Kestrel Gold Continues Exploration Partnership with Centerra Gold at QCM Property

An update from Kestrel Gold ( (TSE:KGC) ) is now available.

Kestrel Gold Inc. announced that Centerra Gold Inc. will continue its exploration efforts for a second year on Kestrel’s QCM gold property in British Columbia. Centerra aims to earn a 75% interest in the property by investing $6.5 million in exploration, including significant drilling activities. The approved budget for this year’s exploration is $3 million, focusing on the Main Zone and 14 Vein areas. This partnership validates the potential of the QCM property and could significantly enhance value for Kestrel’s shareholders.

Spark’s Take on TSE:KGC Stock

According to Spark, TipRanks’ AI Analyst, TSE:KGC is a Underperform.

Kestrel Gold’s stock score is weighed down by significant financial challenges and poor valuation, with ongoing losses and lack of revenue generation. However, recent positive drilling results offer a glimmer of hope for future potential. The technical analysis suggests a bearish trend, adding to the cautious outlook.

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

More about Kestrel Gold

Kestrel Gold Inc. is an exploration company based in western Canada, focusing on the Canadian Cordillera. It holds a 100% interest in the QCM Property, an orogenic gold target in the Manson-Germanson placer district, and the KSD Property in the Yukon portion of the Tintina Gold Belt. The company is listed on the TSX Venture exchange under the symbol KGC.

YTD Price Performance: -37.50%

Average Trading Volume: 54,727

Technical Sentiment Signal: Strong Buy

Current Market Cap: C$3.73M

See more data about KGC stock on TipRanks’ Stock Analysis page.