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An announcement from Radius Gold ( (TSE:RDU) ) is now available.
Radius Gold Inc. has reported progress on its Tierra Roja copper project in southern Peru, where a key technical access review has been approved by the Regional Government of Arequipa and remaining documentation is being processed for a temporary surface use permit, positioning the company to commence drilling once all authorizations are in place. The company also highlighted the upside at its Amalia gold-silver project in Mexico, where high-grade mineralization remains open and discussions continue with partner Pan American Silver to determine a path forward after work was suspended in 2022, and at its Holly gold-silver joint venture in Guatemala, which hosts an inferred high-grade resource and benefits from renewed regional mining momentum, while Radius concurrently advances due diligence on new gold, silver and copper opportunities in Mexico, Peru and Chile to strengthen its regional exploration footprint.
The most recent analyst rating on (TSE:RDU) stock is a Hold with a C$0.14 price target. To see the full list of analyst forecasts on Radius Gold stock, see the TSE:RDU Stock Forecast page.
Spark’s Take on TSE:RDU Stock
According to Spark, TipRanks’ AI Analyst, TSE:RDU is a Neutral.
The score is held down primarily by the lack of revenue, recurring losses, and ongoing cash burn, which increase financing and dilution risk. Technical signals are modestly supportive and recent corporate actions are positive for project optionality, but valuation is difficult to justify with negative earnings.
To see Spark’s full report on TSE:RDU stock, click here.
More about Radius Gold
Radius Gold Inc. is a Vancouver-based mineral exploration company focused on gold, silver and copper projects in Latin America, with a portfolio spanning Mexico, Guatemala and Peru. The company advances its assets largely through partnerships and joint ventures to conserve capital, and is part of the Gold Group of companies led by Simon Ridgway, while also actively seeking new investment and project acquisition opportunities globally.
Average Trading Volume: 121,371
Technical Sentiment Signal: Buy
Current Market Cap: C$17.93M
See more insights into RDU stock on TipRanks’ Stock Analysis page.