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SolGold ( (GB:SOLG) ) has provided an announcement.
SolGold has announced positive drilling results from its Tandayama America site, part of the Cascabel project in Ecuador, supporting an early open-pit mining strategy. The ongoing drilling program has identified significant zones of potentially open-cuttable resources, with high-grade mineralization zones being more extensive than initially thought. The results are expected to enhance the project’s economics and de-risk the overall project, potentially adding significant value 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 is a mining company focused on the exploration and development of copper and gold resources. The company operates primarily in Ecuador, with its flagship project being the Cascabel porphyry copper-gold project.
Average Trading Volume: 10,059,074
Technical Sentiment Signal: Buy
Current Market Cap: £531.2M
Find detailed analytics on SOLG stock on TipRanks’ Stock Analysis page.