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Inventus Mining ( (TSE:IVS) ) just unveiled an announcement.
Inventus Mining has secured a CAD$2.1 million non-dilutive gold pre-payment from McEwen Inc. linked to a portion of the estimated recoverable gold from its 10,128-tonne Trench 1 bulk sample at the Pardo Gold Project, with processing at McEwen’s Stock Mill slated to begin before the end of January. The funding bolsters the company’s balance sheet and supports continued bulk sampling and exploration, including extraction of an additional 10,000-tonne bulk sample from Trench 1 North by the end of March and the restart of its Phase 2 resource drilling program, where results from 94 completed holes are expected shortly as Inventus works toward a maiden resource estimate and positions itself as a de-risking, low-dilution junior gold developer.
The most recent analyst rating on (TSE:IVS) stock is a Hold with a C$0.28 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 back primarily by weak financial performance (no revenue, ongoing losses, and significant cash burn), only partially mitigated by zero debt. Technicals are slightly constructive but mixed (mild uptrend with overbought Stoch and slightly negative MACD). Valuation support is limited by a negative P/E and no dividend, while recent corporate updates provide a positive near-term catalyst backdrop.
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, where it holds a 100% interest in the Pardo Paleoplacer Gold Project and the Sudbury 2.0 Critical Mineral Project. The Pardo Gold Project, located about 65 km northeast of Sudbury, is recognized as the first significant paleoplacer gold discovery in North America, and the company is advancing it as a near-surface, potentially scalable gold operation in a Tier-1 jurisdiction.
Average Trading Volume: 115,276
Technical Sentiment Signal: Buy
Current Market Cap: C$53.01M
Learn more about IVS stock on TipRanks’ Stock Analysis page.