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The latest announcement is out from Goldshore Resources ( (TSE:AUXX) ).
Gold X2 Mining has delivered a Preliminary Economic Assessment and updated Mineral Resource Estimate for its Moss Gold Project in Ontario, outlining the potential for the operation to rank among Canada’s top 10 gold mines by production, with estimated average annual output of about 265,000 ounces of gold and 374,000 ounces of silver over an initial 13.2-year mine life. The study indicates robust economics, including an after-tax NPV (5%) of $2.23 billion, an internal rate of return of 22.1% and a 3.2-year payback at a base-case gold price, supported by projected all-in sustaining costs of US$1,188 per ounce and initial capex of C$2.0 billion; an updated resource shows a 73% increase in indicated ounces, and management sees room to further extend mine life and improve project economics through mine scheduling, metallurgical optimization and additional drilling around the existing open-pit shell.
Spark’s Take on TSE:AUXX Stock
According to Spark, TipRanks’ AI Analyst, TSE:AUXX is a Neutral.
Goldshore Resources’ stock score is primarily influenced by its financial performance, reflecting the typical challenges of an exploration-stage mining company with no revenue and ongoing losses. The technical analysis shows some short-term positive momentum, but valuation remains unattractive due to negative earnings. The corporate event involving Moss Genomics does not impact this score.
To see Spark’s full report on TSE:AUXX stock, click here.
More about Goldshore Resources
Gold X2 Mining Inc. is a Canadian mineral exploration and development company focused on advancing its 100%-owned Moss Gold Project in Ontario, targeting large-scale, open pit gold and silver production within a well-serviced mining jurisdiction. The company operates in the precious metals sector, aiming to develop Moss into a top-tier Canadian gold mine leveraging nearby highway and power infrastructure to support long-life, low-cost operations.
YTD Price Performance: 41.79%
Average Trading Volume: 770,223
Technical Sentiment Signal: Buy
Current Market Cap: C$469.2M
For a thorough assessment of AUXX stock, go to TipRanks’ Stock Analysis page.