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Puma Exploration ( (TSE:PUMA) ) has shared an update.
Puma Exploration has launched a Winter 2026 drilling campaign at its Williams Brook Gold Project in Northern New Brunswick, in partnership with Kinross Gold, committing $3 million in the program’s second year. The campaign will comprise about 12 diamond drill holes totaling over 2,300 metres across the Jaguar and Lion gold zones to assess gold potential, refine structural models, and confirm past results.
At the Jaguar zone, five holes will follow up historical intersections and surface sampling, including testing induced polarization anomalies and extending drilling from oxidized material into fresh rock. At the Lion zone, seven holes will target fold hinges and quartz veins within a gabbro unit along the McCormack Brook Fault, building on high-grade grab and channel samples and forming part of a broader 2026 program that includes summer mapping, prospecting, and a follow-on drilling phase.
The most recent analyst rating on (TSE:PUMA) stock is a Hold with a C$0.18 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—tempered by a low-debt balance sheet. Technicals are modestly supportive due to trading above key longer-term moving averages, while valuation signals are weak given the negative P/E and no provided dividend yield.
To see Spark’s full report on TSE:PUMA stock, click here.
More about Puma Exploration
Puma Exploration Inc. is a Canadian junior mining company focused on gold exploration, with its flagship Williams Brook Gold Project located in Northern New Brunswick. Operating under an option agreement with major producer Kinross Gold Corp., the company targets near-surface, structurally controlled gold systems to advance its projects through systematic drilling and field programs.
Average Trading Volume: 187,442
Technical Sentiment Signal: Buy
Current Market Cap: C$33.93M
See more insights into PUMA stock on TipRanks’ Stock Analysis page.