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The latest update is out from Puma Exploration ( (TSE:PUMA) ).
Puma Exploration announced that Kinross Gold Corporation is increasing its equity stake in the company from 9.1% to 14.8% (17.4% on a partially diluted basis) through a $2 million non-brokered private placement of 12.5 million units at $0.16 per unit, each unit consisting of one share and half a warrant exercisable at $0.25. The proceeds will fund exploration on Puma’s projects not optioned to Kinross and general corporate purposes, while Kinross’ larger position and ongoing right to increase its holding up to 19.9% reinforce the strategic partnership around the Williams Brook Option Agreement, under which over 3,600 metres were drilled at the Lynx Gold Zone in year one and two new drilling campaigns are planned for 2026 at the Lion and Jaguar Gold Zones, potentially strengthening Puma’s exploration pipeline and regional gold footprint.
The most recent analyst rating on (TSE:PUMA) stock is a Hold with a C$0.17 price target. To see the full list of analyst forecasts on Puma Exploration stock, see the TSE:PUMA Stock Forecast page.
Spark’s Take on TSE:PUMA Stock
According to Spark, TipRanks’ AI Analyst, TSE:PUMA is a Neutral.
The score is held back primarily by weak financial performance (no revenue, ongoing losses and negative free cash flow), despite a low-debt balance sheet. Technicals are modestly supportive with the price above key moving averages, while valuation is constrained by negative earnings and no dividend. Positive corporate events around drilling results and new financing provide a meaningful, but secondary, uplift.
To see Spark’s full report on TSE:PUMA stock, click here.
More about Puma Exploration
Puma Exploration Inc. is a Canadian mineral exploration company focused on gold projects in New Brunswick, notably the Williams Brook and McKenzie Gold projects. The company targets high-grade gold mineralization through drilling and surface exploration programs, aiming to advance its portfolio of gold assets in the region.
Average Trading Volume: 180,141
Technical Sentiment Signal: Buy
Current Market Cap: C$31.43M
For detailed information about PUMA stock, go to TipRanks’ Stock Analysis page.