Claim 50% 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
An announcement from Volcanic Gold Mines Inc ( (TSE:VG) ) is now available.
Volcanic Gold Mines Inc. has welcomed Aura Minerals’ receipt of a construction licence and start of early works on the Era Dorado underground gold mine in Guatemala, viewing the 1.6‑million‑ounce project as a key catalyst for the country’s mining sector and broader economic development. Management believes that successful, socially and environmentally responsible construction and operation of the nearby Era Dorado mine could ease local opposition and pave the way for resuming exploration and potential underground development at Volcanic’s Holly project, which hosts an inferred resource of roughly 270,000 ounces of gold and 11 million ounces of silver, while the company also continues to evaluate additional opportunities in Guatemala and across Central America.
The most recent analyst rating on (TSE:VG) stock is a Hold with a C$0.10 price target. To see the full list of analyst forecasts on Volcanic Gold Mines Inc stock, see the TSE:VG Stock Forecast page.
Spark’s Take on TSE:VG Stock
According to Spark, TipRanks’ AI Analyst, TSE:VG is a Neutral.
The score is held down primarily by weak financial performance (no revenue, ongoing losses, and sustained cash burn with balance sheet erosion risk). Technicals are also soft with the stock below key longer-term moving averages, while valuation is constrained by negative earnings and no dividend. A recent negative corporate event (drilling delay tied to local resistance) adds additional execution risk.
To see Spark’s full report on TSE:VG stock, click here.
More about Volcanic Gold Mines Inc
Volcanic Gold Mines Inc. is a Vancouver-based mineral exploration company focused on building multi-million-ounce gold and silver resources in Guatemala and Central America. The company’s core assets include the Holly project in Guatemala, where it is targeting high-grade underground gold and silver mineralization, supported by an experienced mining, exploration and capital markets team.
Average Trading Volume: 53,267
Technical Sentiment Signal: Sell
Current Market Cap: C$7.13M
Find detailed analytics on VG stock on TipRanks’ Stock Analysis page.