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The latest announcement is out from Kestrel Gold ( (TSE:KGC) ).
Kestrel Gold Inc. has announced that its partner, Centerra Gold Inc., is progressing with its drilling program at the QCM gold property in central British Columbia. Centerra aims to earn a 75% interest in the property by investing $6.5 million in exploration work, including 13,500 meters of drilling by 2029. The current program, with a budget of $3 million, has completed 2,640 meters of drilling, encountering favorable geological formations for gold mineralization. The results of this drilling could significantly impact Kestrel’s operations and its standing in the gold exploration industry.
Spark’s Take on TSE:KGC Stock
According to Spark, TipRanks’ AI Analyst, TSE:KGC is a Neutral.
Kestrel Gold’s overall stock score is weighed down by significant financial challenges, including lack of revenue generation and ongoing losses, leading to poor valuation metrics. While recent positive corporate events provide some hope for future potential, the current financial situation and technical indicators suggest a 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. The company has 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. Kestrel is listed on the TSX Venture exchange under the symbol KGC.
Average Trading Volume: 110,382
Technical Sentiment Signal: Buy
Current Market Cap: C$7.46M
Learn more about KGC stock on TipRanks’ Stock Analysis page.