Bayhorse Silver Launches 2026 Work Program to Advance Bayhorse Mine Toward Full Production

An update from Bayhorse Silver ( (TSE:BHS) ) is now available.

Bayhorse Silver has outlined an extensive work program for the first half of 2026 aimed at advancing the Bayhorse Silver Mine toward full-scale underground production of up to 200 tons per day. The plan includes completing a final groundwater baseline study required for a full mine operating permit, running an approved 25-ton underground ‘run-of-mine’ metallurgical bulk sample through its ore-sorting and flotation circuit, and milling previously sorted and upgraded development material at its Payette flotation mill to optimize recoveries and confirm waste characterization for permitting and potential sale as construction gravel. The company will also carry out a 500-metre surface diamond drill program targeting shallow IP anomalies adjacent to and north of the current NI 43-101 inferred silver resource, with potential follow-up underground drilling of up to 1,000 metres depending on geophysical results, and a full antimony leach pilot program on current and future concentrates to monetize antimony and gold while selling the silver, copper and zinc balance. Supported by increased funding from recent warrant and option exercises, Bayhorse aims to use the 2026 work to upgrade its existing inferred resource and formally incorporate antimony, copper and zinc values, positioning the project to benefit from strong silver and gold prices and potentially enhancing its resource base and economic profile for investors and other stakeholders.

The most recent analyst rating on (TSE:BHS) stock is a Hold with a C$0.13 price target. To see the full list of analyst forecasts on Bayhorse Silver stock, see the TSE:BHS Stock Forecast page.

Spark’s Take on TSE:BHS Stock

According to Spark, TipRanks’ AI Analyst, TSE:BHS is a Neutral.

Overall score is held back primarily by weak financial performance (no revenue, ongoing losses, negative cash flow, and negative equity), indicating elevated funding and execution risk. Technicals are relatively strong with a clear uptrend and positive momentum indicators, while valuation is constrained by losses and the absence of dividend support. Recent corporate updates are constructive but remain largely developmental.

To see Spark’s full report on TSE:BHS stock, click here.

More about Bayhorse Silver

Bayhorse Silver Inc. is a junior mining company focused on developing the Bayhorse Silver Mine in Idaho, with an emphasis on underground silver production complemented by by-product metals such as antimony, copper and zinc. The company operates its own permitted flotation mill in Payette, Idaho, and targets the precious and critical metals markets by upgrading and processing mineralized material from its underground workings.

Average Trading Volume: 600,070

Technical Sentiment Signal: Buy

Current Market Cap: C$52.38M

For an in-depth examination of BHS stock, go to TipRanks’ Overview page.