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BonTerra Resources ( (TSE:BTR) ) has shared an update.
Bonterra Resources has detailed its 2026 exploration program at the Phoenix joint venture with Gold Fields, centered on an 8,000-metre deep-drilling campaign at the Barry deposit and supported by upgrades to the Barry camp. Gold Fields, which can earn a 70% interest in the project by spending C$30 million, has already drilled over 79,000 metres and invested about C$25 million, and expects to complete the earn-in by mid-2026. The new C$4 million program will test down-plunge extensions of mineralization between roughly 750 and 850 metres depth and to the north and east of the deposit, aiming to grow Barry’s current 1.4-million-ounce resource base and capitalize on its existing mining lease and infrastructure, potentially enhancing the project’s long-term production prospects and reinforcing Bonterra’s strategic position in the Abitibi gold camp.
The most recent analyst rating on (TSE:BTR) stock is a Hold with a C$0.20 price target. To see the full list of analyst forecasts on BonTerra Resources stock, see the TSE:BTR Stock Forecast page.
Spark’s Take on TSE:BTR Stock
According to Spark, TipRanks’ AI Analyst, TSE:BTR is a Neutral.
The score is held back primarily by weak financial performance—no revenue, ongoing net losses, and persistent cash burn that likely requires continued financing—despite low leverage. Technicals are modestly supportive in the near term but still below longer-term trend measures, while valuation is constrained by negative earnings and no dividend. A positive corporate event (Hewfran Zone extension near existing infrastructure) improves the outlook but does not offset the current financial risk profile.
To see Spark’s full report on TSE:BTR stock, click here.
More about BonTerra Resources
Bonterra Resources is a Canadian gold exploration company focused on advancing its Phoenix joint venture project near Val-d’Or, Quebec, with partner Gold Fields. Its key asset within the JV is the Barry deposit, a past-producing gold mine with established underground infrastructure, a valid mining lease allowing both open-pit and underground extraction, and a defined mineral resource that remains open for further expansion.
Average Trading Volume: 189,771
Technical Sentiment Signal: Sell
Current Market Cap: C$40.35M
Find detailed analytics on BTR stock on TipRanks’ Stock Analysis page.