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AbraSilver Resource ( (TSE:ABRA) ) just unveiled an announcement.
AbraSilver Resource Corp. announced significant drill results from its Diablillos project in Argentina, revealing high-grade silver mineralization beyond the current open pit limits. The successful completion of Phase IV drilling, which included 21,172 meters, will contribute to an updated Mineral Resource estimate expected in mid-2025. The company is well-positioned for continued exploration success with a fully-funded Phase V drill campaign targeting high-priority zones, potentially enhancing the project’s scale and quality.
Spark’s Take on TSE:ABRA Stock
According to Spark, TipRanks’ AI Analyst, TSE:ABRA is a Neutral.
AbraSilver Resource’s overall score is constrained by significant financial struggles, particularly in terms of profitability and cash flow. However, positive corporate events and some favorable technical indicators offer potential upside and mitigate some risks.
To see Spark’s full report on TSE:ABRA stock, click here.
More about AbraSilver Resource
AbraSilver Resource Corp. is a company operating in the mining industry, focusing on the exploration and development of silver and gold resources. Its primary project is the Diablillos project in Argentina, where it is actively engaged in expanding its mineral resource base.
YTD Price Performance: 22.88%
Average Trading Volume: 162,107
Technical Sentiment Signal: Sell
Current Market Cap: $330.4M
For an in-depth examination of ABRA stock, go to TipRanks’ Stock Analysis page.