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Inventus Mining ( (TSE:IVS) ) has provided an announcement.
Inventus Mining Corp. has initiated its Phase 2 drilling program at the Pardo Gold Project, aiming to expand and confirm the continuity of gold mineralization. This phase involves 98 shallow holes totaling approximately 2,500 meters, with the goal of advancing towards a maiden resource estimate and future production permitting. Additionally, the company is preparing for the processing of a 5,000-tonne bulk sample, which is expected to validate the project’s grade, recoveries, and potential for near-term cash flow. These developments mark significant steps towards establishing Pardo as a potential surface-mining operation, enhancing Inventus’s position in the industry.
Spark’s Take on TSE:IVS Stock
According to Spark, TipRanks’ AI Analyst, TSE:IVS is a Neutral.
Inventus Mining’s overall stock score is primarily weighed down by severe financial weaknesses, including negative cash flows, high debt levels, and no revenue generation. The technical analysis provides some hope of a rebound, and recent corporate events suggest potential future improvements. However, significant risks remain due to poor current financial and valuation metrics.
To see Spark’s full report on TSE:IVS stock, click here.
More about Inventus Mining
Inventus Mining Corp. is a mineral exploration and development company focused on the Sudbury mining district in Ontario. The company holds a 100% interest in the Pardo Paleoplacer Gold Project and the Sudbury 2.0 Critical Mineral Project, with the Pardo project being the first significant paleoplacer gold discovery in North America.
Average Trading Volume: 230,249
Technical Sentiment Signal: Buy
Current Market Cap: C$55.82M
See more insights into IVS stock on TipRanks’ Stock Analysis page.