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Puma Exploration
(PUMA)
Puma Exploration (PUMA) vs. iShares MSCI Canada ETF (EWC)
Puma Exploration Business Overview & Revenue Model
Puma Exploration Financial Statement Overview
| Breakdown | TTM | May 2024 | Feb 2024 | May 2022 | May 2021 | May 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -10.82K | -10.82K | -15.45K | -18.91K | -10.49K | -6.09K |
| EBITDA | -1.58M | -1.15M | -1.72M | -1.27M | -1.86M | -1.18M |
| Net Income | -1.31M | -1.05M | -1.60M | -1.29M | -2.04M | -1.19M |
Balance Sheet | ||||||
| Total Assets | 21.22M | 18.58M | 16.26M | 13.99M | 14.75M | 7.36M |
| Cash, Cash Equivalents and Short-Term Investments | 135.95K | 361.10K | 522.17K | 190.49K | 1.13M | 304.34K |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 32.16K |
| Total Liabilities | 1.38M | 519.43K | 375.13K | 296.65K | 1.86M | 627.64K |
| Stockholders Equity | 19.84M | 18.06M | 15.89M | 13.70M | 12.89M | 6.74M |
Cash Flow | ||||||
| Free Cash Flow | -422.57K | -2.87M | -3.80M | -6.63M | -4.98M | -2.88M |
| Operating Cash Flow | -120.92K | -1.22M | -1.60M | -1.79M | -1.38M | -892.15K |
| Investing Cash Flow | -963.46K | -1.19M | -2.19M | -4.84M | -3.60M | -1.58M |
| Financing Cash Flow | 819.02K | 2.25M | 4.13M | 1.67M | 8.23M | 4.37M |
Puma Exploration Technical Analysis
Puma Exploration Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
57 Neutral | C$33.27M | 52.27 | 31.09% | ― | -100.00% | ― | |
53 Neutral | C$31.93M | -13.82 | -6.05% | ― | ― | 34.69% | |
48 Neutral | C$74.89M | -29.03 | -3.40% | ― | ― | -34.21% | |
46 Neutral | C$25.68M | -15.35 | -16.82% | ― | ― | 14.38% |
Puma Exploration Corporate Events
Puma Exploration has significantly expanded its McKenzie Gold Project in Northern New Brunswick, staking two new claim blocks that increase the property to 42,053 hectares and secure key ground along both northern and southern extensions of a prospective gold corridor. The company also acquired a regional office, core storage facility, and warehouse to support ongoing exploration and to solidify its operational presence and leadership in the province.
The new northern claim block surrounds the emerging Grog Gold Zone, enhancing the potential to discover additional structures and mineralized zones along the same geological trend. The southern block adds about five kilometres of the McKenzie Fault, a major structure hosting high-grade veins such as the RIM Gold Vein and other showings, positioning Puma to refine future drill targets and benefit from New Brunswick’s new minerals strategy aimed at promoting exploration and development.
The most recent analyst rating on (TSE:PUMA) stock is a Hold with a C$0.17 price target. To see the full list of analyst forecasts on Puma Exploration stock, see the TSE:PUMA Stock Forecast page.
Puma Exploration has unveiled a fully funded C$1.2 million 2026 exploration program at its McKenzie Gold Project in Northern New Brunswick, aimed at expanding the RIM and Grog gold zones and refining structural models to generate drill-ready targets. Work will progress from core logging, data modelling and target selection in the first half of the year to mechanical trenching, prospecting, expert structural analysis and phased drilling from summer through year-end, with scope to increase the budget if results are strong.
Recent fieldwork has more than doubled the known extent of the high-grade RIM Gold Vein and returned surface grab samples up to 126.96 g/t gold, while new stripping at the Grog area delivered multiple samples above 1 g/t gold, reinforcing the presence of at least two significant gold systems across the 33,800-hectare property. By systematically advancing these zones through drilling in 2026, Puma aims to demonstrate the district-scale potential of McKenzie, which could enhance the company’s exploration pipeline and strategic positioning alongside its nearby Williams Brook project optioned to a major producer.
