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The latest update is out from Cantex Mine Development ( (TSE:CD) ).
Cantex Mine Development has launched a metallurgical test program on its Massive Sulphide silver‑lead‑zinc‑germanium project at North Rackla and continues to extend the strike length of mineralization through step‑out drilling, with new holes intersecting sulphides and further assays pending. The company’s 2026 drill campaign will focus on expanding the Main Zone and testing multiple new regional targets using a new heli‑portable rig, as it follows up on anomalous surface gold and base metal results; while 2025 drilling failed to find significant new copper intervals, management is encouraged by recent sharp increases in silver and gold prices, which, if sustained, could enhance the potential value of its high‑grade silver zones and broader Yukon exploration portfolio.
The most recent analyst rating on (TSE:CD) stock is a Hold with a C$0.17 price target. To see the full list of analyst forecasts on Cantex Mine Development stock, see the TSE:CD Stock Forecast page.
Spark’s Take on TSE:CD Stock
According to Spark, TipRanks’ AI Analyst, TSE:CD is a Neutral.
The score is primarily constrained by weak financial performance (no revenue, ongoing losses, and continued cash burn with equity volatility). Technicals are more neutral than bearish, providing limited support, while valuation is not attractive on fundamentals given the negative P/E and lack of dividend.
To see Spark’s full report on TSE:CD stock, click here.
More about Cantex Mine Development
Cantex Mine Development Corp. is a mineral exploration company focused on silver, lead, zinc, copper, germanium and gold targets at its 100%-owned North Rackla projects in Canada’s Yukon Territory. The company is advancing a Massive Sulphide silver-lead-zinc-germanium discovery and exploring additional copper and base metal anomalies across a large 15km by 15km claim block, positioning itself to benefit from higher precious and base metal prices.
Average Trading Volume: 108,156
Technical Sentiment Signal: Hold
Current Market Cap: C$27M
See more insights into CD stock on TipRanks’ Stock Analysis page.