Harvest Gold Secures Drill Permits for Mosseau Project in Quebec

An announcement from Harvest Gold ( (TSE:HVG) ) is now available.

Harvest Gold Corporation has received government approval for drill permits on its Mosseau Gold Project in Quebec’s Urban Barry Belt, marking a significant milestone in its exploration efforts. The permits allow the company to proceed with drilling in late spring/early summer, offering strategic and cost-saving benefits due to the project’s location. The approval also aligns with the company’s commitment to responsible exploration and community engagement, as it continues to work with regulatory authorities and First Nation communities.

Spark’s Take on TSE:HVG Stock

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

Harvest Gold faces significant financial challenges with no revenue and ongoing losses. Despite these issues, technical indicators indicate some short-term momentum, bolstered by positive corporate developments like project expansion. However, the stock’s valuation remains unattractive, limiting its investment appeal. The overall score reflects these mixed factors, with a need for financial improvement to enhance its prospects.

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

More about Harvest Gold

Harvest Gold Corporation is focused on exploring near-surface gold deposits and copper-gold porphyry deposits in politically stable mining jurisdictions. The company has three active gold projects in the Urban Barry area, totaling 361 claims over 18,757.4 hectares, located approximately 45-70 km west of the Gold Fields – Windfall Deposit. Harvest Gold is committed to developing positive relationships with local Indigenous communities and operates in the Eeyou Istchee-James Bay and Abitibi territories.

YTD Price Performance: 83.33%

Average Trading Volume: 189,659

Technical Sentiment Signal: Hold

Current Market Cap: C$3.49M

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