Liberty Gold Secures Strategic Investment from Centerra Gold

An announcement from Liberty Gold ( (TSE:LGD) ) is now available.

Liberty Gold Corp. has announced a strategic investment by Centerra Gold Inc., which will acquire 9.9% of Liberty Gold’s common shares. This investment, valued at C$28.01 million, will advance the development of Liberty Gold’s Black Pine project in Idaho. The partnership is expected to bring operational expertise and synergies, enhancing the project’s feasibility and moving it towards production. The investment also includes an agreement for Centerra to have certain rights, including board representation, contingent on maintaining shareholding thresholds.

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 is focused on developing open pit oxide deposits in the Great Basin of the United States, a region known for large-scale gold projects suitable for open-pit mining. The company is advancing the Black Pine project in southeastern Idaho, a Carlin-style gold system with significant economic potential for environmentally responsible open-pit/heap leach operations.

YTD Price Performance: 92.73%

Average Trading Volume: 498,358

Technical Sentiment Signal: Buy

Current Market Cap: C$241.3M

See more data about LGD stock on TipRanks’ Stock Analysis page.