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Capitan Silver (TSE:CAPT)
:CAPT

Capitan Silver (CAPT) AI Stock Analysis

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TSE:CAPT

Capitan Silver

(CAPT)

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Neutral 46 (OpenAI - 5.2)
Rating:46Neutral
Price Target:
C$2.00
▼(-0.99% Downside)
The score is primarily constrained by weak financial performance driven by ongoing losses and sharply higher cash burn, despite a debt-free balance sheet. Technical indicators are mixed with near-term softness, and valuation signals are limited due to negative earnings and no dividend yield.
Positive Factors
Debt-free balance sheet
A zero-debt capital structure materially lowers refinancing and interest-rate risk, preserving optionality for an exploration firm. Over the next several months this durability supports continued drilling and partner talks without near-term debt covenants or cash interest obligations constraining operations.
Clear project focus
Concentrated effort on a single, defined asset (Cruz de Plata) provides strategic clarity for resource definition and makes the company more attractive for JV, earn-in or acquisition discussions. That focused pipeline increases the chance of a material, lasting change in project value if drilling succeeds.
Demonstrated capital access
A meaningful equity raise shows continued market access to fund exploration, enlarging the asset base and funding near-term programs. This durability reduces immediate solvency risk and provides runway for further resource definition or to structure partnerships without urgent asset sales.
Negative Factors
Rising cash burn
A sharp step-up in operating and free cash outflows materially increases near-term funding needs and shortens runway. For an explorer this raises the probability of additional equity raises or halted programs, which can delay resource definition and impair long-term project momentum.
No operating revenue and widening losses
Persistent absence of revenue and growing annual losses mean operations cannot self-fund development. Over a multi-month horizon this limits margin improvement opportunities, heightens reliance on external capital, and increases execution risk if markets turn less receptive to junior explorers.
Elevated dilution/funding risk
Relying on equity to finance exploration has diluted the base and may continue to do so if cash burn persists. Structural dilution reduces per-share upside for existing holders, can dampen investor appetite, and may complicate future capital raises or partner negotiations over the coming months.

Capitan Silver (CAPT) vs. iShares MSCI Canada ETF (EWC)

Capitan Silver Business Overview & Revenue Model

Company DescriptionCapitan Mining Inc. engages in the acquisition and exploration of mineral properties in Mexico. The company focuses on its 100% owned Penoles gold and silver project located in Durango, Mexico. Capitan Mining Inc. was incorporated in 2019 and is headquartered in Vancouver, Canada.
How the Company Makes MoneyCapitan Mining makes money through the exploration and development of mineral properties, with a focus on discovering economically viable gold and silver deposits. The company generates revenue by advancing its projects to a stage where they can be sold or partnered with larger mining companies for further development. This includes entering into joint ventures, selling exploration rights, or developing the mines themselves to produce precious metals, which are then sold on the market. Key factors contributing to its earnings include the quality and size of its mineral deposits, the price of gold and silver in global markets, and strategic partnerships with other mining entities.

Capitan Silver Financial Statement Overview

Summary
Capitan Mining faces significant financial challenges with zero revenue, persistent operational inefficiencies, and negative cash flows. While the balance sheet is strong due to no debt, the lack of revenue generation and negative cash flow growth highlight the need for improved financial management.
Income Statement
18
Very Negative
Capitan Mining's income statement reveals significant challenges with no revenue generation over the past periods, resulting in negative gross and net profit margins. Continued losses in EBIT and EBITDA indicate persistent operational inefficiencies. The lack of revenue growth further underscores the company's struggle to improve its financial performance.
Balance Sheet
67
Positive
The balance sheet shows a relatively stable financial position with no debt, leading to a strong debt-to-equity ratio. However, the company's equity ratio is somewhat weakened by the lack of revenue generation, which can pose risks if the trend continues. The high stockholder equity provides a buffer, but the lack of income generation remains a concern.
Cash Flow
24
Negative
Cash flow analysis reveals challenges with consistently negative operating and free cash flows, reflecting ongoing cash burn without revenue support. Financing activities have been a key source of cash, which may not be sustainable long-term. The negative free cash flow growth rate highlights the need for improved cash management.
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue0.000.000.000.000.000.00
Gross Profit-831.00-851.000.00-1.10K-511.000.00
EBITDA-1.27M-1.73M-1.10M-745.31K-659.92K-931.29K
Net Income-1.22M-1.50M-1.31M-746.41K-660.43K-918.76K
Balance Sheet
Total Assets22.26M28.10M11.95M11.75M8.58M8.79M
Cash, Cash Equivalents and Short-Term Investments7.51M4.90M568.42K521.61K78.88K2.71M
Total Debt0.000.000.000.000.000.00
Total Liabilities202.57K3.54M47.46K49.87K278.09K200.12K
Stockholders Equity22.05M24.56M11.90M11.70M8.30M8.59M
Cash Flow
Free Cash Flow-3.58M-8.09M-1.97M-2.76M-2.63M-2.98M
Operating Cash Flow-1.31M-2.80M-833.54K-1.18M-361.76K-1.04M
Investing Cash Flow-2.26M-5.30M-1.14M-1.58M-2.27M-1.96M
Financing Cash Flow10.17M12.42M2.02M3.20M0.003.40M

