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Unigold ( (TSE:UGD) ) has provided an announcement.
Unigold is accelerating development of its Candelones oxide gold project in the Dominican Republic after securing strong local support through recent stakeholder outreach. The company has already completed a 2022 bankable feasibility study showing robust economics and holds extensive measured and indicated resources beyond the initial oxide reserves.
A new community survey conducted ahead of a full Environmental and Social Impact Assessment (ESIA) found over 70% of respondents back faster environmental studies and broader consultations, while also highlighting concerns around water quality, land impacts and benefit sharing. With over five years of baseline environmental data and a government site visit scheduled as the final step before terms of reference are issued, Unigold plans to submit an initial ESIA by late Q2 2026, run a 12‑month approval and consultation process, and advance detailed engineering so construction of the 100,000‑ounce oxide project can begin swiftly once approvals are in place.
The most recent analyst rating on (TSE:UGD) stock is a Hold with a C$0.22 price target. To see the full list of analyst forecasts on Unigold stock, see the TSE:UGD Stock Forecast page.
Spark’s Take on TSE:UGD Stock
According to Spark, TipRanks’ AI Analyst, TSE:UGD is a Neutral.
The score is primarily held down by weak financial performance (no revenue, continuing losses, and ongoing cash burn despite being debt-free) and a negative P/E tied to lack of profitability. Technicals provide partial support with a price trend above key moving averages and positive MACD, but overbought readings (RSI/Stoch) temper the upside.
To see Spark’s full report on TSE:UGD stock, click here.
More about Unigold
Unigold Inc. is a Canadian-based mineral exploration company focused on discovering and developing multi-million ounce gold deposits in the Caribbean. Its flagship Candelones gold deposits are located within the 100% owned Neita Sur concession in northwestern Dominican Republic, where the company has advanced permitting and is awaiting final approval of an exploitation concession from the President’s office.
Average Trading Volume: 191,901
Technical Sentiment Signal: Buy
Current Market Cap: C$84.21M
Learn more about UGD stock on TipRanks’ Stock Analysis page.