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Spanish Mountain Gold ( (TSE:SPA) ) has issued an update.
Spanish Mountain Gold reported additional assay results from seven diamond drill holes at the Orca Fault target within its Spanish Mountain Gold project, with standout intercepts including 133.57 metres grading 1.35 g/t gold, featuring a higher-grade subset of 25.47 metres at 4.28 g/t gold. The latest results extend higher-grade mineralization over a 530-metre strike length and demonstrate continuity across multiple parallel sections, reinforcing the geological model and indicating that tighter drill spacing is unlocking more near-surface, higher-grade open-pit potential, which may enhance the project’s overall resource quality and future development prospects.
The most recent analyst rating on (TSE:SPA) stock is a Hold with a C$0.23 price target. To see the full list of analyst forecasts on Spanish Mountain Gold stock, see the TSE:SPA Stock Forecast page.
Spark’s Take on TSE:SPA Stock
According to Spark, TipRanks’ AI Analyst, TSE:SPA is a Neutral.
The score is held back primarily by weak financial performance (no revenue, ongoing losses and cash burn, worsening TTM free cash flow), partially offset by a low-leverage balance sheet. Technical indicators are supportive (price above key moving averages and positive MACD), while valuation remains pressured by negative earnings and no dividend. Recent corporate updates are constructive, highlighting resource-extension drilling and project-economics initiatives.
To see Spark’s full report on TSE:SPA stock, click here.
More about Spanish Mountain Gold
Spanish Mountain Gold Ltd. is a Canadian gold exploration and development company focused on advancing its Spanish Mountain Gold project in the Cariboo Gold Corridor of British Columbia. The company targets near-surface, open-pit gold mineralization and is working to expand and upgrade its mineral resource within the project’s Main deposit, including the emerging Orca Fault target area.
YTD Price Performance: -5.46%
Average Trading Volume: 737,950
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$110.4M
For a thorough assessment of SPA stock, go to TipRanks’ Stock Analysis page.