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An update from Capitan Mining ( (TSE:CAPT) ) is now available.
Capitan Silver Corp. has executed a definitive agreement to acquire a strategic land package at its Cruz de Plata project in Durango, Mexico. This acquisition involves seven mineral concessions, expanding Capitan Silver’s land position by approximately 85% and extending the silver-gold trend by 1.2 km to the east. The transaction, valued at US$4 million, is expected to consolidate the land package, open additional ground for potential infrastructure development, and optimize project design. The acquisition from Minera Fresnillo S.A. de C.V. involves no royalties or share payments and awaits final approval from the Public Registry of Mines.
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 track record of successfully advancing and developing several precious-metal operations in Mexico over the past 16 years.
Average Trading Volume: 105,475
Technical Sentiment Signal: Buy
Current Market Cap: C$112.1M
See more insights into CAPT stock on TipRanks’ Stock Analysis page.