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The latest update is out from Norsemont Capital ( (TSE:NOM) ).
Norsemont Mining has issued a year-end update highlighting substantial progress at its Choquelimpie project in 2025, including the publication of an initial mineral resource estimate outlining more than 2.7 million gold-equivalent ounces in indicated and inferred categories and the completion of over $22 million in financings, with a recent $15 million raise from strategic investors to fund drilling, metallurgical, environmental and permitting work. Backed by an expanded technical, financial and environmental team and the appointment of a new chief financial officer, the company is executing a two-pronged development strategy to finalize plans for processing oxide stockpiles while systematically expanding oxide and sulfide resources and testing deeper copper porphyry potential, setting the stage for engineering and feasibility work in 2026 and advancing Choquelimpie toward future production.
The most recent analyst rating on (TSE:NOM) stock is a Hold with a C$1.00 price target. To see the full list of analyst forecasts on Norsemont Capital stock, see the TSE:NOM Stock Forecast page.
Spark’s Take on TSE:NOM Stock
According to Spark, TipRanks’ AI Analyst, TSE:NOM is a Neutral.
The score is held back primarily by weak financial performance (no revenue, widening losses, and ongoing cash burn). Offsetting this are constructive technical trends (price above major moving averages with positive MACD) and supportive corporate events (recent financings and project-advancement updates), while valuation remains constrained by negative earnings.
To see Spark’s full report on TSE:NOM stock, click here.
More about Norsemont Capital
Norsemont Mining Inc. is a Vancouver-based mineral exploration and development company focused on advancing its 100%-owned Choquelimpie gold-silver-copper project in northern Chile, a past-producing heap leach operation with significant existing infrastructure including power, water, road access, camp facilities and a 3,000 tonne-per-day mill, positioning it for rapid advancement toward renewed production.
Average Trading Volume: 149,485
Technical Sentiment Signal: Buy
Current Market Cap: C$75.8M
For a thorough assessment of NOM stock, go to TipRanks’ Stock Analysis page.