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Spanish Mountain Gold ( (TSE:SPA) ) has issued an update.
Spanish Mountain Gold has reported positive Phase 1 sensor-based particle ore sorting results for the Phoenix deposit at its Spanish Mountain Gold project in British Columbia, showing that X-ray transmission sorting can potentially double or better the run-of-mine feed grade while rejecting 50% to 70% of the mass and still recovering 85% to 92% of the contained gold. Management says the ability to preconcentrate ore and strip out barren material could lift grades, increase gold output, cut operating and capital costs, reduce tailings and environmental footprint, and feed into an updated economic assessment in 2026 as the company refines its flowsheet and advances the project toward feasibility.
The ore sorting tests, conducted by ABH Engineering and the Saskatchewan Research Council using Tomra XRT equipment and AI algorithms, build on earlier positive work at the project’s Main deposit and confirm that Phoenix mineralization is highly amenable to this technology. Follow-on Phase 2 bulk sampling is already under way to optimize sorting algorithms across different grade ranges, underscoring the potential for ore sorting to become a key lever in enhancing the project’s production profile and derisking lower-grade resources for long-life mine planning.
The most recent analyst rating on (TSE:SPA) stock is a Buy with a C$0.80 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, continued losses, and ongoing cash burn with negative free cash flow). This is partly offset by strong technical momentum (price above key moving averages with positive MACD) and a conservative balance sheet with minimal leverage, while valuation is neutral-to-weak due to negative earnings and no dividend.
To see Spark’s full report on TSE:SPA stock, click here.
More about Spanish Mountain Gold
Spanish Mountain Gold Ltd. is a mineral exploration and development company focused on advancing its Spanish Mountain Gold project in the Cariboo Gold Corridor of British Columbia, Canada. The company is working toward feasibility on open-pit gold deposits, including the Main and Phoenix deposits, with an emphasis on improving project economics and scalability through process optimization technologies.
YTD Price Performance: 5.04%
Average Trading Volume: 837,436
Technical Sentiment Signal: Buy
Current Market Cap: C$127.1M
For a thorough assessment of SPA stock, go to TipRanks’ Stock Analysis page.