Tudor Gold Corp.
Expands & Upgrades Resources Amid Rising M&A Activity
Published: 3/14/2024
Author: Sid Rajeev, B.Tech, CFA, MBA
*See important disclosures at the bottom of this reportSector: Basic Materials | Industry: Gold
Ticker Symbols:
TUD.V - NEO 🔹
TDRRF - NASDAQ 🔹
Highlights
TUD has completed an updated resource estimate for its 60% owned Treaty Creek project, located in the Golden Triangle, B.C.
Resources increased by 10% to 34 Moz AuEq (78% gold + 22% copper/silver). Eighty-two percent of resources are in the indicated category vs just 76% for the previous estimate, implying a higher level of confidence.
The weighted average grade was up 10% to 1.20 g/t AuEq, implying potential for lower OPEX/CAPEX.
We believe there is resource expansion potential as the Goldstorm deposit remains open i