Liberty Gold Secures Strategic Investment from Centerra Gold

An update from Liberty Gold ( (TSE:LGD) ) is now available.

Liberty Gold Corp. has completed a strategic private placement with Centerra Gold Inc., resulting in Centerra acquiring a 9.9% stake in Liberty Gold for approximately C$28.01 million. The proceeds will be used to advance technical studies at Liberty Gold’s Black Pine project in Idaho. This investment is seen as a validation of the project’s progress and potential, with Centerra’s involvement expected to accelerate the project’s path towards feasibility and construction. The agreement also includes investor rights for Centerra, such as board representation and participation rights.

The most recent analyst rating on (TSE:LGD) stock is a Buy with a C$4.25 price target. To see the full list of analyst forecasts on Liberty Gold stock, see the TSE:LGD Stock Forecast page.

Spark’s Take on TSE:LGD Stock

According to Spark, TipRanks’ AI Analyst, TSE:LGD is a Underperform.

Liberty Gold faces significant financial challenges, with no revenue and ongoing losses, heavily weighing down its stock score. However, recent corporate events suggest potential for future improvement, offering some hope. Technical indicators and unattractive valuation metrics further contribute to a low overall stock score.

To see Spark’s full report on TSE:LGD stock, click here.

More about Liberty Gold

Liberty Gold is focused on developing open pit oxide deposits in the Great Basin of the United States, a region known for large-scale gold projects suitable for open-pit mining. The company is advancing the Black Pine project in southeastern Idaho, a past-producing, Carlin-style gold system with significant economic potential for profitable open-pit/heap leach operations.

Average Trading Volume: 667,096

Technical Sentiment Signal: Buy

Current Market Cap: C$291.3M

See more data about LGD stock on TipRanks’ Stock Analysis page.