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.
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.
Puma Exploration has closed the sale of its Murray Brook West Project to Canadian Copper, which has satisfied its option agreement obligations by issuing 1,179,090 shares to acquire a 100% interest, while Puma retains a 2% net smelter return royalty. The deal follows earlier cash and share payments tied to the Chester and Turgeon assets and strengthens Puma’s portfolio of equity stakes and royalties across multiple base and precious metal projects.
With this transaction complete, Puma is advancing plans to publicly list a new exploration company based on its majority-owned Murray Brook Minerals, targeting critical minerals such as copper, silver, cobalt, bismuth and indium, in alignment with New Brunswick’s Comprehensive Minerals Strategy. The move supports Puma’s DEAR strategy of discovery, exploration, acquisition and royalties, which has driven asset spin-offs, reduced dilution and built exposure through significant shareholdings in Canadian Copper, Raptor Metals, BWR Exploration and retained NSR royalties on several projects.
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.
Puma Exploration’s 2025 drilling program at the Lynx Gold Zone hit high-grade intercepts—including 5.11 g/t gold over 6.60 metres with a 0.50-metre interval grading 66.10 g/t—while confirming an 800-metre strike length, 50-metre width, and mineralization continuity down to roughly 250 metres, all still open for expansion. The results satisfied Year 1 targets of the Kinross option agreement, securing a Year 2 exploration commitment of at least $3 million plus a $2 million equity injection that raises Kinross’s stake to 14.8%, positioning Puma to extend drilling and refine targeting in 2026.
The most recent analyst rating on (TSE:PUMA) stock is a Hold with a C$0.20 price target. To see the full list of analyst forecasts on Puma Exploration stock, see the TSE:PUMA Stock Forecast page.
Puma Exploration has completed the sale of its Turgeon base metal project to Raptor Resources, now largely controlled by Australia’s Eastern Metals (to be renamed Raptor Metals), securing C$391,631 in cash and 18.75 million Eastern Metals shares as part of a broader divestment of its Turgeon and Chester projects. Through these transactions with Raptor and Canadian Copper, Puma has received a total of C$970,023 in cash, substantial equity positions in Eastern Metals and Canadian Copper, and performance rights that may convert into additional Eastern Metals shares, while retaining several net smelter return royalties and planning a potential spin-out and listing of its Murray Brook Minerals subsidiary focused on critical minerals, thereby crystallizing value from non-core base metal assets and reinforcing its capital-light, royalty- and equity-driven growth model in the resource sector.
The most recent analyst rating on (TSE:PUMA) stock is a Hold with a C$0.19 price target. To see the full list of analyst forecasts on Puma Exploration stock, see the TSE:PUMA Stock Forecast page.
Puma Exploration announced that Kinross Gold Corporation is increasing its equity stake in the company from 9.1% to 14.8% (17.4% on a partially diluted basis) through a $2 million non-brokered private placement of 12.5 million units at $0.16 per unit, each unit consisting of one share and half a warrant exercisable at $0.25. The proceeds will fund exploration on Puma’s projects not optioned to Kinross and general corporate purposes, while Kinross’ larger position and ongoing right to increase its holding up to 19.9% reinforce the strategic partnership around the Williams Brook Option Agreement, under which over 3,600 metres were drilled at the Lynx Gold Zone in year one and two new drilling campaigns are planned for 2026 at the Lion and Jaguar Gold Zones, potentially strengthening Puma’s exploration pipeline and regional gold footprint.
The most recent analyst rating on (TSE:PUMA) stock is a Hold with a C$0.17 price target. To see the full list of analyst forecasts on Puma Exploration stock, see the TSE:PUMA Stock Forecast page.
Puma Exploration has successfully closed a non-brokered financing round, raising $1,200,000 through the issuance of 6,000,000 flow-through units. The proceeds will be used to fund exploration activities at the McKenzie Gold Project and other assets in northern New Brunswick. This financing will support Puma’s strategic focus on gold exploration in the region, potentially enhancing its market position and offering growth opportunities for stakeholders.