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Capitan Silver ( (TSE:CAPT) ) has provided an announcement.
Capitan Silver has expanded drilling capacity at its flagship Cruz de Plata project with the arrival of a third rig, the second of three planned diamond core rigs, joining an existing reverse circulation rig on site. This new rig will target high-grade silver mineralization on the western end of the Jesus Maria trend, including the Gully Fault Zone and central Jesus Maria vein, with an emphasis on extending mineralization at depth and refining understanding of earlier high-grade intercepts.
The company is executing an aggressive 60,000-metre drill program for 2026, four times larger than its 2025 campaign, aimed at expanding multiple high-grade zones across Targets A, B and C. With 34 drill holes pending final assays and drilling now testing both sides of the Peñoles Fault, the program is positioned to significantly upgrade the scale and continuity of mineralization at Cruz de Plata, potentially enhancing the project’s resource profile and strategic value.
The most recent analyst rating on (TSE:CAPT) stock is a Hold with a C$2.50 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.
The score is held back primarily by weak financial performance (pre-revenue, ongoing losses, and cash burn), partially offset by a supportive technical setup with price above key moving averages and positive momentum. Valuation remains challenging due to negative earnings and no dividend support.
To see Spark’s full report on TSE:CAPT stock, click here.
More about Capitan Silver
Capitan Silver Corp. is a Vancouver-based mineral exploration company focused on advancing its Cruz de Plata silver-gold project in Durango, Mexico. The company targets high-grade silver and silver-equivalent mineralization, with exploration directed along key structural trends such as the Jesus Maria Silver Trend and areas around the Peñoles Fault.
Average Trading Volume: 188,941
Technical Sentiment Signal: Buy
Current Market Cap: C$308.5M
For a thorough assessment of CAPT stock, go to TipRanks’ Stock Analysis page.