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The latest announcement is out from Zacatecas Silver ( (TSE:ZAC) ).
Zacatecas Silver has secured an environmental drill permit from Mexican regulator SEMARNAT for the El Cristo vein system at its wholly owned Zacatecas Silver Project, clearing the way for a fully funded 4,000‑metre drill program in 2026. The campaign will allocate about 2,800 metres to El Cristo and the balance to the Panuco vein system, targeting extensions of known mineralization and building on the existing inferred resource of 20.5 million ounces of silver equivalent at Panuco.
The permit and upcoming drilling mark a key step in the company’s strategy to potentially define a maiden silver resource at El Cristo while expanding Panuco, where mineralization remains open in multiple directions. By integrating strong historical drill results and securing surface access and drilling contracts, Zacatecas is positioning itself for meaningful resource growth and enhanced exploration momentum across its Mexican portfolio in 2026.
The most recent analyst rating on (TSE:ZAC) stock is a Hold with a C$0.11 price target. To see the full list of analyst forecasts on Zacatecas Silver stock, see the TSE:ZAC Stock Forecast page.
Spark’s Take on ZAC Stock
According to Spark, TipRanks’ AI Analyst, ZAC is a Neutral.
The score is primarily held back by a development-stage financial profile with no revenue, ongoing losses, and persistent cash burn (continued funding risk). This is partially offset by a strong, debt-free balance sheet and some improvement in cash outflows versus last year. Technicals are neutral-to-cautious with muted momentum, while valuation is constrained by a negative P/E and no dividend support.
To see Spark’s full report on ZAC stock, click here.
More about Zacatecas Silver
Zacatecas Silver Corp. is a mineral exploration company focused on silver and gold projects in Mexico, anchored by the Zacatecas Silver Project in Zacatecas State and the Esperanza Gold Project in Morelos State. Its primary business is exploring and defining high-grade silver and silver-equivalent resources within established mining districts to support future development potential.
Average Trading Volume: 792,323
Technical Sentiment Signal: Sell
Current Market Cap: C$14.62M
Learn more about ZAC stock on TipRanks’ Stock Analysis page.