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The latest announcement is out from Globex Mining Ent ( (TSE:GMX) ).
Globex Mining Enterprises reported early drilling results from Emperor Metals’ 2025–2026 exploration campaign at the Duquesne West gold project, where Emperor is in the third year of a five-year option. Initial holes DQ25-01 and DQ25-02 confirm broad zones of low-grade, near-surface gold mineralization alongside higher-grade lenses, adding about 7% of planned new drilling data to refine the geological model.
The program targets 15,000 metres of new drilling and 8,000 metres of historical core resampling to expand on the project’s current inferred resource of 1.46 million ounces of gold and to test both open-pit and underground mining scenarios. By infilling historically under-sampled areas and delineating bulk-tonnage zones around the higher-grade core, the work aims to grow ounces and improve project economics at a time when strong gold prices make lower-grade open-pit material potentially more attractive for development.
The most recent analyst rating on (TSE:GMX) stock is a Buy with a C$3.00 price target. To see the full list of analyst forecasts on Globex Mining Ent stock, see the TSE:GMX Stock Forecast page.
Spark’s Take on TSE:GMX Stock
According to Spark, TipRanks’ AI Analyst, TSE:GMX is a Neutral.
The score is primarily held back by mixed financial quality—negative TTM EBIT and negative operating/free cash flow—despite a very conservative, low-debt balance sheet. Technicals are supportive due to a strong uptrend, but overbought readings increase near-term reversal risk. Valuation is moderate-to-stretched (P/E ~25.4) with no dividend support.
To see Spark’s full report on TSE:GMX stock, click here.
More about Globex Mining Ent
Globex Mining Enterprises Inc. is a North America-focused mining company that acquires, explores, and advances mineral properties, with a significant interest in gold assets. Through its 50% ownership of Duparquet Assets Ltd., Globex holds a stake in the Duquesne West gold project in Quebec, which is being advanced under an option agreement by Emperor Metals Inc. toward a potential multi-million-ounce resource.
Average Trading Volume: 65,799
Technical Sentiment Signal: Buy
Current Market Cap: C$146.1M
For an in-depth examination of GMX stock, go to TipRanks’ Overview page.