GoldQuest Raises C$42 Million as Final Tranche of Private Placement Closes

GoldQuest Mining ( (TSE:GQC) ) has provided an announcement.

GoldQuest Mining has closed the third and final tranche of its non-brokered private placement, issuing 2,744,542 units at C$1.21 per unit for gross proceeds of approximately C$3.3 million. Together with the earlier tranches, the financing totals about C$42 million and includes common shares and warrants subject to a four‑month hold period, with part of the proceeds earmarked for early development activities at the Romero project, expanded greenfield exploration drilling, and general corporate purposes, underscoring the company’s push to advance its Dominican Republic portfolio.

The most recent analyst rating on (TSE:GQC) stock is a Hold with a C$1.50 price target. To see the full list of analyst forecasts on GoldQuest Mining stock, see the TSE:GQC Stock Forecast page.

Spark’s Take on TSE:GQC Stock

According to Spark, TipRanks’ AI Analyst, TSE:GQC is a Neutral.

The score is held down primarily by weak financial performance (no revenue, widening losses, and negative free cash flow indicating reliance on financing). Offsetting this, technicals are constructive with strong trend and positive momentum, while valuation remains challenged due to ongoing losses and no dividend support.

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

More about GoldQuest Mining

GoldQuest Mining Corp. is a Canadian mineral exploration and development company focused on advancing gold and copper assets in the Dominican Republic. The company benefits from strong participation by Dominican investors and is led by a board and management team with prior experience developing and operating a mine in the country.

Average Trading Volume: 312,670

Technical Sentiment Signal: Buy

Current Market Cap: C$559.4M

See more insights into GQC stock on TipRanks’ Stock Analysis page.