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Westhaven Ventures ( (TSE:WHN) ) has issued an update.
Westhaven Gold has commenced drilling at its Shovelnose gold and silver project in southern British Columbia, launching what it calls a transformational 2026 program. The initiative, contingent on shareholder approval of a proposed transaction with Dundee Corporation, envisions a C$20 million, 50,000-metre campaign that would be the largest drilling effort ever undertaken on the property.
The program will initially prioritize resource infill drilling at the South Zone to strengthen and potentially expand the existing resource base before shifting more heavily toward exploration drilling as additional rigs are added. Management says the work, planned to use up to four drill rigs, is intended to advance Shovelnose’s development prospects while hunting new discoveries, underscoring the project’s role as a cornerstone growth asset within the Spences Bridge Gold Belt.
The most recent analyst rating on (TSE:WHN) stock is a Hold with a C$0.24 price target. To see the full list of analyst forecasts on Westhaven Ventures stock, see the TSE:WHN Stock Forecast page.
Spark’s Take on TSE:WHN Stock
According to Spark, TipRanks’ AI Analyst, TSE:WHN is a Neutral.
The score is held back primarily by weak operating fundamentals (no revenue, ongoing losses, and negative free cash flow). Offsetting this are a strong low-debt balance sheet, improving near-term technical momentum, and constructive corporate events—most notably the Dundee earn-in and financing support that can fund project advancement.
To see Spark’s full report on TSE:WHN stock, click here.
More about Westhaven Ventures
Westhaven Gold Corp. is a Vancouver-based exploration and development company focused on low-sulphidation, high-grade epithermal gold and silver deposits in southern British Columbia’s Spences Bridge Gold Belt. The company controls roughly 60,263 hectares across four properties, with its Shovelnose project as the flagship asset, supported by a 2025 preliminary economic assessment outlining an 11-year, low-cost, high-margin underground mine with robust gold and silver production and strong projected economics.
Average Trading Volume: 471,639
Technical Sentiment Signal: Buy
Current Market Cap: C$58.29M
See more insights into WHN stock on TipRanks’ Stock Analysis page.