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Xali Gold Corp. ( (TSE:XGC) ) has provided an update.
Xali Gold Corp. has closed the first tranche of a non-brokered private placement, raising C$1.5 million, with a second tranche of up to C$0.5 million expected in early January 2026. The funds will be used primarily to make a US$500,000 payment to Pan American Silver Corp. to finalize the acquisition of the Pico Machay gold property in Peru, support exploration work on the project, and provide working capital, marking a key step in Xali Gold’s growth strategy as it advances a near-term production asset and strengthens its position in the regional gold exploration sector.
Spark’s Take on TSE:XGC Stock
According to Spark, TipRanks’ AI Analyst, TSE:XGC is a Underperform.
Xali Gold Corp.’s stock score is low due to significant financial instability, including zero revenue and high leverage. Technical indicators show neutral momentum, while valuation metrics are unfavorable. Recent corporate events indicate potential for exploration and strategic growth, but the current financial position heavily weighs down the overall score.
To see Spark’s full report on TSE:XGC stock, click here.
More about Xali Gold Corp.
Xali Gold Corp. is a gold and silver exploration company focused on advancing projects in the Americas. Its primary focus is on completing the acquisition, exploration and development of the Pico Machay advanced-stage gold project in South America, while also maintaining exploration potential and royalty agreements on gold and silver production from areas of the El Oro district.
Average Trading Volume: 260,849
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$14.97M
For an in-depth examination of XGC stock, go to TipRanks’ Overview page.