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G2 Goldfields Inc ( (TSE:GTWO) ) has provided an update.
G2 Goldfields has delivered a maiden Preliminary Economic Assessment for its high-grade Oko Gold Project in Guyana, outlining a combined open-pit and underground mine with a 14-year life and an updated mineral resource of 1.6 million ounces of gold in the Indicated category and 1.9 million ounces in the Inferred category. The study forecasts average annual production of 281,000 ounces of gold from years two through eleven at an all-in sustaining cost of $1,137 per ounce, supported by initial capital expenditures of $664 million and sustaining capital of $366 million, and indicates robust project economics with an after-tax NPV (5%) of $2.6 billion, a 39% IRR, and a 2.6-year payback at a base gold price of $3,000 per ounce, positioning Oko as a potentially high-margin, globally competitive development project within an emerging gold district in Guyana.
The most recent analyst rating on (TSE:GTWO) stock is a Buy with a C$5.50 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 Canadian mineral exploration and development company focused on advancing high-grade gold projects in Guyana, South America. Its flagship asset is the Oko Gold Project, where the company is defining significant underground and open-pit resources in a mining-friendly jurisdiction that promotes large-scale gold operations.
Average Trading Volume: 247,944
Technical Sentiment Signal: Buy
Current Market Cap: C$1.23B
See more data about GTWO stock on TipRanks’ Stock Analysis page.