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Minaurum Gold ( (TSE:MGG) ) has shared an update.
Minaurum Gold Inc. has completed its Phase I infill drilling program and is launching a Phase II 25,000-meter resource expansion drill program at its Alamos Silver Project in Sonora, Mexico. This initiative aims to expand existing targets and explore additional zones, with the goal of a major resource update in 2026. The company has identified 26 vein zones, with high-grade silver intercepts in several areas, indicating significant mineralization potential. The expansion is expected to enhance Minaurum’s resource estimate and strengthen its position in the mining sector.
Spark’s Take on TSE:MGG Stock
According to Spark, TipRanks’ AI Analyst, TSE:MGG is a Underperform.
Minaurum Gold’s overall stock score is low due to significant financial performance challenges, including zero revenue and consistent losses. Technical indicators point to a bearish trend. However, positive corporate events involving high-grade silver intercepts at Alamos provide a glimmer of hope for future potential, partially offsetting the negative financial and technical outlook.
To see Spark’s full report on TSE:MGG stock, click here.
More about Minaurum Gold
Minaurum Gold Inc. operates in the mining industry, focusing primarily on the exploration and development of gold and silver projects. The company is actively engaged in expanding its resource base, with a significant emphasis on its Alamos Silver Project located in Sonora, Mexico.
Average Trading Volume: 611,969
Technical Sentiment Signal: Buy
Current Market Cap: C$166.2M
For an in-depth examination of MGG stock, go to TipRanks’ Overview page.