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The latest update is out from Sitka Gold Corp. ( (TSE:SIG) ).
Sitka Gold Corp. has delivered a maiden mineral resource estimate for its Rhosgobel Gold Deposit and updated the overall mineral resource at the RC Gold Project in Yukon to 1.29 million ounces of indicated gold and 3.83 million ounces of inferred gold. The new Rhosgobel estimate outlines 2.25 million ounces of inferred gold starting at surface, supported by strong metallurgical recoveries, while an updated estimate for the Eiger deposit lifts its inferred resource to 535,000 ounces, all complementing the previously defined Blackjack resource.
The company plans an aggressive 60,000-metre diamond drilling program this year to expand the open-ended Blackjack, Eiger and Rhosgobel deposits and test additional high-priority targets, positioning RC Gold as a rapidly growing, road-accessible gold resource in the Tombstone Gold Belt. The pace of resource growth, particularly advancing Rhosgobel from a late-2024 discovery to a multi-million-ounce deposit in a single field season, enhances Sitka’s exploration credentials and could strengthen its standing among Yukon-focused gold developers.
The most recent analyst rating on (TSE:SIG) stock is a Hold with a C$0.89 price target. To see the full list of analyst forecasts on Sitka Gold Corp. stock, see the TSE:SIG Stock Forecast page.
Spark’s Take on TSE:SIG Stock
According to Spark, TipRanks’ AI Analyst, TSE:SIG is a Neutral.
The score is held back mainly by pre-revenue financials with widening losses and deeply negative cash flows, despite a low-debt balance sheet. Technicals are mildly bearish near-term, while corporate events (expanded drilling success and sizeable financings to fund a major 2026 program) provide the key offsetting support; valuation offers limited help given negative earnings and no stated yield.
To see Spark’s full report on TSE:SIG stock, click here.
More about Sitka Gold Corp.
Sitka Gold Corp. is a mineral exploration company focused on gold projects, notably its 100%-owned RC Gold Project in Yukon’s Tombstone Gold Belt. The company targets large, road-accessible, open-pit style gold deposits and is advancing multiple zones, including the Blackjack, Rhosgobel and Eiger deposits, through extensive diamond drilling campaigns.
Average Trading Volume: 1,113,665
Technical Sentiment Signal: Buy
Current Market Cap: C$381.5M
Find detailed analytics on SIG stock on TipRanks’ Stock Analysis page.