Morningstar Quantitative ratings for equities (denoted on this page by) are generated using an algorithm that compares companies that are not under analyst coverage to peer companies that do receive analyst-driven ratings. Companies withratings are not formally covered by a Morningstar analyst, but are statistically matched to analyst-rated companies, allowing our models to calculate a quantitative moat, fair value, and uncertainty rating. Click here for more on how to use these ratings.
Loncor Resources Inc is a gold exploration company with projects in the DRC. The company is engaged in exploration and project development. It focuses on effectively managing the exploration and drilling of its existing resources in order to pursue organic growth opportunities utilizing management expertise within the DRC. In addition to its own key deposits at Imbo, Loncor has a JV with Barrick Gold over 2000sqkm of Loncor's Ngayu ground where definition drilling has begun.
Toronto, ON, M5X 1E3, Canada