Capitan Silver Technical Analysis

Technical Analysis Sentiment
Negative
Last Price2.02
Price Trends
50DMA
2.09
Negative
100DMA
1.88
Positive
200DMA
1.34
Positive
Market Momentum
MACD
0.02
Positive
RSI
44.01
Neutral
STOCH
24.83
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:CAPT, the sentiment is Negative. The current price of 2.02 is below the 20-day moving average (MA) of 2.19, below the 50-day MA of 2.09, and above the 200-day MA of 1.34, indicating a neutral trend. The MACD of 0.02 indicates Positive momentum. The RSI at 44.01 is Neutral, neither overbought nor oversold. The STOCH value of 24.83 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:CAPT.

Capitan Silver Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
61
Neutral
$10.43B7.12-0.05%2.87%2.86%-36.73%
61
Neutral
C$342.78M405.172.04%694.29%
58
Neutral
C$333.05M-34.17-19.63%-34.83%
54
Neutral
C$235.03M-6.32-9.95%-285.42%
53
Neutral
C$519.13M-91.89-4.86%-14.43%
47
Neutral
C$520.73M-18.36-151.33%-198.87%
46
Neutral
C$259.62M-130.32-6.80%14.37%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
TSE:CAPT
Capitan Silver
2.02
1.61
392.68%
TSE:BRC
Blackrock Silver
1.46
1.13
342.42%
TSE:SLVR
Silver Tiger Metals
1.02
0.72
240.00%
TSE:SSV
Southern Silver Exploration
0.82
0.64
343.24%
TSE:SM
Sierra Madre Gold & Silver Ltd.
2.35
1.82
343.40%
TSE:AGMR
Silver Mountain Resources, Inc. Class A
4.09
3.34
445.33%

Capitan Silver Corporate Events

Business Operations and StrategyPrivate Placements and Financing
Capitan Silver Ramps Up Cruz de Plata With 60,000-Metre 2026 Drill Campaign
Positive
Jan 20, 2026

Capitan Silver Corp. has launched a 60,000-metre multi-rig drilling program for 2026 at its Cruz de Plata silver-gold project in Durango, Mexico, marking a 400% increase over its prior-year plan and more than doubling all historical drilling on the property. The program, funded by C$29 million recently raised from institutional investors, will deploy up to four rigs to expand advanced silver zones along the 3.7-km Jesus Maria trend, test multiple new high-grade silver and gold targets, and conduct infill drilling at the Capitan Hill gold deposit, alongside broader mapping, trenching and geophysical work. Following a year of renewed activity in 2025 that included land consolidation, a key royalty buyback and drilling that confirmed continuity and growth of the mineralized system, the 2026 campaign is intended to advance Cruz de Plata toward an initial silver resource and strengthen Capitan Silver’s position in the silver exploration space.

The most recent analyst rating on (TSE:CAPT) stock is a Buy with a C$3.50 price target. To see the full list of analyst forecasts on Capitan Silver stock, see the TSE:CAPT Stock Forecast page.

Business Operations and StrategyPrivate Placements and Financing
Capitan Silver Quadruples Drilling at Cruz de Plata as 2026 Exploration Ramps Up
Positive
Jan 20, 2026

Capitan Silver Corp. has launched an expanded 60,000-metre, multi-rig drilling program for 2026 at its Cruz de Plata silver-gold project in Durango, Mexico, a fourfold increase over its 2025 plan. The campaign will deploy a combination of reverse circulation and core drilling across high-priority silver and gold targets, including the Jesus Maria Silver Trend, Casco Norte, La Purisima, Capitan Hill, La Providencia and El Tubo, with objectives ranging from extending known high-grade zones to infill drilling aimed at upgrading resources. Supported by C$29 million in recently raised funding from institutional investors, Capitan is well financed to execute its exploration strategy and follow up on 2025 drilling that confirmed continuity and growth of the mineralized system, with pending assay results and a property-wide geophysical survey expected to provide further catalysts as the company advances Cruz de Plata toward an initial silver resource and strengthens its position in the silver exploration space.

The most recent analyst rating on (TSE:CAPT) stock is a Buy with a C$3.50 price target. To see the full list of analyst forecasts on Capitan Silver stock, see the TSE:CAPT Stock Forecast page.

