Kenorland Minerals Announces 2.55 Million Ounce Gold Resource at Frotet Project

Kenorland Minerals ( (TSE:KLD) ) has shared an update.

Kenorland Minerals Ltd. has announced a maiden inferred mineral resource of 14.5 million tonnes at a grade of 5.47 g/t gold, totaling 2.55 million ounces, at the Regnault gold deposit within the Frotet Project in Quebec. This significant discovery, achieved in under five years, underscores Kenorland’s strategic position in the mining sector, with the project remaining open for further exploration and potential resource expansion. The announcement highlights the project’s potential to drive long-term value for Kenorland’s stakeholders, with the Frotet Royalty standing as a high-quality asset in the junior mining sector.

The most recent analyst rating on (TSE:KLD) stock is a Hold with a C$2.00 price target. To see the full list of analyst forecasts on Kenorland Minerals stock, see the TSE:KLD Stock Forecast page.

Spark’s Take on TSE:KLD Stock

According to Spark, TipRanks’ AI Analyst, TSE:KLD is a Neutral.

Kenorland Minerals’ overall stock score is driven by strong technical indicators and positive corporate events, which are offset by financial challenges and valuation concerns. The company’s exploration activities and strategic partnerships present potential growth opportunities, but financial and profitability issues need to be addressed.

To see Spark’s full report on TSE:KLD stock, click here.

More about Kenorland Minerals

Kenorland Minerals Ltd. is a company operating in the mining industry, focusing on the exploration and development of mineral resources. The company holds a 4% NSR royalty on the Frotet Project in Quebec, which is 100% owned and operated by Sumitomo Metal Mining Canada Ltd.

Average Trading Volume: 47,770

Technical Sentiment Signal: Buy

Current Market Cap: C$182M

Learn more about KLD stock on TipRanks’ Stock Analysis page.