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The latest announcement is out from Liberty Gold ( (TSE:LGD) ).
Liberty Gold has released an updated independent mineral resource estimate for its Black Pine oxide gold project in Idaho, reporting 4.88 million ounces of indicated gold and 1.05 million ounces of inferred gold at a 0.10 g/t cut-off. The update reflects only oxide mineralization suitable for heap leach processing, reinforcing Black Pine’s potential as a large-scale, open-pit gold project.
The new estimate marks a 17% increase in indicated ounces and a 47% rise in inferred ounces versus the 2024 preliminary feasibility study resource, driven by successful 2025 drilling. Management says the nearly 5 million ounces in the indicated category and over 1 million ounces inferred solidify Black Pine’s foundation for a feasibility study planned for late 2026, with further drilling in 2026 expected to target additional near-term resource growth and enhance project economics for stakeholders.
Resource growth is spread across multiple zones, notably the Discovery and Rangefront areas, and includes a higher-grade subset within the pit shell at a 0.50 g/t cut-off totalling about 1.9 million indicated ounces. The enlarged resource footprint and high-grade core improve Liberty Gold’s development optionality and could strengthen its position among North American gold developers, potentially attracting greater institutional interest as the project advances toward a construction decision.
The most recent analyst rating on (TSE:LGD) stock is a Hold with a C$1.50 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 Neutral.
The score is held back primarily by weak financial performance (no revenue, persistent losses, and ongoing cash burn) and limited valuation support (negative P/E due to losses). These are partially offset by strong recent technical momentum with price above key moving averages and a positive MACD, though indicators suggest the move may be overheated.
To see Spark’s full report on TSE:LGD stock, click here.
More about Liberty Gold
Liberty Gold Corp. is a Canadian mineral exploration and development company focused on oxide gold projects in the western U.S., with its flagship Black Pine project located in southeastern Idaho. The company targets large, open-pittable, heap-leachable gold deposits and is advancing Black Pine toward feasibility and potential mine development in a strong gold price environment.
Liberty Gold’s strategy centers on growing its resource base and upgrading mineralization categories to support future mine planning, while leveraging extensive drilling and metallurgical work. By emphasizing oxide-only mineralization amenable to conventional processing, the company aims to position itself competitively among North American gold developers seeking scalable, low-cost production profiles.
Average Trading Volume: 1,086,031
Technical Sentiment Signal: Buy
Current Market Cap: C$621.9M
For detailed information about LGD stock, go to TipRanks’ Stock Analysis page.