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Scorpio Gold ( (TSE:SGN) ) has provided an update.
Scorpio Gold reported new assay results from four diamond drill holes in its 2025 Phase Two drilling program at the Manhattan District Project in Nevada, highlighted by hole 25MN-039, which intersected 41.22 metres grading 0.44 grams per tonne gold along the Reliance Trend. The company has now released results for 30 of 42 Phase Two holes totalling 9,658 metres, with assays from a further 12 holes pending, and says the latest intersections at the Reliance Trend, West Pit and Stray Dog areas continue to validate its geological model and demonstrate scale potential, underpinning the project’s advancement and the prospect of a steady flow of exploration news for stakeholders.
The most recent analyst rating on (TSE:SGN) stock is a Hold with a C$0.37 price target. To see the full list of analyst forecasts on Scorpio Gold stock, see the TSE:SGN Stock Forecast page.
Spark’s Take on TSE:SGN Stock
According to Spark, TipRanks’ AI Analyst, TSE:SGN is a Neutral.
The score is held down primarily by weak financial performance, marked by persistent losses and significant ongoing cash burn despite currently low leverage. Technicals are a positive offset with price strength above key moving averages and positive MACD, but high volatility (beta) increases risk. Valuation is also limited by negative earnings and no provided dividend yield.
To see Spark’s full report on TSE:SGN stock, click here.
More about Scorpio Gold
Scorpio Gold Corp. is a precious metals exploration company focused on advancing gold projects in Nevada, USA. The company is currently developing its Manhattan District Project, where it is targeting structurally controlled, low-sulphidation epithermal gold mineralization within favorable host lithologies, with an inferred resource constrained by open-pit economics at higher gold prices.
Average Trading Volume: 460,095
Technical Sentiment Signal: Buy
Current Market Cap: C$110.1M
Find detailed analytics on SGN stock on TipRanks’ Stock Analysis page.