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The latest announcement is out from Capitan Mining ( (TSE:CAPT) ).
Capitan Silver Corp. has completed the purchase of the Altiplano royalty at the Cruz de Plata Project, eliminating a Net Smelter Royalty (NSR) that ranged up to 2% on key targets, including gold-silver resource areas at Capitan Hill and Jesús María. This strategic move, achieved through cash and share payments totaling $1M USD, aligns with Capitan’s commitment to maximizing shareholder returns by removing all royalties on the project. The remaining royalties on the Cruz de Plata project are also under favorable terms for retirement, further enhancing the project’s potential value.
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 Mining
Capitan Silver Corp. is a Canadian exploration company focused on advancing its Cruz de Plata silver-gold project located in Durango, Mexico. The company is led by a management team with a successful track record in developing precious-metal operations in Mexico over the past 16 years.
Average Trading Volume: 52,852
Technical Sentiment Signal: Buy
Current Market Cap: C$96.38M
Find detailed analytics on CAPT stock on TipRanks’ Stock Analysis page.