Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Kavango Resources ( (GB:KAV) ) has provided an update.
Kavango Resources has completed a 7,714-metre reverse circulation and diamond drilling programme at the historic Bill’s Luck Gold Mine in Zimbabwe’s Hillside Project, reporting multiple high-grade gold intersections across several parallel mineralised reefs. The company will now use these results to prepare a maiden Mineral Resource Estimate for Bill’s Luck, which is expected to underpin detailed mine planning and support a planned ramp-up of ore supply to its nearing-commissioning 50 tonne-per-day pilot carbon-in-pulp processing plant, marking a key step towards establishing consistent and scalable gold production and strengthening its position in Zimbabwe’s structurally controlled gold sector; the firm also clarified that its assay provider, Performance Laboratories in Harare, is ISO/IEC 17025:2017 accredited, confirming the reliability of previously reported assay data.
The most recent analyst rating on (GB:KAV) stock is a Sell with a £0.71 price target. To see the full list of analyst forecasts on Kavango Resources stock, see the GB:KAV Stock Forecast page.
Spark’s Take on GB:KAV Stock
According to Spark, TipRanks’ AI Analyst, GB:KAV is a Neutral.
The score is held down primarily by weak financial performance—large operating losses and significant cash burn despite only early-stage revenue—partly offset by a balance sheet with positive equity and moderate leverage. Technicals are mixed with neutral momentum and short-term stabilization, while valuation is difficult to support due to a negative P/E and no dividend yield provided.
To see Spark’s full report on GB:KAV stock, click here.
More about Kavango Resources
Kavango Resources is a Southern Africa-focused metals exploration and gold production company, listed in London and Victoria Falls, with operations concentrated in Zimbabwe. The group is targeting both open-pit and underground gold deposits that can be rapidly brought into commercial-scale, mechanised production, including multiple prospects within its Hillside Gold Project such as Bill’s Luck, Nightshift and Steenbok.
YTD Price Performance: 3.45%
Average Trading Volume: 2,033,713
Technical Sentiment Signal: Hold
Current Market Cap: £26.15M
For detailed information about KAV stock, go to TipRanks’ Stock Analysis page.