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The latest announcement is out from Gold79 Mines ( (TSE:WPG) ).
West Point Gold Corp. reported that 2025 was a transformative year marked by over 9,000 metres of drilling at its Gold Chain project in Arizona, the discovery and delineation of a new high-grade zone at NE Tyro, an upgraded exploration target with improved expected grades at the Tyro Main Zone, and initial metallurgical tests showing gold recoveries of up to 86%. The company strengthened its balance sheet with approximately C$13 million in gross proceeds, expanded its ongoing drill program to 15,000 metres with a second rig, acquired the advanced-stage Baxter Spring project in Nevada to bolster its U.S. portfolio, and outlined 2026 catalysts including ongoing assay results from Gold Chain, a maiden resource estimate for the Tyro Main Zone, additional metallurgical data, and permitting milestones at Jefferson Canyon, collectively positioning the firm for potential resource definition and value creation in a robust precious metals market.
Spark’s Take on TSE:WPG Stock
According to Spark, TipRanks’ AI Analyst, TSE:WPG is a Neutral.
Gold79 Mines faces severe financial challenges with negative revenue and cash flow, which heavily impacts its stock score. While the technical indicators show some short-term positive momentum, the company’s poor valuation metrics and financial health weigh down its overall attractiveness. However, promising drill results offer a glimmer of hope for future growth, slightly mitigating the negative aspects.
To see Spark’s full report on TSE:WPG stock, click here.
More about Gold79 Mines
West Point Gold Corp. is a Canadian gold exploration company focused on advancing precious metals projects in the southwestern United States, with its flagship Gold Chain project in Arizona and a growing portfolio in Nevada. The company targets low-sulphidation epithermal gold systems and aims to delineate significant open-pit, potentially heap-leachable resources in established mining jurisdictions.
Average Trading Volume: 399,937
Technical Sentiment Signal: Buy
Current Market Cap: C$153M
Learn more about WPG stock on TipRanks’ Stock Analysis page.