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An announcement from Inventus Mining ( (TSE:IVS) ) is now available.
Inventus Mining Corp. has signed a milling agreement with McEwen Mining to process bulk sample material from its Pardo Gold Project at McEwen’s Stock Mill. This agreement allows Inventus to process up to 45,000 tonnes of material, with the first 5,000 tonnes expected to be processed in late July. The agreement marks a significant milestone for Inventus, as it aims to demonstrate the economic potential of its near-surface gold mineralization, potentially transforming the company and increasing shareholder value.
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 world-class mining district of Sudbury, Ontario. The company holds a 100% interest in the Pardo Paleoplacer Gold Project and the Sudbury 2.0 Critical Mineral Project, with Pardo being the first significant paleoplacer gold discovery in North America.
Average Trading Volume: 104,991
Technical Sentiment Signal: Buy
Current Market Cap: C$31.49M
For an in-depth examination of IVS stock, go to TipRanks’ Overview page.