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The latest announcement is out from Trigon Metals Inc ( (TSE:TM) ).
Trigon Metals has mobilized its first exploration drilling campaign at the Addana Project in southern Morocco, launching a 12-hole diamond drilling program totaling up to 2,100 metres split between Antenna Hill and Addana Southwest. The program, executed by contractor GeoSond Maroc, aims to test near-surface, high-grade silver-lead polymetallic mineralization indicated by historic artisanal mining and extensive surface sampling, with core handling infrastructure and a field team now in place.
Management sees the structural setting and vein geometry at Addana as offering room for vertical and lateral expansion, with this initial campaign expected to provide critical data on continuity at depth. The project benefits from road access and established infrastructure in a jurisdiction that is positioning itself as a mining-friendly hub for precious metals, reinforcing Trigon’s strategic exposure to robust silver markets driven by industrial and energy-transition demand.
The most recent analyst rating on (TSE:TM) stock is a Hold with a C$0.47 price target. To see the full list of analyst forecasts on Trigon Metals Inc stock, see the TSE:TM Stock Forecast page.
Spark’s Take on TSE:TM Stock
According to Spark, TipRanks’ AI Analyst, TSE:TM is a Neutral.
The score is held down primarily by weak financial performance—ongoing operating losses, no TTM revenue, and continued cash burn despite positive reported net income. Technicals are mixed with longer-term improvement but soft near-term momentum. Valuation appears very cheap on P/E, providing some offset, but it is tempered by the underlying operating and cash-flow risks.
To see Spark’s full report on TSE:TM stock, click here.
More about Trigon Metals Inc
Trigon Metals Inc. is a publicly traded Canadian exploration and development company focused on copper and silver projects in mining-friendly African jurisdictions. The company is advancing two exploration assets in Morocco—Addana, a silver-bearing polymetallic vein project, and Silver Hill, a sedimentary copper prospect—while also holding the Kalahari Copperbelt Project in Namibia.
Average Trading Volume: 78,895
Technical Sentiment Signal: Hold
Current Market Cap: C$25.2M
See more insights into TM stock on TipRanks’ Stock Analysis page.