Westhaven Ventures ( (TSE:WHN) ) has provided an announcement.
Westhaven Gold Corp. has filed an independent technical report supporting the Updated Preliminary Economic Assessment (PEA) for its Shovelnose Gold Project in British Columbia. The report highlights the project’s potential as a robust, low-cost, high-margin mining opportunity with significant economic metrics, including a Cdn$454 million after-tax NPV and a 43.2% IRR. However, the PEA remains preliminary, with no certainty of realization, and the project still requires necessary consents and permits for production.
Spark’s Take on TSE:WHN Stock
According to Spark, TipRanks’ AI Analyst, TSE:WHN is a Neutral.
Westhaven Ventures faces significant financial challenges with no revenue generation and increasing losses. While the balance sheet shows low leverage, the company struggles with negative cash flow, raising concerns about financial sustainability. Technical indicators suggest a cautious outlook with bearish trends, and valuation metrics are unattractive due to negative earnings. These factors result in a low overall stock score.
To see Spark’s full report on TSE:WHN stock, click here.
More about Westhaven Ventures
Westhaven Gold Corp. is a gold-focused exploration company specializing in low sulphidation, high-grade, epithermal style gold mineralization within the Spences Bridge Gold Belt in Canada. The company controls approximately 61,512 hectares across four gold properties, with the Shovelnose Gold Project being the most advanced, offering a promising 11-year underground gold mining opportunity.
YTD Price Performance: 36.36%
Average Trading Volume: 161,580
Technical Sentiment Signal: Buy
Current Market Cap: C$22.6M
See more data about WHN stock on TipRanks’ Stock Analysis page.