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Outcrop Gold Corp ( (TSE:OCG) ) just unveiled an update.
Outcrop Silver & Gold Corporation has reported promising results from a sensor-based ore sorting test on the La Porfia vein at its Santa Ana project in Colombia. The test, conducted by Steinert Latinoamericana, demonstrated a 20% increase in silver equivalent grade while rejecting 17% of the feed as waste, retaining up to 99.2% of silver and 99.7% of gold. This advancement suggests potential for significant cost reductions and environmental benefits, enhancing the project’s viability and value for stakeholders.
Spark’s Take on TSE:OCG Stock
According to Spark, TipRanks’ AI Analyst, TSE:OCG is a Underperform.
Outcrop Gold Corp’s overall stock score reflects substantial financial challenges with no revenue and ongoing losses. Technical indicators suggest a bearish trend, compounded by unfavorable valuation metrics. Despite positive corporate developments, the stock remains a high-risk investment, primarily for those optimistic about future exploration success.
To see Spark’s full report on TSE:OCG stock, click here.
More about Outcrop Gold Corp
Outcrop Silver & Gold Corporation operates in the mining industry, focusing on the exploration and development of high-grade silver and gold projects. Its primary project is the Santa Ana silver project in Colombia, known for its rich silver deposits and historical significance in the region.
Average Trading Volume: 863,610
Technical Sentiment Signal: Buy
Current Market Cap: C$86.52M
See more insights into OCG stock on TipRanks’ Stock Analysis page.