K2 Gold stock fell 1.27 percent on October 5 as drilling advanced
Published on 10/06/2026 at 14:33 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
K2 Gold stock was last at CAD 0.78 on the TSXV on October 5, 2026, down CAD 0.01 or 1.27 percent from the prior close. The latest operating update showed continued drilling at the Mojave Project, where four additional holes extended the Dragonfly Zone results.
Dragonfly drilling adds scale
As BNN Bloomberg reported on September 22, 2026, K2 had completed 29 holes covering 5,389 meters within a fully permitted and funded 14,000-meter campaign. Results from 18 additional holes were pending at that date.
The strongest interval in the release measured 53.34 meters at 2.00 grams of gold per tonne, including 15.24 meters at 5.33 grams per tonne. The reported widths are drilled widths, while true thickness remains unknown, an important limitation for interpreting early-stage exploration results.
Analyst target sits above the quote
Cashu Research initiated coverage on September 15, 2026, with a Speculative Buy rating and a 12-month price target of CAD 1.25. That target lies 60.26 percent above the CAD 0.78 TSXV price on October 5, 2026.
Cashu Research also cited more than CAD 27 million in cash as of August 18, 2026, alongside a 14,000-meter program. The research report identifies the absence of a Mineral Resource Estimate, unknown true widths and untested metallurgy as key constraints on the exploration case.
MarketScreener's analyst page listed an Outperform consensus from 1 analyst, with an average target of CAD 2.25 and a highest target of CAD 2.25 on September 16, 2026, MarketScreener reported. The consensus figure is separate from the Cashu Research target and reflects a single analyst covering the company.
K2 Gold stock stays near its yearly range
At CAD 0.78 on October 5, 2026, K2 Gold stock stood CAD 0.17 above its 52-week low of CAD 0.35 and CAD 0.17 below its 52-week high of CAD 0.95. The session volume was 23,819 shares, while the market capitalization was CAD 122.3 million.
The valuation therefore still depends heavily on drill continuity and the conversion of assay results into a technically and economically credible project. Further Dragonfly assays and work at the Newmont Zone are the measurable operating checkpoints.
K2 Gold stock facts
- Company: K2 Gold Corporation
- Ticker: KTO
- Trading venue: TSXV
- Price (as of October 5, 2026, 3:59 p.m. ET): CAD 0.78
- Market capitalization: CAD 122.3 million (as of October 5, 2026)
- 52-week range: CAD 0.35-0.95 (as of October 5, 2026)
- Sector / Industry: Basic Materials / Gold
