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The latest announcement is out from Panoro Minerals ( (TSE:PML) ).
Panoro Minerals has begun mobilization and drilling for its fully funded 2026 program at the flagship Cotabambas copper-gold-silver project in southern Peru, aiming to advance a high-grade, capital-efficient development strategy. The 15,000‑metre diamond drill campaign will expand high-grade resources at the South Pit, upgrade mineralization at the North Pit to the Measured category, and test new skarn and porphyry targets that could extend the district-scale resource footprint.
Initial work focuses on 5,000 metres of step-out drilling at the South Pit to grow high-grade zones along strike and at depth beyond current pit limits, leveraging previously reported wide high-grade intercepts. Subsequent phases will add rigs as needed for 5,000 metres of infill drilling at the North Pit and 5,000 metres of exploration at Targets 7 and 13, positioning Panoro to potentially enhance project economics and reinforce Cotabambas as a high-grade copper growth asset in Peru.
Spark’s Take on PML Stock
According to Spark, TipRanks’ AI Analyst, PML is a Neutral.
The score is held down primarily by weak financial performance (pre-revenue losses and ongoing cash burn), partially offset by a low-leverage balance sheet. Technicals are supportive with a strong uptrend, but overbought signals raise near-term pullback risk. Valuation provides limited support due to negative earnings and no dividend.
To see Spark’s full report on PML stock, click here.
More about Panoro Minerals
Panoro Minerals is a Canadian mineral exploration company focused on advancing its 100% owned Cotabambas copper, gold and silver project in Peru’s Apurimac region. The project hosts a large-scale resource of about one billion tonnes in Indicated and Inferred categories, with a significant high-grade component that underpins its development strategy and long-term growth potential.
Average Trading Volume: 397,208
Technical Sentiment Signal: Buy
Current Market Cap: C$258.7M
For an in-depth examination of PML stock, go to TipRanks’ Overview page.