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An update from Hamak Gold Limited ( (GB:HAMA) ) is now available.
Hamak Strategy Limited reported further encouraging reverse circulation drilling results from its Akoko oxide gold project in southwestern Ghana, where 23 holes totalling 1,487 metres have so far been completed in the current 4,125-metre programme. Recent assays, including 1.87 grams per tonne of gold over 13 metres with higher-grade intervals, support the geological model of wide, near-surface mineralised horizons and broadly confirm historical drilling data.
The consistency between new and historic results may allow the inclusion of legacy drilling into an upcoming independent mineral resource estimate and preliminary economic assessment planned after the current campaign, potentially accelerating project evaluation and de-risking future mine planning. Management notes that ongoing drilling is also targeting extensions of known mineralisation, metallurgical sampling and condemnation drilling for infrastructure siting, while reminding investors that the company’s Bitcoin holdings introduce additional volatility and risk to its overall financial profile.
Spark’s Take on HAMA Stock
According to Spark, TipRanks’ AI Analyst, HAMA is a Neutral.
The score is driven primarily by weak financial performance: a pre-revenue profile with recurring losses, ongoing cash burn, and higher leverage in 2025 that increases funding risk. Technicals also weigh on the score as the stock trades below major moving averages with a negative MACD. Valuation provides limited support because the company is loss-making (negative P/E) and no dividend yield is indicated.
To see Spark’s full report on HAMA stock, click here.
More about Hamak Gold Limited
Hamak Strategy Limited is a UK-listed company focused on gold exploration in Africa, combining traditional West African gold projects with a digital asset treasury strategy that includes holding part of its reserves in Bitcoin. The company’s dual-focus model exposes shareholders to both gold exploration upside and the inherent volatility and regulatory risks of cryptoassets, which the board explicitly highlights for prospective investors.
Average Trading Volume: 1,339,846
Technical Sentiment Signal: Sell
Current Market Cap: £3.84M
Find detailed analytics on HAMA stock on TipRanks’ Stock Analysis page.