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Xali Gold Corp. ( (TSE:XGC) ) just unveiled an update.
Xali Gold Corp. has agreed to transfer its rights to the El Oro Tailings Project in Mexico to Kappes, Cassiday and Associates (KCA). This agreement allows KCA to process and sell all recovered gold and silver, with Xali Gold receiving a gross royalty from the sales. The transfer includes Xali Gold’s Mexican subsidiary and shifts all legal and operational responsibilities to KCA. This move is expected to enhance the project’s development and benefit stakeholders by leveraging KCA’s expertise in tailings reprocessing.
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. operates in the mining industry, focusing on the exploration and development of mineral properties. Its primary products include gold and silver, with a market focus on reprocessing mine tailings to recover these precious metals.
Average Trading Volume: 372,605
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$11.41M
See more data about XGC stock on TipRanks’ Stock Analysis page.