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The latest update is out from Sonoro Gold ( (TSE:SGO) ).
Sonoro Gold Corp. has expanded its Cerro Caliche gold property in Sonora, Mexico, by acquiring ten additional mineral concessions totaling 2,574.16 hectares adjacent to the project’s northern and southern boundaries for US$4 million, payable over four years, and assuming roughly US$570,000 in outstanding concession fees. The transaction increases Cerro Caliche to 25 contiguous concessions covering 3,924.26 hectares, potentially extending known mineralized corridors and enhancing exploration upside as the project advances through final permitting for an open-pit, heap leach operation and an updated Preliminary Economic Assessment expected in the first quarter of 2026.
The most recent analyst rating on (TSE:SGO) stock is a Hold with a C$0.31 price target. To see the full list of analyst forecasts on Sonoro Gold stock, see the TSE:SGO Stock Forecast page.
Spark’s Take on TSE:SGO Stock
According to Spark, TipRanks’ AI Analyst, TSE:SGO is a Neutral.
The score is held back primarily by weak financial performance (pre-revenue, ongoing losses and cash burn, and higher leverage), which increases funding risk. Technicals are a key offset with a strong uptrend (price above major moving averages and positive MACD), though overbought signals raise near-term volatility risk. Valuation is constrained by losses (negative P/E) and no dividend yield.
To see Spark’s full report on TSE:SGO stock, click here.
More about Sonoro Gold
Sonoro Gold Corp. is a publicly listed mineral exploration and development company focused on gold projects in Sonora State, Mexico, where it holds the development-stage Cerro Caliche project and the exploration-stage San Marcial project. The company is advancing Cerro Caliche toward open-pit, heap leach production and is led by an experienced operational and management team with a track record in discovering and developing natural resource deposits.
Average Trading Volume: 293,009
Technical Sentiment Signal: Buy
Current Market Cap: C$74.13M
See more data about SGO stock on TipRanks’ Stock Analysis page.