An update from Loncor Gold ( (TSE:LN) ) is now available.
On April 25, 2025, Loncor Gold Inc. announced promising results from its deep drilling program at the Adumbi deposit, revealing multiple gold intersections in its deepest borehole, LADD029. This drilling extends the gold mineralization to 805 meters below the surface, highlighting the potential for significant underground mineral resources beyond the current 3.66 million ounces estimated for the Adumbi open pit. The results suggest a robust mineralized banded ironstone formation, indicating potential growth in the northwest of the deposit, which could enhance Loncor’s industry positioning and offer substantial implications for stakeholders.
Spark’s Take on TSE:LN Stock
According to Spark, TipRanks’ AI Analyst, TSE:LN is a Underperform.
Loncor Gold’s stock score is primarily impacted by its financial instability, characterized by no revenue, rising losses, and negative cash flows. While technical analysis shows some potential for positive momentum, the company’s valuation remains poor with a negative P/E ratio. Notable corporate events highlight future growth potential but do not offset current financial challenges.
To see Spark’s full report on TSE:LN stock, click here.
More about Loncor Gold
Loncor Gold Inc. is a Canadian gold exploration company focused on the Ngayu Greenstone Gold Belt in the northeast of the Democratic Republic of the Congo. The company has a growing resource base in the Ngayu Belt, primarily centered on the Imbo Project. The Adumbi deposit, part of this project, holds an indicated mineral resource of 1.88 million ounces of gold and an inferred mineral resource of 2.09 million ounces of gold, with a significant portion attributable to Loncor.
Average Trading Volume: 131,200
Technical Sentiment Signal: Buy
Current Market Cap: C$88.13M
For detailed information about LN stock, go to TipRanks’ Stock Analysis page.