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Omai Gold Mines ( (TSE:OMG) ) has issued an announcement.
Omai Gold Mines reported major progress in 2025 at its Omai Gold Project in Guyana, driven by approximately 39,000 metres of diamond drilling that expanded its mineral resource estimate by more than 50% to 4.4 million ounces of inferred and 2.1 million ounces of indicated gold. The company delivered multiple high-grade drill intercepts at the Wenot deposit, confirmed its expansion potential along strike and at depth, and demonstrated large-scale, continuous mineralization at the Gilt Creek deposit, while bolstering its balance sheet with C$57 million in year-end cash from two private placements and advancing key permitting and community consultation milestones. Looking ahead, Omai plans an updated mineral resource estimate in early 2026 and a preliminary economic assessment in early Q2 2026 that will incorporate an expanded mine plan covering both Wenot and Gilt Creek, with further work towards pre-feasibility or feasibility studies aimed at de-risking the project and solidifying its status as a top-tier gold development opportunity in Guyana, with potential implications for continued value creation for shareholders and other stakeholders.
The most recent analyst rating on (TSE:OMG) stock is a Hold with a C$1.50 price target. To see the full list of analyst forecasts on Omai Gold Mines stock, see the TSE:OMG Stock Forecast page.
Spark’s Take on TSE:OMG Stock
According to Spark, TipRanks’ AI Analyst, TSE:OMG is a Neutral.
The score is primarily held back by very weak fundamentals—no revenue, widening losses, and accelerating cash burn—despite a debt-free balance sheet. Technicals are modestly supportive with price above key long-term averages and a positive MACD, while corporate events provide constructive project/financing momentum. Valuation contributes little support due to negative earnings and no dividend yield.
To see Spark’s full report on TSE:OMG stock, click here.
More about Omai Gold Mines
Omai Gold Mines Corp. is a Canadian gold exploration and development company focused on its 100%-owned Omai Gold Project in Guyana. The company is advancing both the Wenot open pit deposit and the adjacent Gilt Creek underground deposit, targeting significant resource growth and positioning the project as a leading development-stage gold asset in the country, supported by institutional investors and growing analyst coverage.
Average Trading Volume: 922,997
Technical Sentiment Signal: Buy
Current Market Cap: C$935.4M
See more data about OMG stock on TipRanks’ Stock Analysis page.