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The latest update is out from Minaurum Gold ( (TSE:MGG) ).
Minaurum Gold Inc. has announced the expansion of its Phase II resource-expansion drill program at the Alamos Silver Project in Sonora, Mexico, doubling the planned drilling from 25,000 meters to 50,000 meters. This expansion, driven by strong institutional interest, aims to test more vein-zone targets and grow the mineralized footprint, supporting a major resource update planned for 2026. The success of this program is contingent on the closing of ongoing financing, and the company has also issued stock options to its directors, officers, and consultants.
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. is an Americas-focused exploration company concentrating on the high-grade, production-permitted Alamos Silver Project in Sonora, Mexico. The company manages a portfolio of district-scale projects in Mexico and is led by a strong technical and financial team, aiming to create shareholder value through the acquisition and development of Tier-One precious and base metal projects.
Average Trading Volume: 715,778
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$148.7M
See more insights into MGG stock on TipRanks’ Stock Analysis page.