TNR Gold Reports Progress on Los Azules Copper Project

TNR Gold Corp (new) ( (TSE:TNR) ) has shared an update.

TNR Gold Corp announced an update regarding the Los Azules copper project in Argentina, where it holds a 0.4% net smelter returns royalty. McEwen Mining, through its subsidiary McEwen Copper, has invested significantly in advancing the project’s feasibility study, with a definitive feasibility study expected by July 2025. The project is one of the largest undeveloped copper deposits globally and has received environmental impact assessment approval. Furthermore, McEwen Copper has applied for the Los Azules project to be included in Argentina’s Regime of Incentives for Investment, which could provide substantial fiscal benefits and regulatory advantages, potentially enhancing the project’s financial viability and attractiveness to investors.

The most recent analyst rating on (TSE:TNR) stock is a Buy with a C$0.24 price target. To see the full list of analyst forecasts on TNR Gold Corp (new) stock, see the TSE:TNR Stock Forecast page.

Spark’s Take on TSE:TNR Stock

According to Spark, TipRanks’ AI Analyst, TSE:TNR is a Neutral.

TNR Gold Corp’s overall stock score is heavily impacted by its poor financial performance due to persistent losses and lack of revenue. However, positive technical indicators and promising corporate events offer some optimism.

To see Spark’s full report on TSE:TNR stock, click here.

More about TNR Gold Corp (new)

TNR Gold Corp is a company involved in the mining industry, primarily focusing on holding net smelter returns royalties on mining projects. The company is particularly engaged with projects involving copper, gold, and silver, with a significant interest in the Los Azules copper project in Argentina.

Average Trading Volume: 222,614

Technical Sentiment Signal: Strong Buy

Current Market Cap: C$12.35M

For a thorough assessment of TNR stock, go to TipRanks’ Stock Analysis page.