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P2 Gold ( (TSE:PGLD) ) has shared an announcement.
P2 Gold Inc. has elected to pay approximately $42,270 in interest accrued on $1,118,000 of outstanding convertible debentures through the issuance of 63,079 common shares, or about 56.42 shares per $1,000 principal amount, for the interest payment due December 31, 2025. The move, which remains subject to TSX Venture Exchange approval and includes a four-month hold period on the new shares, allows the company to preserve cash as it advances its Gabbs gold-copper project, while debenture holders retain the option to convert principal into equity at $0.10 per share until the debentures’ January 31, 2026 maturity.
The most recent analyst rating on (TSE:PGLD) stock is a Hold with a C$0.66 price target. To see the full list of analyst forecasts on P2 Gold stock, see the TSE:PGLD Stock Forecast page.
Spark’s Take on TSE:PGLD Stock
According to Spark, TipRanks’ AI Analyst, TSE:PGLD is a Neutral.
The score is held back primarily by weak fundamentals (pre-revenue profile and ongoing negative operating/free cash flow) and a very high P/E. Offsetting factors include strong technical momentum and positive project-progress news flow around drilling, permitting, and feasibility work at Gabbs.
To see Spark’s full report on TSE:PGLD stock, click here.
More about P2 Gold
P2 Gold Inc. is a mineral exploration and development company focused on advancing its gold-copper Gabbs Project on the Walker Lane Trend in Nevada, where it is working toward a feasibility study. A positive preliminary economic assessment has outlined a long-life, mid-sized mine with projected annual average production of 109,000 ounces of gold and 15,000 tonnes of copper over a 14.2-year mine life, supported by existing infrastructure including highway access, on-site power and water, and multiple open exploration targets.
Average Trading Volume: 726,390
Technical Sentiment Signal: Buy
Current Market Cap: C$142.2M
For an in-depth examination of PGLD stock, go to TipRanks’ Overview page.