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Northstar Gold ( (TSE:NSG) ) has provided an announcement.
Northstar Gold Corp. has signed a definitive agreement with Novamera Inc. to utilize Novamera’s patented Turnkey Surgical Mining technology at the Cam Copper Project in Ontario. This collaboration aims to assess the feasibility of extracting high-grade copper using a precision, low-impact method that reduces capital expenditures and environmental impact. The project involves extracting approximately 116,000 tonnes of material over 31 months, with Northstar providing an advance payment of $1.535 million. Novamera will be compensated through a variable tonnage rate and a potential 5% Net Smelter Return revenue share. The agreement represents a significant step for Northstar in advancing the Cam Copper Project while minimizing risks and environmental disturbance.
Spark’s Take on TSE:NSG Stock
According to Spark, TipRanks’ AI Analyst, TSE:NSG is a Underperform.
Northstar Gold’s financial struggles, marked by no revenue and persistent losses, are major concerns impacting its stock score. Technical indicators show a bearish trend, adding to the negative outlook. Although the discovery of a new gold horizon offers some optimism, the poor valuation and financial performance weigh heavily on the overall score.
To see Spark’s full report on TSE:NSG stock, click here.
More about Northstar Gold
Northstar Gold Corp. operates in the mining industry, focusing on the exploration and development of mineral properties. The company’s primary products include copper and gold, with a market focus on high-grade mineral deposits. Northstar owns the Miller Copper-Gold Property in Ontario, Canada.
Average Trading Volume: 208,853
Technical Sentiment Signal: Sell
Current Market Cap: C$3.89M
For a thorough assessment of NSG stock, go to TipRanks’ Stock Analysis page.