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
Galway Metals ( (TSE:GWM) ) just unveiled an update.
Galway Metals has released an independent Preliminary Economic Assessment for its Estrades gold-zinc-copper-silver project in Québec, outlining an 8-year underground mine life and a primary toll-milling development scenario that yields a 33% after-tax IRR and C$212 million NPV at a 5% discount rate under long-term consensus metal prices, with returns rising to a 61% IRR and C$518 million NPV at spot prices. The study highlights initial capital of C$117 million for the toll-mill route, all-in sustaining costs of US$1,987 per ounce of gold and strong leverage to current record-high gold prices, while management simultaneously advances both toll-milling and build-own-mill options and embarks, with funding support from partner Dowa Metals and Mining, on geophysics, drilling to expand the deposit at depth and to the west, and metallurgical optimization to further enhance project economics.
The most recent analyst rating on (TSE:GWM) stock is a Hold with a C$0.89 price target. To see the full list of analyst forecasts on Galway Metals stock, see the TSE:GWM Stock Forecast page.
Spark’s Take on TSE:GWM Stock
According to Spark, TipRanks’ AI Analyst, TSE:GWM is a Neutral.
The score is held back mainly by weak financial performance (pre-revenue, widening losses and negative cash flow), partly offset by a low-debt balance sheet. Technicals are strong with clear trend support above key moving averages, while valuation is constrained by negative earnings and no stated dividend yield. Recent financings and positive drilling results add support by improving funding visibility and exploration upside.
To see Spark’s full report on TSE:GWM stock, click here.
More about Galway Metals
Galway Metals Inc. is a mineral exploration and development company focused on its 100%-owned Estrades polymetallic project in the Abitibi region of northwestern Québec, targeting high-grade gold, zinc, copper and silver. The company is evaluating both toll-milling and on-site processing options to bring Estrades into production, positioning itself as a potential low-cost producer with leverage to rising precious and base metal prices.
Average Trading Volume: 683,632
Technical Sentiment Signal: Buy
Current Market Cap: C$88.85M
See more data about GWM stock on TipRanks’ Stock Analysis page.