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Lake Victoria Gold Ltd ( (TSE:LVG) ) has provided an update.
Lake Victoria Gold Ltd. has elected to pay C$44,665.64 in interest accrued on its C$750,000 of convertible debentures, issued in mid-2024, by issuing 148,886 common shares at a deemed price of C$0.30 per share, subject to TSX Venture Exchange approval. The move allows the Tanzania-focused gold developer to preserve cash while modestly diluting existing shareholders, reflecting a balance between maintaining liquidity for project advancement at Tembo and Imwelo and meeting its financing obligations as it progresses toward potential near-term production.
The most recent analyst rating on (TSE:LVG) stock is a Hold with a C$0.29 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.
The score is held back primarily by weak financial performance (no revenue, ongoing losses, and negative free cash flow requiring funding). Offsetting this, technicals show a clear uptrend (though overbought), and recent corporate updates have been positive around exploration results and a potential near-term production plan.
To see Spark’s full report on TSE:LVG stock, click here.
More about Lake Victoria Gold Ltd
Lake Victoria Gold Ltd. is a Vancouver-based gold exploration and development company focused on growth and consolidation in Tanzania’s Lake Victoria Goldfield. It holds 100% interests in the Tembo project, located adjacent to Barrick’s Bulyanhulu Mine, and the fully permitted Imwelo Project near AngloGold Ashanti’s Geita Gold Mine, positioning it for near-term mine development. The company is backed by a highly experienced Africa-focused mining team with significant insider ownership and support from partners including Barrick and Taifa Group.
Average Trading Volume: 241,604
Technical Sentiment Signal: Buy
Current Market Cap: C$57.57M
For detailed information about LVG stock, go to TipRanks’ Stock Analysis page.