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An update from Nevgold Corp ( (TSE:NAU) ) is now available.
NevGold has identified 2.4 million to 3.0 million tonnes of previously mined material in historical crushed and run-of-mine leach pads at its Limousine Butte project in Nevada, with consistent antimony grades averaging around 0.27–0.31% Sb and notable gold grades, including localized areas grading up to 0.81% Sb. Metallurgical work indicates antimony recoveries of up to 92% using on-site acid leaching, which could produce antimony metal without reliance on third-party smelters and with minimal impact on gold recovery, positioning the leach pads as a near-term production and cash flow opportunity while NevGold advances broader drilling, metallurgical studies, and a gold-antimony resource estimate across the project over the next 12–24 months.
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 TSE:NAU Stock
According to Spark, TipRanks’ AI Analyst, TSE:NAU is a Neutral.
The score is held back primarily by weak financial performance (no revenue, widening losses, and ongoing/accelerating cash burn). Offsetting this, technicals show strong upward trend and positive momentum, and recent corporate updates (project expansion, encouraging testwork/drill results, and fresh financing) are supportive, while valuation remains constrained by negative earnings and no dividend.
To see Spark’s full report on TSE:NAU stock, click here.
More about Nevgold Corp
NevGold Corp. is a Canadian mineral exploration company focused on advancing its Limousine Butte gold-antimony project in Nevada, a brownfield mine site with historical leach pads and near-surface mineralization. The company is targeting both critical mineral antimony and gold, aiming to leverage existing mined material and modern metallurgical methods to accelerate project development and potential production in a key U.S. mining jurisdiction.
Average Trading Volume: 666,511
Technical Sentiment Signal: Buy
Current Market Cap: C$130.3M
For detailed information about NAU stock, go to TipRanks’ Stock Analysis page.