Positive Drill Results and Expansion Plans Bolster Buy Rating for Omai Gold Mines

Atrium Research analyst Ben Pirie maintained a Buy rating on Omai Gold Mines (OMG – Research Report) yesterday and set a price target of C$0.80.

Ben Pirie has given his Buy rating due to a combination of factors, primarily the positive drill results from Omai Gold Mines’ ongoing exploration program. The company reported significant gold intersections at its Omai Gold Project, with one of the standout drill holes revealing high-grade gold over a substantial length, which indicates the potential for resource expansion.
Furthermore, the decision to expand the 2025 drill program from 10,000 meters to 15,000 meters underscores the company’s confidence in the project’s prospects. With additional assay results pending and plans for updated mineral resource and economic assessments in the coming years, these developments suggest a promising outlook for the company’s growth and value, supporting the Buy recommendation.

According to TipRanks, Pirie is a 4-star analyst with an average return of 14.0% and a 37.78% success rate.