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Mackay Gold & Silver rated Sell due to high risk despite $60M financing and exploration plans in Nevada

Market News
27 Aug 2026
Seeking Alpha
View Source
Bearish
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Mackay Gold & Silver is a pre-revenue gold and silver explorer focused in Nevada, rated Sell because of high risks including dilution, liquidity, and regulatory challenges. The company recently consolidated land and acquired Comstock to boost exploration potential, targeting 1–2 million ounces of gold at low grades through Phase 1 drilling and 3D modeling planned through 2028. Despite raising $60.3 million, the critical factor remains confirming a mineable resource amid dated historical data. Investors should watch for resource confirmation before considering the stock due to significant uncertainties.

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