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Minsud Resources ( (TSE:MSR) ) has issued an update.
Minsud Resources reported a substantial increase in mineral resources at its Chita Valley Project, covering the Chinchillones polymetallic and Chita South supergene-enriched deposits, which lie about two kilometres apart. On a consolidated basis, indicated resources now total 1.033 million tonnes of copper equivalent and inferred resources 3.333 million tonnes of copper equivalent, with copper, silver, and gold as the primary value drivers.
At Chinchillones, indicated copper-equivalent resources rose 30.7% and inferred resources 37.8%, supported by additional drilling, with mineralization remaining open at depth and along strike, suggesting further upside. The Chita South deposit adds additional indicated and inferred copper resources, and both deposits meet industry criteria for reasonable prospects of eventual economic extraction, underscoring the project’s growing scale and potential strategic importance for stakeholders.
The most recent analyst rating on (TSE:MSR) stock is a Hold with a C$0.58 price target. To see the full list of analyst forecasts on Minsud Resources stock, see the TSE:MSR Stock Forecast page.
Spark’s Take on TSE:MSR Stock
According to Spark, TipRanks’ AI Analyst, TSE:MSR is a Neutral.
The score is mainly held down by weak financial performance (no revenue, ongoing cash burn, and inconsistent profitability) and negative-to-muted technical momentum (below key moving averages with negative MACD). A positive exploration update provides some upside potential, but valuation support is limited with a negative P/E and no dividend yield.
To see Spark’s full report on TSE:MSR stock, click here.
More about Minsud Resources
Minsud Resources Corp. is a Toronto-based mineral exploration company focused on advancing its Chita Valley Project in Argentina. The company targets large-scale copper, silver, gold, molybdenum, and zinc deposits, positioning itself in the polymetallic and porphyry copper segment of the mining industry with an emphasis on open-pit, flotation-amenable resources.
Average Trading Volume: 9,375
Technical Sentiment Signal: Sell
Current Market Cap: C$100.1M
Find detailed analytics on MSR stock on TipRanks’ Stock Analysis page.