Lake Victoria Gold Expands Depth of Imwelo Project, Significantly Enhancing Gold Potential
Written by Emily J. Thompson, Senior Investment Analyst
Source: Globenewswire
- Significant Drilling Results: Lake Victoria Gold's ongoing 4,000-meter drilling program at the Imwelo Gold Project in Tanzania has revealed assays of 20.77 g/t gold at 93.34 meters depth, confirming mineralization extends to 250 meters, surpassing historical resource limits and enhancing confidence in future resource expansion.
- Resource Upgrade Potential: To date, 16 of the 24 planned holes have been completed, with results aligning with the existing resource model, thereby increasing the likelihood of inferred resources being upgraded to indicated status, further solidifying the company's position in the gold market.
- Dual-Track Strategy Advancement: Concurrently, Lake Victoria Gold is advancing its 3,000-meter drilling program at the Tembo Project, targeting the Ngula 1 zone, where past intercepts showed high-grade gold at 28.57 g/t, which is expected to support future resource growth.
- Robust Funding Support: The company has secured a gold prepay facility with Monetary Metals and a strategic investment of C$11.52 million from Taifa Group, ensuring a stable financial runway that lays the groundwork for transitioning from explorer to producer.
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Analyst Views on NFG
Wall Street analysts forecast NFG stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for NFG is 101.00 USD with a low forecast of 96.00 USD and a high forecast of 106.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
4 Analyst Rating
0 Buy
4 Hold
0 Sell
Hold
Current: 83.090
Low
96.00
Averages
101.00
High
106.00
Current: 83.090
Low
96.00
Averages
101.00
High
106.00
About NFG
National Fuel Gas Company is a diversified, integrated energy company with a complementary mix of natural gas assets. It is engaged in the production, gathering, transportation, storage and distribution of natural gas. Its segments include Exploration and Production, Pipeline and Storage, Gathering, and Utility. The Exploration and Production segment is engaged in the exploration for, and the development and production of, primarily natural gas in the Appalachian region of the United States. The Pipeline and Storage segment provides interstate natural gas transportation services for affiliated and nonaffiliated companies through integrated natural gas pipeline systems in Pennsylvania and New York. The Gathering segment builds, owns, and operates gathering facilities in the Appalachian region. The Utility segment provides natural gas utility services to approximately 755,000 customers through a local distribution system located in western New York and northwestern Pennsylvania.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
National Fuel Gas Company Q1 2026 Earnings Call Highlights
- Stable Earnings Performance: National Fuel Gas Company reported adjusted EPS of $2.06 for Q1, aligning with expectations and demonstrating operational stability during challenging winter conditions.
- Significant EBITDA Growth: The integrated upstream and gathering segment saw a 29% year-over-year increase in adjusted EBITDA, driven by a three-year rate settlement in New York and pipeline modernization efforts in Pennsylvania, strengthening the company's financial foundation.
- Production and Capital Efficiency Gains: The company achieved net production of 109 Bcf in the first quarter, a 12% increase year-over-year, while capital efficiency improved by 30% since 2023, laying a solid groundwork for future growth.
- Acquisition Progress on Track: National Fuel completed a $350 million private placement of common stock to meet equity needs for the CenterPoint Ohio acquisition, which is expected to further drive market expansion and financial stability.
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