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Inventus Mining ( (TSE:IVS) ) has shared an announcement.
Inventus Mining Corp. has secured a $1.47 million pre-payment from McEwen Inc. for gold recoverable from its 007 North bulk sample at the Pardo Gold Project. This pre-payment validates the gold content of the sample and supports the company’s bulk sampling program. The Trench 1 bulk sample is nearing completion, with results expected in November, while further drilling is underway to extend gold mineralization and progress towards a maiden resource estimate. This development positions Inventus to advance its scalable, near-surface mining operations in Ontario’s premier mining district.
Spark’s Take on TSE:IVS Stock
According to Spark, TipRanks’ AI Analyst, TSE:IVS is a Neutral.
Inventus Mining’s overall stock score is primarily weighed down by severe financial weaknesses, including negative cash flows, high debt levels, and no revenue generation. The technical analysis provides some hope of a rebound, and recent corporate events suggest potential future improvements. However, significant risks remain due to poor current financial and valuation metrics.
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 mining district in Ontario. The company holds a 100% interest in the Pardo Paleoplacer Gold Project and the Sudbury 2.0 Critical Mineral Project, with the Pardo Gold Project being the first significant paleoplacer gold discovery in North America.
Average Trading Volume: 206,855
Technical Sentiment Signal: Buy
Current Market Cap: C$51.39M
Learn more about IVS stock on TipRanks’ Stock Analysis page.