Carlton Precious Advances Esquilache Project Amid Permit Challenges

An update from Nubian Resources ( (TSE:CPI) ) is now available.

Carlton Precious Inc. has provided an update on its Esquilache Silver project in Southern Peru, which covers 1,600 hectares and includes historical mine workings. The company is working towards obtaining a DIA drill permit from the Peruvian Ministry of Mines and Energy, following a request to upgrade their initial application. This permit is crucial for commencing a 5,000-metre core drilling program aimed at advancing the project towards a reportable mineral resource estimation. The outcome of this drilling could lead to further engineering programs and feasibility studies, especially in light of the recent increase in silver prices.

Spark’s Take on TSE:CPI Stock

According to Spark, TipRanks’ AI Analyst, TSE:CPI is a Underperform.

The most significant factor impacting the score is the company’s lack of revenue and consistent financial losses, which greatly affect profitability and sustainability, leading to a low financial performance score. Technical analysis shows neutral market momentum, while valuation remains unattractive due to a negative P/E ratio and no dividend yield. The absence of earnings call and corporate events data further limits the evaluation.

To see Spark’s full report on TSE:CPI stock, click here.

More about Nubian Resources

Carlton Precious Inc. is a publicly traded exploration company focusing on precious and base metals, with projects in key mining jurisdictions such as Peru and Australia. The company is listed on the TSX Venture Exchange and is managed by experienced mining and geological professionals.

Average Trading Volume: 131,476

Technical Sentiment Signal: Sell

Current Market Cap: C$10.39M

For an in-depth examination of CPI stock, go to TipRanks’ Overview page.