GORILLA GOLD MINES LIMITED (GG8)
Share Price Analysis and Chart

14/09/2026

1

Speculative Buy

$1.00

194.12%

Canaccord Genuity maintains a Speculative Buy rating for Gorilla Gold Mines with a $1.00 target price following an operational update outlining drilling, permitting, and metallurgical progress at the Comet Vale Project in Western Australia.

Diamond drilling at the Lakeview deposit returned an intercept of 7.0m at 12.6g/t gold from 393m, extending high-grade mineralisation at depth and indicating resource growth potential beyond the existing 350koz inventory.

The project received final regulatory approval for underground mining activities at the nearby Sovereign deposit, removing a major hurdle for future development of the 410koz resource.

Metallurgical variability testing across Sovereign, Lakeview, and Cheer delivered an average 94.6% gold recovery after 48 hours utilising a coarse 150-micron grind size, which the analyst believes points to a straightforward processing route with standard reagent consumption.

Canaccord Genuity values the business using an enterprise value to resource multiple methodology benchmarked against domestic developer peers, noting multiple active drill rigs position the company to deliver steady news flow throughout 2026.