AbraSilver Resource ( (TSE:ABRA) ) has issued an announcement.
AbraSilver Resource Corp. has accelerated its final payment of US$6.85 million to EMX Royalty Corp, securing 100% ownership of the Diablillos silver-gold project in Argentina. This early payment strengthens AbraSilver’s financial position and allows the company to focus on advancing the project towards production. EMX retains a 1.0% net smelter return royalty on the project, indicating continued interest and potential future revenue from the development.
Spark’s Take on TSE:ABRA Stock
According to Spark, TipRanks’ AI Analyst, TSE:ABRA is a Neutral.
AbraSilver Resource presents a challenging financial situation with significant operational inefficiencies and cash flow issues. Despite these obstacles, technical analysis shows some positive price movement, and recent corporate events suggest potential for future project success. However, the lack of profitability and negative valuation metrics weigh heavily on the overall score.
To see Spark’s full report on TSE:ABRA stock, click here.
More about AbraSilver Resource
AbraSilver is an advanced-stage exploration company focused on advancing its 100%-owned Diablillos silver-gold project in Argentina’s Salta and Catamarca provinces. The company has a proven and probable mineral reserve estimate of 42.3 Mt grading 91 g/t Ag and 0.81 g/t Au, containing approximately 124 Moz silver and 1.1 Moz gold. AbraSilver is listed on the TSX under the symbol ‘ABRA’ and on the OTCQX under the symbol ‘ABBRF.’
YTD Price Performance: 14.69%
Average Trading Volume: 162,609
Technical Sentiment Signal: Strong Sell
Current Market Cap: $310.4M
See more data about ABRA stock on TipRanks’ Stock Analysis page.