Northstar Gold Raises $916,700 and Completes Cam Copper Zone 2 Infill Drilling

Northstar Gold ( (TSE:NSG) ) just unveiled an update.

Northstar Gold Corp. has closed the second tranche of its previously announced non-brokered private placement, raising an additional $61,000 through a mix of flow-through and non-flow-through units and bringing total proceeds from the offering to $916,700. The financing, which included insider participation and is subject to a four-month hold period, is intended to fund the company’s Cam Copper Zone 2 Surgical Mining pilot in partnership with Novamera, support permitting, engineering, mine planning and working capital, and underpin a NI 43-101-compliant technical report and mineral resource estimate. Northstar also reported completion of a seven-hole, 1,194-metre infill diamond drill program at Cam Copper Zone 2 in December and plans to release assay results in late January 2026, marking a key step toward a notice-to-proceed for the Surgical Mining program and potentially advancing the Miller Copper-Gold Property toward future production.

The most recent analyst rating on (TSE:NSG) stock is a Hold with a C$0.04 price target. To see the full list of analyst forecasts on Northstar Gold stock, see the TSE:NSG Stock Forecast page.

Spark’s Take on TSE:NSG Stock

According to Spark, TipRanks’ AI Analyst, TSE:NSG is a Neutral.

The score is held back primarily by weak financial performance (no revenue, ongoing losses, and negative cash flow), despite improving burn and low leverage. Technicals are broadly neutral with slightly negative momentum indicators, while valuation is constrained by loss-making status and no dividend. Recent corporate events provide a notable positive offset via financing and project-advancement milestones.

To see Spark’s full report on TSE:NSG stock, click here.

More about Northstar Gold

Northstar Gold Corp. is a Canadian mineral exploration company focused on advancing and expanding the near-surface Allied Gold Zone and high-grade Cam Copper volcanogenic massive sulphide (VMS) deposits on its 100%-owned Miller Copper-Gold Property near Kirkland Lake, Ontario. The company is targeting a resource base exceeding one million ounces of gold and high-grade copper that could support either regional or stand-alone production, and also holds three additional 100%-owned exploration projects in northern Ontario, including the Rosegrove, Bryce Gold and Temagami-Milestone critical minerals properties.

Average Trading Volume: 143,839

Technical Sentiment Signal: Buy

Current Market Cap: C$5.83M

For a thorough assessment of NSG stock, go to TipRanks’ Stock Analysis page.