Canaccord Genuity initiates coverage on Gorilla Gold stock with Spec. Buy

Published 24/11/2025, 07:16
Canaccord Genuity initiates coverage on Gorilla Gold stock with Spec. Buy

Investing.com - Canaccord Genuity initiated coverage on Gorilla Gold Mines (ASX:GG8) with a Speculative Buy rating and a price target of AUD1.00.

The Western Australian gold explorer has established a portfolio of three high-grade, past-producing projects located near major mining and processing hubs across the Eastern Goldfields region.

Gorilla Gold’s assets include Comet Vale, acquired in 2018, which contains 95,700 ounces of gold at a grade of 3.4 grams per tonne.

The company expanded its holdings in 2024 with the acquisition of Mulwarrie from Genesis Minerals, containing 350,000 ounces at 3.6 grams per tonne, and Vivien from Ramelius Resources, containing 278,000 ounces at 4.1 grams per tonne.

The three projects combined give Gorilla Gold a total resource base of 723,700 ounces of high-grade gold in Western Australia’s established gold mining districts.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.