First Berlin Equity Research has published a research update on Klondike Gold Corp. (ISIN: CA4989033010). Analyst Ellis Acklin reiterated his BUY rating and maintained his CAD 0.75 price target.

Klondike Gold made a number of headline grabbing gold discoveries in 2023 including four intercepts in the Stander Zone that assayed over 30 g/t Au. The shear gold intercepts logged last year may mean the gold explorer is zeroing in on significant discoveries. Initial 2024 fieldwork will focus on infill drilling within the 500 meters outlined in last year’s Stander Zone Au showings. We also expect KG’s mineral resource estimate (now: 0.6 Moz) to be updated by YE24 and to include this year’s findings as well as assays from 2023. Our valuation model is based on a 2 Moz resource, which appears to be well within reach. We reckon hitting this milestone would go a long way towards ending investor ennui that has persisted for nearly two years now. We are Buy-rated on Klondike Gold with an unchanged C$0.75 TP.