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G2 Goldfields Inc ( (TSE:GTWO) ) has shared an announcement.
G2 Goldfields Inc. has announced significant progress in its drilling program at the New Oko Discovery in Guyana, extending gold mineralization 200 meters down plunge and confirming high-grade gold near the surface. These developments are expected to be reflected in an updated Mineral Resource Estimate and Preliminary Economic Assessment by Q4 2025, potentially establishing a significant new gold mine in the region.
The most recent analyst rating on (TSE:GTWO) stock is a Buy with a C$4.00 price target. To see the full list of analyst forecasts on G2 Goldfields Inc stock, see the TSE:GTWO Stock Forecast page.
Spark’s Take on TSE:GTWO Stock
According to Spark, TipRanks’ AI Analyst, TSE:GTWO is a Neutral.
G2 Goldfields Inc. scores a 58, reflecting mixed financial performance with significant operational challenges and negative cash flows. Despite these financial hurdles, technical analysis indicates slight upward momentum, and positive corporate developments in exploration and resource expansion provide potential for future growth. The valuation remains a concern due to ongoing losses, but strategic corporate actions and strengthening of the executive team offer a foundation for potential improvement.
To see Spark’s full report on TSE:GTWO stock, click here.
More about G2 Goldfields Inc
G2 Goldfields Inc. is a company operating in the mining industry, focusing on gold exploration and development. The company holds exploration rights in the OKO-AREMU district in Guyana, with a significant focus on the New Oko Discovery Area, which represents their third major gold discovery.
Average Trading Volume: 295,812
Technical Sentiment Signal: Buy
Current Market Cap: C$800.7M
See more data about GTWO stock on TipRanks’ Stock Analysis page.