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Lake Victoria Gold Ltd ( (TSE:LVG) ) has issued an announcement.
Lake Victoria Gold Ltd. has commenced a 4,000-metre drilling campaign at the Area C zone of its Imwelo Gold Project in Tanzania, aiming to support short-term production readiness and resource expansion. The project, located near AngloGold Ashanti’s Geita Gold Mine, is fully permitted and targets initial gold production within 12 months. The drilling program will help optimize pit design and test mineralization extensions, potentially enhancing resource confidence and supporting future underground development.
The most recent analyst rating on (TSE:LVG) stock is a Buy with a C$0.45 price target. To see the full list of analyst forecasts on Lake Victoria Gold Ltd stock, see the TSE:LVG Stock Forecast page.
Spark’s Take on TSE:LVG Stock
According to Spark, TipRanks’ AI Analyst, TSE:LVG is a Neutral.
Lake Victoria Gold Ltd’s overall stock score is primarily impacted by its weak financial performance, marked by zero revenue and consistent losses. Although there is some technical strength indicating short-term market interest, the negative valuation metrics such as the P/E ratio highlight significant risks. The absence of earnings call data and notable corporate events means these factors do not influence the score.
To see Spark’s full report on TSE:LVG stock, click here.
More about Lake Victoria Gold Ltd
Lake Victoria Gold Ltd. is a rapidly growing gold exploration and development company listed on the TSX Venture Exchange. The company focuses on growth and consolidation in the highly prolific gold regions, leveraging its unique position and experience in the industry.
Average Trading Volume: 236,403
Technical Sentiment Signal: Hold
Current Market Cap: C$34.91M
For an in-depth examination of LVG stock, go to TipRanks’ Overview page.