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Aftermath Silver ( (TSE:AAG) ) just unveiled an update.
Aftermath Silver Ltd. has announced a significant update to its Mineral Resource Estimate for the Berenguela deposit in Peru, showing a 21% increase in contained silver within measured and indicated resources, now totaling 122.5 million ounces. This update, based on extensive drilling and geological modeling, enhances the understanding of the deposit and significantly de-risks the resource, positioning the company for further development and potential expansion, particularly towards the eastern margins of the mineralization.
Spark’s Take on TSE:AAG Stock
According to Spark, TipRanks’ AI Analyst, TSE:AAG is a Neutral.
Aftermath Silver’s overall stock score reflects significant financial challenges due to a lack of revenue and persistent losses. While corporate events signal potential improvements in strategic positioning and resource base, the stock’s technical indicators and valuation metrics suggest caution. The lack of profitability and operational cash flow are key concerns that overshadow the positive developments in corporate strategy and project advancements.
To see Spark’s full report on TSE:AAG stock, click here.
More about Aftermath Silver
Aftermath Silver Ltd. is a company operating in the mining industry, focusing on the exploration and development of silver, copper, and manganese deposits. The company is primarily engaged in projects located in Peru, with a notable emphasis on the Berenguela silver-copper-manganese deposit.
Average Trading Volume: 1,314,536
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$296.1M
Find detailed analytics on AAG stock on TipRanks’ Stock Analysis page.