Loncor Gold, Inc. engages in the acquisition, exploration, and development of gold and mineral properties. The company is headquartered in Toronto, Ontario and currently employs 59 full-time employees. The firm is focused on projects within an approximately 480 square kilometers (km2) area on the Ngayu Greenstone Belt in the Northeast of The Democratic Republic of the Congo (the DRC). The area is located over 220 kilometers southwest of the Kibali gold mine, which is operated by Barrick Gold (Congo) SARL. The company owns or controls a contiguous block of 46 exploration permits covering an area of over 13,000 km2 to the northwest of Lake Edward in North Kivu province. The Adumbi gold deposit is found within the Company’s 84.68% owned Imbo Project area. At the Imbo Project, the Adumbi deposit holds an indicated mineral resource of 1.88 million ounces of gold, and the Adumbi deposit and two neighboring deposits hold an inferred mineral resource of approximately 2.090 million ounces of gold with 84.68% of these resources being attributable to the Company.
Follow-Up Questions
What is the price performance of LONCF stock?
The current price of LONCF is $0.6825, it has decreased 0% in the last trading day.
What are the primary business themes or industries for Loncor Gold Inc?
Loncor Gold Inc belongs to Metals & Mining industry and the sector is Materials
What is Loncor Gold Inc market cap?
Loncor Gold Inc's current market cap is $120.1M
Is Loncor Gold Inc a buy, sell, or hold?
According to wall street analysts, 5 analysts have made analyst ratings for Loncor Gold Inc, including 3 strong buy, 6 buy, 1 hold, 0 sell, and 3 strong sell
