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The latest announcement is out from NGEx Minerals ( (TSE:NGEX) ).
NGEx Minerals has secured environmental approval from the San Juan provincial mining authority to develop an exploration adit at its 100%-owned Lunahuasi project in Argentina, described by the company as the highest-grade copper-gold-silver deposit in the Vicuña District. The decision marks a significant permitting milestone that will allow the miner to accelerate underground evaluation of Lunahuasi and deepen its geological understanding of the deposit.
The new authorization clears the way for detailed engineering, contractor selection, surface facilities work and other preparations ahead of planned underground development, which NGEx is targeting to begin in the fourth quarter of 2026 subject to remaining permits. Underground access is expected to support year-round drilling, metallurgical and geotechnical studies and future technical evaluations, strengthening Lunahuasi’s path toward potential development and underscoring Argentina’s broader support for responsible mineral growth in the region.
The most recent analyst rating on (TSE:NGEX) stock is a Hold with a C$31.00 price target. To see the full list of analyst forecasts on NGEx Minerals stock, see the TSE:NGEX Stock Forecast page.
Spark’s Take on TSE:NGEX Stock
According to Spark, TipRanks’ AI Analyst, TSE:NGEX is a Neutral.
The score is held back primarily by weak financial performance (no revenue, widening losses, and heavy cash burn), despite low leverage. Offsetting factors include supportive technical positioning and a favorable run of corporate updates (funding secured, positive exploration results, and the LunR Royalties spinout/listing). Valuation remains difficult to support using earnings metrics due to ongoing losses.
To see Spark’s full report on TSE:NGEX stock, click here.
More about NGEx Minerals
NGEx Minerals Ltd. is a Canada-based copper and gold exploration company focused on advancing the Lunahuasi copper-gold-silver project in San Juan Province, Argentina, and the nearby Los Helados copper-gold project in Chile’s Region III. Both assets sit within the Vicuña District, a prolific Andean mining corridor that also hosts the Caserones mine and the Josemaria and Filo del Sol deposits, positioning NGEx in a key emerging copper-gold camp.
YTD Price Performance: 5.27%
Average Trading Volume: 449,302
Technical Sentiment Signal: Buy
Current Market Cap: C$5.84B
See more insights into NGEX stock on TipRanks’ Stock Analysis page.