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Spanish Mountain Gold ( (TSE:SPA) ) has provided 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, indicating strong amenability of the material to X-ray transmission sorting. The tests, conducted on representative core samples, suggest the potential to double or better the run-of-mine feed grade while recovering 85% to 92% of the gold and rejecting 50% to 70% of the feed mass.
Management said the results open an opportunity to increase milled grades, expand early-years gold production, and enhance overall project economics by preconcentrating mineralization before it enters the processing plant. The company has already launched Phase 2 bulk sampling for the Phoenix deposit to refine sorting algorithms and integrate the findings into a planned preliminary economic assessment update in the first half of 2026, with potential benefits including lower operating costs, smaller tailings volumes, and reduced environmental footprint.
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 is a Canadian mineral exploration and development company focused on advancing its Spanish Mountain Gold project in the Cariboo Gold Corridor of British Columbia. The company is targeting open-pit gold production and continues to refine mine design and processing strategies to improve project economics and scalability.
YTD Price Performance: 5.04%
Average Trading Volume: 837,436
Technical Sentiment Signal: Buy
Current Market Cap: C$127.1M
For an in-depth examination of SPA stock, go to TipRanks’ Overview page.