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The latest announcement is out from Golden Spike Resources Corp ( (TSE:GLDS) ).
Golden Spike Resources reported 2025 soil sampling results from the Lower Mitchell, Steep Brook North and Vein Zone East target areas at its Gregory River Copper-Gold Property in western Newfoundland, outlining a 600-metre-long, multi-element gold-zinc-copper-arsenic soil anomaly at Lower Mitchell that remains open to the southwest, with individual soil samples returning up to 885 ppb gold, 1,520 ppm zinc, 1,797 ppm copper and more than 10,000 ppm arsenic. The anomaly coincides with previously reported anomalous drill intersections and, together with new copper and gold soil anomalies along a 2.6-kilometre trend at Steep Brook North, significantly upgrades the exploration potential of these zones, giving the company multiple new drill targets and strengthening its position within the Gregory River VMS corridor as it plans additional work including diamond drilling.
The most recent analyst rating on (TSE:GLDS) stock is a Hold with a C$0.04 price target. To see the full list of analyst forecasts on Golden Spike Resources Corp stock, see the TSE:GLDS Stock Forecast page.
Spark’s Take on TSE:GLDS Stock
According to Spark, TipRanks’ AI Analyst, TSE:GLDS is a Neutral.
The score is primarily held back by a pre-revenue profile with recurring losses and cash burn, despite a debt-free balance sheet and growing equity base. Technicals are mixed with negative MACD and longer-term moving averages above the current price, and valuation is constrained by a negative P/E and lack of dividend yield.
To see Spark’s full report on TSE:GLDS stock, click here.
More about Golden Spike Resources Corp
Golden Spike Resources Corp. is a mineral exploration company focused on advancing its 100%-owned Gregory River Copper-Gold Property in western Newfoundland. The company targets volcanogenic massive sulphide and polymetallic systems, exploring for copper, gold, zinc and associated metals through drilling, soil sampling and prospecting across multiple zones on the property.
Average Trading Volume: 212,855
Technical Sentiment Signal: Sell
Current Market Cap: C$2.35M
For detailed information about GLDS stock, go to TipRanks’ Stock Analysis page.