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Nevgold Corp ( (TSE:NAU) ) has issued an update.
NevGold Corp announced promising results from its metallurgical testwork program at the Limousine Butte Project in Nevada, achieving up to 92% antimony recovery with minimal impact on gold recovery. These results are a significant step in advancing the project towards a gold-antimony Mineral Resource Estimate by the end of 2025, highlighting the project’s potential for further exploration and development.
Spark’s Take on TSE:NAU Stock
According to Spark, TipRanks’ AI Analyst, TSE:NAU is a Neutral.
Nevgold Corp’s overall stock score reflects the challenges typical of an exploration-stage mining company, including financial instability due to non-existent revenues and cash burn. However, positive technical indicators and recent promising corporate developments provide some optimism for future growth.
To see Spark’s full report on TSE:NAU stock, click here.
More about Nevgold Corp
NevGold Corp is a mining company operating in the prolific mining jurisdiction of Nevada. The company focuses on exploring and developing gold and antimony resources, with a particular emphasis on the oxide gold-antimony Limousine Butte Project.
Average Trading Volume: 237,573
Technical Sentiment Signal: Buy
Current Market Cap: C$41.75M
For a thorough assessment of NAU stock, go to TipRanks’ Stock Analysis page.