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Metallic Minerals ( (TSE:MMG) ) has issued an announcement.
Metallic Minerals has updated the NI 43-101 mineral resource estimate for the Allard deposit at its La Plata project in Colorado, increasing inferred resource tonnage by 23% to 181.4 million tonnes at an average 0.36% copper equivalent and, for the first time, formally incorporating platinum, palladium and gold into the resource model. The new estimate outlines a PGE- and gold-bearing subset representing a quarter of total tonnage, boosts copper-equivalent grades where precious metals are present, and confirms Allard as one of only three PGE-bearing development-stage resources in the United States, with the deposit remaining open for expansion and 16 untested porphyry centers and additional high-grade targets identified across the wider district; the company plans further drilling, permitting work and metallurgical testing in 2026 to advance La Plata alongside resource expansion and royalty growth at its Yukon projects.
The most recent analyst rating on (TSE:MMG) stock is a Hold with a C$0.35 price target. To see the full list of analyst forecasts on Metallic Minerals stock, see the TSE:MMG Stock Forecast page.
Spark’s Take on TSE:MMG Stock
According to Spark, TipRanks’ AI Analyst, TSE:MMG is a Neutral.
The score is held down primarily by weak financial performance (no revenue, continued losses, and persistent cash burn), partially offset by a relatively low-risk balance sheet (near-zero debt) and mildly positive technical trend (price above key moving averages with neutral momentum). Valuation provides limited support given the negative P/E and no dividend yield.
To see Spark’s full report on TSE:MMG stock, click here.
More about Metallic Minerals
Metallic Minerals Corp. is a Vancouver-based exploration and development company focused on large-scale, multi-metal projects, including copper, silver, platinum group elements and gold. Its key assets include the La Plata copper-silver-PGE project in southwestern Colorado and Yukon-based silver and gold properties, with an emphasis on advancing district-scale systems and growing royalty production in North America.
Average Trading Volume: 285,890
Technical Sentiment Signal: Buy
Current Market Cap: C$78.73M
For detailed information about MMG stock, go to TipRanks’ Stock Analysis page.