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SolGold ( (GB:SOLG) ) just unveiled an announcement.
SolGold has announced robust drilling results from its Tandayama América deposit, part of the Cascabel copper-gold project in Ecuador. The results highlight significant near-surface mineralisation, supporting SolGold’s strategy of a phased development pathway with low-capex, near-surface production. This approach aims to enhance project economics, provide early mill feed to Alpala’s processing facilities, and accelerate cash flow generation. The new findings reinforce the potential for open-pit evaluation and de-risk the overall project plan, offering a value-accretive opportunity for stakeholders.
The most recent analyst rating on (GB:SOLG) stock is a Buy with a £46.00 price target. To see the full list of analyst forecasts on SolGold stock, see the GB:SOLG Stock Forecast page.
Spark’s Take on GB:SOLG Stock
According to Spark, TipRanks’ AI Analyst, GB:SOLG is a Neutral.
SolGold’s financial challenges, marked by persistent losses and negative cash flows, heavily impact its score. Corporate events offer some optimism with strategic investments and governance improvements, but valuation remains poor.
To see Spark’s full report on GB:SOLG stock, click here.
More about SolGold
SolGold is a leading resources company focused on the discovery, definition, and development of world-class copper and gold deposits. The company operates with transparency and in accordance with international best practices, aiming to deliver value to its shareholders while providing economic and social benefits to impacted communities.
YTD Price Performance: 119.94%
Average Trading Volume: 11,616,898
Technical Sentiment Signal: Buy
Current Market Cap: £457M
Find detailed analytics on SOLG stock on TipRanks’ Stock Analysis page.