Business Operations and StrategyPrivate Placements and Financing
Capitan Silver Secures C$6 Million Schroders Investment, Capping C$29 Million December Financing
Positive
Jan 6, 2026

Capitan Silver Corp. has closed a C$6 million non-brokered private placement with Schroder Investment Management Limited, which acquired nearly 3 million common shares at C$2.03 each. Combined with a recently completed C$23 million bought deal financing at the same issue price, the company raised approximately C$29 million in December 2025, strengthening its balance sheet to fund exploration at the Cruz de Plata silver-gold project and support general corporate needs, while further validating institutional interest in the junior silver explorer.

The most recent analyst rating on (TSE:CAPT) stock is a Buy with a C$3.50 price target. To see the full list of analyst forecasts on Capitan Silver stock, see the TSE:CAPT Stock Forecast page.

Business Operations and StrategyPrivate Placements and Financing
Capitan Silver Secures C$6 Million Schroders Investment, Lifting Equity Raise to C$29 Million
Positive
Dec 23, 2025

Capitan Silver Corp. has secured a C$6 million non-brokered private placement from Schroder Investment Management, which, combined with a recently completed C$23 million bought-deal financing, lifts its total recent equity raise to about C$29 million through the issuance of roughly 14.3 million common shares at C$2.03 each. Management says the investment by Schroders’ Global Gold Fund and the successful bought-deal have broadened the company’s institutional shareholder base and enhanced its capital markets profile, with net proceeds earmarked primarily for exploration at the Cruz de Plata silver-gold project in Mexico and for general corporate purposes, reinforcing Capitan Silver’s funding position as it advances drilling and project growth plans.

The most recent analyst rating on (TSE:CAPT) stock is a Buy with a C$2.40 price target. To see the full list of analyst forecasts on Capitan Silver stock, see the TSE:CAPT Stock Forecast page.

Business Operations and StrategyPrivate Placements and Financing
Capitan Silver Secures C$23 Million in Bought Deal Financing to Advance Gold-Silver Exploration
Positive
Dec 17, 2025

Capitan Silver announced the successful closing of a C$23 million bought deal financing, facilitated by key underwriters such as Stifel Canada. The funds will be primarily allocated towards exploration at the Cruz de Plata project and general corporate purposes. With substantial insider participation and adherence to securities regulations, this financing reinforces the company’s growth and exploration initiatives, contributing to its positioning in the precious metals market.

The most recent analyst rating on (TSE:CAPT) stock is a Buy with a C$2.40 price target. To see the full list of analyst forecasts on Capitan Silver stock, see the TSE:CAPT Stock Forecast page.

Private Placements and Financing
Capitan Silver Secures $20 Million Financing for Cruz de Plata Project
Positive
Dec 8, 2025

Capitan Silver Corp. has announced a $20 million bought deal financing agreement with Stifel Canada to fund exploration activities at its Cruz de Plata gold-silver project. The offering involves the private placement of 9,855,000 common shares at C$2.03 each, with an option for underwriters to purchase additional shares. The proceeds will support exploration and general corporate purposes, with the offering expected to close by December 17, 2025, subject to regulatory approvals.

The most recent analyst rating on (TSE:CAPT) stock is a Buy with a C$2.40 price target. To see the full list of analyst forecasts on Capitan Silver stock, see the TSE:CAPT Stock Forecast page.

Business Operations and Strategy
Capitan Silver Corp. Reports Major Increase in Gold Resources at Capitan Hill
Positive
Dec 5, 2025

Capitan Silver Corp. has announced a significant update to its Mineral Resource Estimate (MRE) for the Capitan Hill Oxide Gold Deposit, part of its Cruz de Plata project in Mexico. The updated MRE shows a 115% increase in inferred gold resources, now totaling 525,000 troy ounces, compared to previous estimates. This growth highlights the quality of the deposit and enhances the project’s value, despite silver remaining the company’s main focus. The announcement also includes ongoing drilling activities and a property-wide geophysical survey, which are expected to further define and expand the resource potential.

The most recent analyst rating on (TSE:CAPT) stock is a Buy with a C$2.40 price target. To see the full list of analyst forecasts on Capitan Silver stock, see the TSE:CAPT Stock Forecast page.

Business Operations and Strategy
Capitan Silver Unveils Promising High-Grade Silver Zone at Cruz de Plata
Positive
Nov 11, 2025

Capitan Silver Corp. has reported promising assay results from its Phase One drill program at the Cruz de Plata project, revealing a new high-grade silver zone at the Jesus Maria Silver Trend. The drilling has confirmed significant mineralization, with notable intersections such as 1,767 g/t silver equivalent over 1.5 meters. This discovery suggests the potential for a large, high-grade mineralized system, enhancing Capitan’s positioning in the mining sector and offering new opportunities for stakeholders.

The most recent analyst rating on (TSE:CAPT) stock is a Buy with a C$2.40 price target. To see the full list of analyst forecasts on Capitan Silver stock, see the TSE:CAPT Stock Forecast page.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Jan 31, 2026