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Radisson Mining Resources ( (TSE:RDS) ) has shared an announcement.
Radisson Mining Resources has delivered an interim updated mineral resource estimate for its O’Brien Gold Project, reflecting results from a fully funded 140,000‑metre step‑out drilling campaign now 25% complete. The new model, prepared by SLR Consulting, uses a 2.2 g/t gold cut‑off at US$2,500 per ounce and incorporates 428,440 metres of drilling completed to the end of 2025.
The update shows an 82% increase in inferred resources to 1.69 million ounces at 5.08 g/t gold and an 8% rise in indicated resources to 0.63 million ounces at 5.59 g/t gold, underscoring significant resource growth at depth beneath historic mine workings. Management emphasizes that O’Brien is evolving from a narrow high‑grade legacy mine into a larger‑scale Abitibi vein deposit amenable to modern mechanized mining, with step‑wise resource updates expected as drilling continues through mid‑2027.
The most recent analyst rating on (TSE:RDS) stock is a Hold with a C$0.79 price target. To see the full list of analyst forecasts on Radisson Mining Resources stock, see the TSE:RDS Stock Forecast page.
Spark’s Take on TSE:RDS Stock
According to Spark, TipRanks’ AI Analyst, TSE:RDS is a Neutral.
The score is held back primarily by weak financial performance (no revenue, persistent losses, and negative cash flow), partially offset by a strong debt-free balance sheet. Technicals are moderately supportive with an improving longer-term trend and neutral momentum. Corporate updates are positive (funding secured and encouraging drill results), but valuation support is limited given the negative P/E and no dividend.
To see Spark’s full report on TSE:RDS stock, click here.
More about Radisson Mining Resources
Radisson Mining Resources Inc. is a Canadian exploration and development company focused on gold, with its flagship 100%-owned O’Brien Gold Project in Québec’s Abitibi region. The company is advancing O’Brien as a modern, mechanized underground operation targeting higher-throughput mining of extensive quartz-sulphide-gold vein systems.
Average Trading Volume: 770,460
Technical Sentiment Signal: Buy
Current Market Cap: C$342.2M
For detailed information about RDS stock, go to TipRanks’ Stock Analysis page.