Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Sunshine Gold Ltd ( (AU:SHN) ) has issued an announcement.
Sunshine Metals has reported a new batch of high-grade near-surface gold and silver intercepts from 30 reverse circulation grade-control holes at the Liontown deposit, including some of the highest silver grades recorded at the project. The company has now completed 68 of a planned 84 holes and, on the back of these results, has expanded the program by about 37 additional holes to test the open eastern extent of the shallow oxide resource. The drilling is expected to refine mine planning and support potential toll-treatment discussions, while the ongoing Gold Mining Study for Liontown remains on track for completion in January 2026 and is being updated to incorporate the newly defined high-grade silver zones as Sunshine targets first gold and silver production in 2026.
The most recent analyst rating on (AU:SHN) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Sunshine Gold Ltd stock, see the AU:SHN Stock Forecast page.
More about Sunshine Gold Ltd
Sunshine Metals Limited is an Australian mineral exploration and development company focused on gold and silver assets within its Ravenswood Consolidated Project in North Queensland. The company is advancing shallow oxide gold and emerging high-grade silver resources at the Liontown deposit, targeting open-pit mining potential with access to existing regional mining infrastructure and potential toll-treatment options.
Average Trading Volume: 8,674,094
Technical Sentiment Signal: Hold
Current Market Cap: A$64.44M
For detailed information about SHN stock, go to TipRanks’ Stock Analysis page.