GoldMining Inc. Launches Extensive Drilling at São Jorge Project in Brazil

GoldMining ( (TSE:GOLD) ) has shared an update.

GoldMining Inc. has commenced an extensive exploration drilling program at its São Jorge Project in Brazil’s Tapajós gold district. The program, which is the most extensive to date for the company, involves two diamond core drills and aims to expand the known limits of the São Jorge deposit. The project benefits from excellent infrastructure, facilitating rapid exploration activities, and is supported by a strong safety and sustainability culture. The exploration targets potential extensions of the deposit and new areas of mineralization, indicating a large mineral system within the company’s extensive property.

The most recent analyst rating on (TSE:GOLD) stock is a Buy with a C$2.60 price target. To see the full list of analyst forecasts on GoldMining stock, see the TSE:GOLD Stock Forecast page.

Spark’s Take on TSE:GOLD Stock

According to Spark, TipRanks’ AI Analyst, TSE:GOLD is a Underperform.

GoldMining’s overall score reflects significant financial struggles with zero revenue and consistent losses. The technical indicators show a bearish trend, and the negative P/E ratio highlights poor valuation. These factors combine to provide a low attractiveness score.

To see Spark’s full report on TSE:GOLD stock, click here.

More about GoldMining

GoldMining Inc. is a public mineral exploration company focused on acquiring and developing gold assets in the Americas. It has a diversified portfolio of resource-stage gold and gold-copper projects across Canada, the U.S.A., Brazil, Colombia, and Peru. The company also holds significant shares in Gold Royalty Corp. and U.S. GoldMining Inc.

Average Trading Volume: 128,025

Technical Sentiment Signal: Sell

Current Market Cap: C$207.8M

See more data about GOLD stock on TipRanks’ Stock Analysis page.