Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Quimbaya Gold Inc ( (TSE:QIM) ) has provided an update.
Quimbaya Gold reported assay results from its inaugural Phase 1 diamond drilling campaign at the Tahami South target in Colombia, confirming high-grade silver and gold mineralization in two structurally distinct vein systems within its 100%-owned Tahami Project. Highlights include Vein S intercepts of up to 9.8 g/t gold equivalent over 1.0 meter, driven by exceptionally high silver grades of 528 g/t (17 oz/t), and Vein V intercepts that, together with Vein S, demonstrate structural continuity over strike lengths of 0.8 to 2.2 kilometers. The results show mineralized vein intercepts from most drill platforms, indicating widespread distribution of target structures and a pattern of high-grade shoots within a broader mineralized envelope that is typical of the Segovia district, bolstering management’s confidence to advance systematic exploration and raising the project’s potential significance for the company and its stakeholders.
The most recent analyst rating on (TSE:QIM) stock is a Hold with a C$0.52 price target. To see the full list of analyst forecasts on Quimbaya Gold Inc stock, see the TSE:QIM Stock Forecast page.
Spark’s Take on TSE:QIM Stock
According to Spark, TipRanks’ AI Analyst, TSE:QIM is a Neutral.
The score is primarily constrained by weak financial performance (pre-revenue, widening losses, and accelerating cash burn) and a technically weak price trend (below major moving averages with slightly negative MACD). Positive corporate developments (exploration progress and secured financing) provide support but are not yet reflected in revenue generation or sustained technical strength, and valuation remains challenged due to negative earnings.
To see Spark’s full report on TSE:QIM stock, click here.
More about Quimbaya Gold Inc
Quimbaya Gold Inc. is a precious metals exploration company focused on gold and silver projects in Colombia, where it holds a 100%-owned interest in the Tahami Project within the prolific Segovia-Remedios gold district of Antioquia. The company is advancing early-stage exploration through diamond drilling to delineate high-grade vein systems with polymetallic mineralization consistent with the region’s established epithermal vein geology.
Average Trading Volume: 289,186
Technical Sentiment Signal: Sell
Current Market Cap: C$43.01M
Learn more about QIM stock on TipRanks’ Stock Analysis page.