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An update from Capitan Silver ( (TSE:CAPT) ) is now available.
Capitan Silver Corp. has launched a 60,000-metre multi-rig drilling program for 2026 at its Cruz de Plata silver-gold project in Durango, Mexico, marking a 400% increase over its prior-year plan and more than doubling all historical drilling on the property. The program, funded by C$29 million recently raised from institutional investors, will deploy up to four rigs to expand advanced silver zones along the 3.7-km Jesus Maria trend, test multiple new high-grade silver and gold targets, and conduct infill drilling at the Capitan Hill gold deposit, alongside broader mapping, trenching and geophysical work. Following a year of renewed activity in 2025 that included land consolidation, a key royalty buyback and drilling that confirmed continuity and growth of the mineralized system, the 2026 campaign is intended to advance Cruz de Plata toward an initial silver resource and strengthen Capitan Silver’s 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 exploration company focused on advancing its Cruz de Plata silver-gold project in Durango, Mexico. The company targets high-grade silver and associated gold mineralization, positioning itself as a high-quality silver investment vehicle through aggressive exploration, land consolidation, and strategic financings backed by institutional investors.
YTD Price Performance: -4.55%
Average Trading Volume: 137,697
Technical Sentiment Signal: Buy
Current Market Cap: C$269.9M
Find detailed analytics on CAPT stock on TipRanks’ Stock Analysis page.