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The latest update is out from Freeman Gold Corp ( (TSE:FMAN) ).
Freeman Gold Corp. has released an updated mineral resource estimate for its Lemhi Gold Deposit in Idaho, reporting pit-constrained measured and indicated resources of 1.22 million ounces of gold at an average grade of 0.79 g/t within 48.31 million tonnes, plus 240,000 inferred ounces at 0.70 g/t. The 2025 drilling program, focused on patented claims within the existing pit shell, increased measured and indicated resources by 233,000 ounces and upgraded a portion of previously inferred resources, while confirming that the deposit remains open in several directions; the company plans to advance the project toward a feasibility study, underscoring Lemhi’s growing scale and potential economic significance in a supportive gold price environment.
The most recent analyst rating on (TSE:FMAN) stock is a Hold with a C$0.22 price target. To see the full list of analyst forecasts on Freeman Gold Corp stock, see the TSE:FMAN Stock Forecast page.
Spark’s Take on TSE:FMAN Stock
According to Spark, TipRanks’ AI Analyst, TSE:FMAN is a Neutral.
The score is held back primarily by weak financial performance (no revenue, widening losses, and continued cash burn). Offsetting factors include improving technical trend and several positive project milestones (metallurgy, drilling, feasibility advancement, strategic investor), while valuation remains constrained by negative earnings and no dividend support.
To see Spark’s full report on TSE:FMAN stock, click here.
More about Freeman Gold Corp
Freeman Gold Corp. is a gold exploration and development company focused on advancing its 100%-owned Lemhi Gold Deposit in Idaho, USA. The project targets open-pit, heap-leach style gold production using conventional low-cost carbon-in-leach processing, positioning the company within the North American junior gold mining sector with leverage to prevailing gold prices.
Average Trading Volume: 522,416
Technical Sentiment Signal: Buy
Current Market Cap: C$126.1M
Find detailed analytics on FMAN stock on TipRanks’ Stock Analysis page.