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Fuerte Metals ( (TSE:FMT) ) has provided an update.
Fuerte Metals has launched a 40,000-metre drilling campaign at its Coffee Gold Project in the Yukon, where it currently hosts 3.0 million ounces of Measured and Indicated open-pit heap-leach gold resources and 0.8 million ounces Inferred. The initial phase targets infill drilling at the high-grade Supremo Extension zone to upgrade a portion of Inferred resources to Indicated for inclusion in a feasibility study expected in 2026, with later drilling to probe additional exploration targets.
Management says the Coffee acquisition is transforming Fuerte as it moves toward a construction decision in early 2027, supported by established financial and technical partners. The company emphasizes that permitting is progressing and highlights ongoing collaboration with local First Nations whose traditional territories overlap the project area, positioning Coffee as a potential new Canadian gold producer with benefits for shareholders and regional stakeholders.
The most recent analyst rating on (TSE:FMT) stock is a Buy with a C$14.00 price target. To see the full list of analyst forecasts on Fuerte Metals stock, see the TSE:FMT Stock Forecast page.
More about Fuerte Metals
Fuerte Metals is a Vancouver-based mineral exploration and development company focused on advancing the Coffee Gold Project in Canada’s Yukon Territory. The project is an open-pit, heap-leach gold asset within the Tintina Gold Province, a prolific district hosting several multi-million-ounce deposits and producing mines, positioning Fuerte within a significant North American gold belt.
Average Trading Volume: 329,903
Technical Sentiment Signal: Buy
Current Market Cap: C$1.1B
Find detailed analytics on FMT stock on TipRanks’ Stock Analysis page.