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Lake Victoria Gold Ltd ( (TSE:LVG) ) just unveiled an update.
Lake Victoria Gold Ltd has announced a 7,750-meter multi-purpose drilling campaign at its Imwelo Gold Project’s Area C in Tanzania. This initiative is part of the company’s strategy to enhance short-term production readiness and optimize pit design, with completion expected by Q3 2025. The drilling program will support grade control, strike and depth extension, and geotechnical assessments, aiming to finalize mine scheduling and potentially expand high-grade resources. The project is poised to make Lake Victoria Gold a significant player in Tanzania’s gold production landscape.
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 company operating in the mining industry, focusing on gold exploration and production. The company is engaged in developing the Imwelo Gold Project in northwestern Tanzania, which is fully permitted and strategically located near AngloGold Ashanti’s Geita Gold Mine. The project aims to initiate a low-capex open-pit operation with future potential for underground development.
Average Trading Volume: 113,344
Technical Sentiment Signal: Sell
Current Market Cap: C$27.59M
See more insights into LVG stock on TipRanks’ Stock Analysis page.