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Liberty Gold ( (TSE:LGD) ) has provided an update.
Liberty Gold has reported strong results from its Phase 5A metallurgical program at the Black Pine Oxide Gold Project, confirming consistent gold recoveries across newly tested zones. The results demonstrate an average gold extraction of 80.6% from 24 column leach tests, supporting the feasibility of a run-of-mine heap leach processing flowsheet. These findings de-risk the project development and provide key inputs for the ongoing feasibility study, enhancing the project’s economic potential and reducing technical risks.
The most recent analyst rating on (TSE:LGD) stock is a Buy with a C$4.25 price target. To see the full list of analyst forecasts on Liberty Gold stock, see the TSE:LGD Stock Forecast page.
Spark’s Take on TSE:LGD Stock
According to Spark, TipRanks’ AI Analyst, TSE:LGD is a Underperform.
Liberty Gold faces significant financial challenges, with no revenue and ongoing losses, heavily weighing down its stock score. However, recent corporate events suggest potential for future improvement, offering some hope. Technical indicators and unattractive valuation metrics further contribute to a low overall stock score.
To see Spark’s full report on TSE:LGD stock, click here.
More about Liberty Gold
Liberty Gold Corp. operates in the mining industry, focusing on the exploration and development of gold properties. The company is primarily engaged in advancing its Black Pine Oxide Gold Project in southeast Idaho, which is centered around the extraction and processing of oxide gold.
Average Trading Volume: 374,829
Technical Sentiment Signal: Buy
Current Market Cap: C$168.4M
For detailed information about LGD stock, go to TipRanks’ Stock Analysis page.