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Capitan Silver ( (TSE:CAPT) ) has shared an update.
Capitan Silver Corp. has launched an expanded 60,000-metre, multi-rig drilling program for 2026 at its Cruz de Plata silver-gold project in Durango, Mexico, a fourfold increase over its 2025 plan. The campaign will deploy a combination of reverse circulation and core drilling across high-priority silver and gold targets, including the Jesus Maria Silver Trend, Casco Norte, La Purisima, Capitan Hill, La Providencia and El Tubo, with objectives ranging from extending known high-grade zones to infill drilling aimed at upgrading resources. Supported by C$29 million in recently raised funding from institutional investors, Capitan is well financed to execute its exploration strategy and follow up on 2025 drilling that confirmed continuity and growth of the mineralized system, with pending assay results and a property-wide geophysical survey expected to provide further catalysts as the company advances Cruz de Plata toward an initial silver resource and strengthens its position in the silver exploration space.
The most recent analyst rating on (TSE:CAPT) stock is a Buy with a C$3.50 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 junior mining exploration company focused on advancing its Cruz de Plata silver-gold project in Durango, Mexico. The company targets high-grade silver and gold mineralization along multiple vein trends and fault zones, positioning itself as a high-quality silver investment vehicle backed by institutional financing.
YTD Price Performance: -4.55%
Average Trading Volume: 137,697
Technical Sentiment Signal: Buy
Current Market Cap: C$269.9M
Learn more about CAPT stock on TipRanks’ Stock Analysis page.