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Inventus Mining ( (TSE:IVS) ) has shared an update.
Inventus Mining has begun processing 5,000 tonnes of its Trench 1 bulk sample at McEwen Inc.’s Stock Mill and is advancing a separate 10,000-tonne Trench 1 North bulk sample at its wholly owned Pardo “River of Gold” Project northeast of Sudbury, with waste removal completed and extraction of exposed gold mineralization set to start shortly. In parallel, Phase 2 drilling continues to delineate the flat-lying gold mineralization, with seven additional holes completed for a total of 47 holes awaiting assays, as the company follows a staged drilling strategy to validate grades, assess metallurgical performance, and support an initial resource estimate that could underpin future development and production at Pardo.
The most recent analyst rating on (TSE:IVS) stock is a Sell with a C$0.33 price target. To see the full list of analyst forecasts on Inventus Mining stock, see the TSE:IVS Stock Forecast page.
Spark’s Take on TSE:IVS Stock
According to Spark, TipRanks’ AI Analyst, TSE:IVS is a Neutral.
The score is held down primarily by very weak financial performance (no revenue, recurring losses, and significant cash burn), which implies continued reliance on external funding. Technicals are a partial offset with an uptrend and positive MACD, but overbought indicators (high RSI/Stoch) add near-term risk, and valuation remains unattractive given negative earnings and no dividend yield support.
To see Spark’s full report on TSE:IVS stock, click here.
More about Inventus Mining
Inventus Mining Corp. is a mineral exploration and development company focused on the Sudbury, Ontario mining district, where it holds a 100% interest in the Pardo Paleoplacer Gold Project and the Sudbury 2.0 Critical Mineral Project. Pardo is noted as the first significant paleoplacer gold discovery in North America, positioning Inventus as an early mover in a niche style of gold mineralization within a well-established mining region.
Average Trading Volume: 118,710
Technical Sentiment Signal: Buy
Current Market Cap: C$72.75M
For an in-depth examination of IVS stock, go to TipRanks’ Overview page.