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An update from TNR Gold Corp (new) ( (TSE:TNR) ) is now available.
TNR Gold Corp announced that the Los Azules copper project, operated by McEwen Copper, has been approved to join Argentina’s Large Investment Incentive Regime (RIGI). This inclusion signifies a major endorsement for the project, which is set to become a milestone in Argentina’s mining history by producing high-purity copper cathodes. The project is expected to generate substantial export revenues and contribute positively to local economic development. The RIGI offers numerous benefits, including legal and fiscal stability, which enhance the project’s feasibility and attractiveness to international investors. With the feasibility study nearing completion, the project is poised to begin construction, marking a significant step forward in sustainable mining and economic development in the region.
The most recent analyst rating on (TSE:TNR) stock is a Buy with a C$0.30 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, holding a net smelter returns royalty on the Los Azules copper project in Argentina, which is a significant focus for the company.
Average Trading Volume: 135,167
Technical Sentiment Signal: Buy
Current Market Cap: C$19.67M
See more data about TNR stock on TipRanks’ Stock Analysis page.