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Inventus Mining ( (TSE:IVS) ) has provided an announcement.
Inventus Mining Corp. has announced the completion of grade-control drilling at its Trench 1 North Bulk Sample Site at the Pardo Gold Project, revealing a weighted average grade of 4.00 gpt gold over 1.50 metres. The company plans to extract 10,000 tonnes from this site, contributing to its ongoing bulk sampling program. Additionally, Inventus has delivered a total of 14,909 tonnes from two bulk samples to McEwen’s Stock Mill, with processing anticipated in the coming months. These developments underscore the potential for the Pardo project to evolve into a scalable, low-cost mining operation, bolstered by rising gold prices.
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. operates in the mining industry, focusing on the exploration and development of gold projects. The company is primarily engaged in the Pardo Gold Project located in Ontario, Canada, which is 100% owned by Inventus.
Average Trading Volume: 239,170
Technical Sentiment Signal: Buy
Current Market Cap: C$65.88M
For a thorough assessment of IVS stock, go to TipRanks’ Stock Analysis page.