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An update from Westhaven Ventures ( (TSE:WHN) ) is now available.
Westhaven Gold Corp. has closed a C$3 million private placement with Dundee Corporation, issuing 12 million common shares at C$0.25 each, with the bulk of the proceeds earmarked for drilling and other exploration work, plus funds to maintain its properties and support working capital. The financing strengthens Westhaven’s balance sheet as it advances its Shovelnose project and broader portfolio in the Spences Bridge Gold Belt, potentially enhancing the company’s ability to capitalize on the positive economics outlined in its latest assessment and reinforcing its position among emerging Canadian gold developers.
The most recent analyst rating on (TSE:WHN) stock is a Hold with a C$0.26 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 gold-focused exploration and development company targeting low-sulphidation, high-grade epithermal gold mineralization in the Spences Bridge Gold Belt in southern British Columbia. The company controls approximately 61,512 hectares across four properties, with its Shovelnose Gold project being the most advanced asset, supported by a recent Preliminary Economic Assessment outlining an 11‑year, low-cost underground mining operation with robust projected gold and silver production and strong economic returns.
Average Trading Volume: 333,717
Technical Sentiment Signal: Hold
Current Market Cap: C$66.24M
See more data about WHN stock on TipRanks’ Stock Analysis page.