSE:FVL Stock
According to Spark, TipRanks’ AI Analyst, TSE:FVL is a Neutral.
The score is held back primarily by the lack of revenue, ongoing losses, and negative free cash flow, despite improvement versus prior periods. This is partially mitigated by an extremely low-debt balance sheet and moderately positive technical trend support; valuation remains constrained by a negative P/E and no dividend data.
To see Spark’s full report on TSE:FVL stock, click here.
More about Freegold Ventures
Freegold Ventures is a mineral exploration and development company focused on advancing its Golden Summit gold project in Interior Alaska. The project hosts one of the largest undeveloped gold resources in North America, with significant indicated and inferred ounces and a large lower-grade halo that provides optionality in a rising gold price environment.
Average Trading Volume: 668,043
Technical Sentiment Signal: Buy
Current Market Cap: C$902.7M
Learn more about FVL stock on TipRanks’ Stock Analysis page.