Capitan Silver Corp. Reports Major Increase in Gold Resources at Capitan Hill

The latest announcement is out from Capitan Silver ( (TSE:CAPT) ).

Capitan Silver Corp. has announced a significant update to its Mineral Resource Estimate (MRE) for the Capitan Hill Oxide Gold Deposit, part of its Cruz de Plata project in Mexico. The updated MRE shows a 115% increase in inferred gold resources, now totaling 525,000 troy ounces, compared to previous estimates. This growth highlights the quality of the deposit and enhances the project’s value, despite silver remaining the company’s main focus. The announcement also includes ongoing drilling activities and a property-wide geophysical survey, which are expected to further define and expand the resource potential.

The most recent analyst rating on (TSE:CAPT) stock is a Buy with a C$2.40 price target. To see the full list of analyst forecasts on Capitan Silver stock, see the TSE:CAPT Stock Forecast page.

Spark’s Take on TSE:CAPT Stock

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

Capitan Mining’s overall stock score reflects significant financial challenges due to zero revenue and negative cash flows, outweighed by relatively strong technical indicators and promising corporate events involving strategic exploration and financing initiatives. However, the lack of profitability as indicated by the negative P/E ratio and absence of dividend yield is a concern.

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

More about Capitan Silver

Capitan Silver Corp. is a company operating in the mining industry, focusing primarily on silver and gold exploration and development. The company’s key project is the Cruz de Plata silver-gold project located in Durango, Mexico, with a significant emphasis on silver as its primary product.

Average Trading Volume: 125,421

Technical Sentiment Signal: Buy

Current Market Cap: C$268.5M

For a thorough assessment of CAPT stock, go to TipRanks’ Stock Analysis page.