Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Treasury Metals ( (TSE:NEXG) ) has issued an announcement.
NexGold has launched a 25,000-metre infill diamond drilling program at the Goldlund deposit within its Goliath Gold Complex in Ontario, targeting the deeper portions of the open-pit resource to increase drill density and test the continuity of high-grade plunging shoots. The 2026 campaign, which began in late 2025 and is expected to run through this year, is intended to refine and potentially expand open-pit mineral resources as part of a broader optimization strategy for the Goliath Complex, complementing ongoing feasibility, permitting and community engagement work and supporting the company’s progression toward a final investment decision at its separate Goldboro project in Nova Scotia.
The most recent analyst rating on (TSE:NEXG) stock is a Hold with a C$2.00 price target. To see the full list of analyst forecasts on Treasury Metals stock, see the TSE:NEXG Stock Forecast page.
Spark’s Take on TSE:NEXG Stock
According to Spark, TipRanks’ AI Analyst, TSE:NEXG is a Neutral.
Score is held back primarily by weak financial performance—no revenue, widening losses, and accelerating cash burn despite low leverage—implying ongoing funding needs. Technicals are a positive (clear uptrend and positive MACD) but are offset by overbought signals. Valuation support is limited due to a negative P/E and no dividend yield data.
To see Spark’s full report on TSE:NEXG stock, click here.
More about Treasury Metals
NexGold Mining Corp. is a Canadian gold mining and development company listed on the TSX Venture Exchange and OTCQX, with a portfolio that includes the Goliath Gold Complex in northwestern Ontario and the permitted open-pit Goldboro Gold Project in Nova Scotia. The Goliath Complex, comprising the Goliath, Goldlund and Miller deposits, hosts over 1.26 million ounces of Proven and Probable gold reserves and a larger base of measured, indicated and inferred open-pit resources, positioning the company as an emerging producer focused on advancing and optimizing multi-deposit gold assets in Canada.
Average Trading Volume: 734,372
Technical Sentiment Signal: Buy
Current Market Cap: C$344.3M
See more data about NEXG stock on TipRanks’ Stock Analysis page.