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An update from Abitibi Metals ( (TSE:AMQ) ) is now available.
Abitibi Metals has announced a substantially upgraded mineral resource estimate for its B26 polymetallic deposit, with indicated resources rising 14% to 13.0 million tonnes at 2.1% copper equivalent and inferred resources jumping 72% to 12.3 million tonnes at 2.2% copper equivalent. The update, driven by nearly 43,000 metres of drilling in recent campaigns, translates into significant increases in contained metals across both categories, including a 40% rise in copper, 22% in gold, 21% in silver and 9% in zinc compared with the 2024 estimate. With mineralization remaining open laterally and at depth and a fully funded 40,000‑metre Phase 4 drill program now underway, the company is positioning B26 as a cornerstone copper‑gold VMS asset with scale comparable to major regional deposits, bolstering its growth profile and reinforcing Québec’s status as a competitive mining jurisdiction.
The most recent analyst rating on (TSE:AMQ) stock is a Hold with a C$0.76 price target. To see the full list of analyst forecasts on Abitibi Metals stock, see the TSE:AMQ Stock Forecast page.
Spark’s Take on TSE:AMQ Stock
According to Spark, TipRanks’ AI Analyst, TSE:AMQ is a Neutral.
The score is driven primarily by a strong, debt-free balance sheet but offset by no revenue, widening losses, and ongoing cash burn. Technicals are supportive on trend but show very overbought momentum, while valuation is constrained by negative earnings and no dividend data.
To see Spark’s full report on TSE:AMQ stock, click here.
More about Abitibi Metals
Abitibi Metals Corp. is an emerging critical-minerals company focused on developing high-grade copper-gold volcanogenic massive sulphide (VMS) assets in the Abitibi Greenstone Belt of Québec. The company’s flagship B26 polymetallic deposit hosts copper, zinc, gold and silver, and Abitibi currently owns 50% of the project with an option to increase its stake by a further 30% from SOQUEM, a subsidiary of Investissement Québec, underscoring its strategic positioning in a key Canadian mining jurisdiction.
Average Trading Volume: 708,680
Technical Sentiment Signal: Buy
Current Market Cap: C$116.1M
Learn more about AMQ stock on TipRanks’ Stock Analysis page.