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The latest update is out from Nevgold Corp ( (TSE:NAU) ).
NevGold reported Phase II metallurgical testwork from its Limousine Butte project showing sequential leaching of antimony followed by gold yields average gold recoveries above 93% from residual tailings. The results confirm that antimony recovery using conventional leaching has minimal impact on gold recovery, reinforcing leaching as the preferred process for both metals and supporting a simplified flowsheet relative to more complex sulphide antimony projects.
The company also identified additional at-surface antimony mineralization in a historical pre-strip gold waste dump, adding to previously recognized historical leach pads as potential feed sources. Sampling of the waste dumps is complete with assays pending, and a sonic drill program on the historical leach pads has been finished, with a mineral resource estimate expected in early Q2 2026 as a key step toward a near-term antimony production scenario at Limousine Butte.
The most recent analyst rating on (TSE:NAU) stock is a Hold with a C$1.00 price target. To see the full list of analyst forecasts on Nevgold Corp stock, see the TSE:NAU Stock Forecast page.
Spark’s Take on NAU Stock
According to Spark, TipRanks’ AI Analyst, NAU is a Neutral.
The score is primarily constrained by weak financial performance (no revenue, ongoing losses, and accelerating cash burn) and an unattractive earnings-based valuation (negative P/E with no dividend support). These are partially offset by strong technical strength, with the stock trading above key moving averages and showing positive momentum.
To see Spark’s full report on NAU stock, click here.
More about Nevgold Corp
NevGold Corp. is a mineral exploration and development company focused on the Limousine Butte oxide antimony-gold project in Nevada, a major North American mining jurisdiction. The company aims to produce both antimony and gold on site using conventional leaching methods, targeting near-surface mineralization to support a potential combined antimony-gold mining operation.
Average Trading Volume: 1,104,283
Technical Sentiment Signal: Buy
Current Market Cap: C$196.4M
See more data about NAU stock on TipRanks’ Stock Analysis page.