Probe Gold Advances Novador Project with Key Engineering Contracts

Probe Metals ( (TSE:PRB) ) has provided an announcement.

Probe Gold Inc. has awarded key engineering contracts to advance the Pre-Feasibility Study (PFS) of its Novador Project, scheduled for completion by the end of 2025. Ausenco Engineering Canada ULC will lead the PFS, focusing on process plant design and infrastructure, while G Mining Services will handle mining engineering, and GHD will manage tailings and water infrastructure. This strategic collaboration is expected to enhance the project’s development, positioning Probe Gold to deliver a high-quality PFS and advance its permitting strategy, thereby creating value for shareholders.

The most recent analyst rating on (TSE:PRB) stock is a Buy with a C$2.50 price target. To see the full list of analyst forecasts on Probe Metals stock, see the TSE:PRB Stock Forecast page.

Spark’s Take on TSE:PRB Stock

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

Probe Metals faces significant financial risks due to a lack of revenue and consistent losses, which are the primary drivers of the low score. However, positive corporate events, such as promising exploration results and successful financing, provide a potential growth outlook. Technical analysis indicates mixed momentum, while the valuation remains unattractive. Overall, the score reflects the current financial challenges but acknowledges future growth opportunities in exploration.

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

More about Probe Metals

Probe Gold Inc. is a company operating in the mining industry, focusing on gold resources. It has consolidated a significant land position in the Val d’Or East area of Quebec, Canada, with the Novador Project being a key property. This project hosts four past producing mines and contains a substantial portion of the company’s gold resources. The company operates in a stable and cost-effective mining environment.

Average Trading Volume: 172,454

Technical Sentiment Signal: Buy

Current Market Cap: C$495.6M

Find detailed analytics on PRB stock on TipRanks’ Stock Analysis page.