TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
SolGold ( (GB:SOLG) ) has issued an announcement.
SolGold plc has announced progress in evaluating a potential near-surface starter-pit at the Tandayama-América deposit, part of the Cascabel project. The 60.2 Mt open-pit resource, characterized by a high proportion of Measured resources and a low strip ratio, offers a high-confidence source of early mill feed. This development is expected to accelerate the project’s timeline, enhance early production and cash flow, and de-risk future operations, providing near-term returns for shareholders.
The most recent analyst rating on (GB:SOLG) stock is a Buy with a £46.00 price target. To see the full list of analyst forecasts on SolGold stock, see the GB:SOLG Stock Forecast page.
Spark’s Take on GB:SOLG Stock
According to Spark, TipRanks’ AI Analyst, GB:SOLG is a Neutral.
SolGold’s financial challenges, marked by persistent losses and negative cash flows, heavily impact its score. Corporate events offer some optimism with strategic investments and governance improvements, but valuation remains poor.
To see Spark’s full report on GB:SOLG stock, click here.
More about SolGold
SolGold plc is a company in the mining industry, primarily focused on the exploration and development of copper and gold deposits. The company is engaged in advancing the Cascabel project, which is a significant copper-gold porphyry deposit located in Ecuador.
Average Trading Volume: 9,049,441
Technical Sentiment Signal: Buy
Current Market Cap: £617.1M
See more data about SOLG stock on TipRanks’ Stock Analysis page.