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Gold79 Mines ( (TSE:WPG) ) has issued an update.
West Point Gold Corp. announced positive preliminary metallurgical results from its Gold Chain Project in Arizona, with gold recoveries reaching up to 86% from the Tyro target. The company plans to conduct further testing, including a small-scale bulk sampling program, to optimize recovery processes. Additionally, West Point Gold has decided not to continue with its Jefferson North Project in Nevada, which required significant property payments over the next two years.
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 mining company focused on gold exploration and development projects. The company operates primarily in Arizona and Nevada, with key projects including the Gold Chain Project and the Jefferson North Project.
Average Trading Volume: 252,319
Technical Sentiment Signal: Hold
Current Market Cap: C$32.92M
For an in-depth examination of WPG stock, go to TipRanks’ Overview page.