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K2 Gold ( (TSE:KTO) ) has issued an announcement.
K2 Gold has approved a $9.8 million exploration budget for 2026 to accelerate drilling and project advancement across its portfolio, with a primary focus on the Mojave Project in California and new high-priority targets at the Si2 Project in Nevada. The funding is intended to capitalize on extensive high-grade gold and copper zones at Mojave, where multiple kilometres of mineralized corridors have been defined, while also enabling the first systematic drilling of newly interpreted boiling-zone targets at Si2 and supporting renewed work at the Wels Project in Yukon, collectively setting up multiple potential discovery catalysts and strengthening the company’s exploration-driven growth prospects.
The most recent analyst rating on (TSE:KTO) stock is a Hold with a C$0.83 price target. To see the full list of analyst forecasts on K2 Gold stock, see the TSE:KTO Stock Forecast page.
Spark’s Take on TSE:KTO Stock
According to Spark, TipRanks’ AI Analyst, TSE:KTO is a Neutral.
The score is driven by strong technical momentum and favorable corporate de-risking/permitting progress, but capped by weak financial performance (no revenue, persistent losses and cash burn) and limited valuation support due to a negative P/E and no dividend.
To see Spark’s full report on TSE:KTO stock, click here.
More about K2 Gold
K2 Gold Corporation is a mineral exploration company focused on advancing precious and base metal projects in North America. Its portfolio includes the Mojave polymetallic project in California, characterized by extensive high-grade gold and copper trends, the Si2 low-sulphidation epithermal gold project in Nevada, and the Wels gold project in Yukon, positioning the company within the exploration-stage gold and base metals sector.
Average Trading Volume: 257,354
Technical Sentiment Signal: Buy
Current Market Cap: C$154.6M
Learn more about KTO stock on TipRanks’ Stock Analysis page.