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Aftermath Silver ( (TSE:AAG) ) just unveiled an announcement.
Aftermath Silver reported the first assay results from its expanded Phase 3 diamond drilling program at the Berenguela project, releasing data from 17 holes totaling 1,061.6m. The company shifted from an original 2,000m RC program to a larger 6,000m, 90-hole diamond drill campaign to obtain better geological and geotechnical data at similar cost.
The new results highlight multiple near-surface, high-grade silver and copper intercepts, including intervals such as 48.5m grading 438 g/t silver and 2.22% copper, and 45.8m at 528 g/t silver and 1.48% copper. Management says the infill drilling in the western part of the resource is aimed at delineating high-grade material suitable for a starter open pit, supporting work toward a prefeasibility study and potentially enhancing project economics and development prospects.
The most recent analyst rating on (TSE:AAG) stock is a Sell with a C$0.68 price target. To see the full list of analyst forecasts on Aftermath Silver stock, see the TSE:AAG Stock Forecast page.
Spark’s Take on AAG Stock
According to Spark, TipRanks’ AI Analyst, AAG is a Neutral.
The score is driven primarily by very weak fundamentals (pre-revenue profile, widening losses, and accelerating cash burn), partially offset by a low-debt balance sheet. Technicals add further pressure with a clear downtrend despite near-oversold momentum signals, while valuation is constrained by negative earnings and no dividend support.
To see Spark’s full report on AAG stock, click here.
More about Aftermath Silver
Aftermath Silver Ltd. is a Vancouver-based mineral exploration company focused on advancing its 100%-owned Berenguela silver-copper-manganese deposit in southern Peru. The project targets near-surface, high-grade polymetallic mineralization amenable to open-pit mining, positioning the company within the silver and base metals development space in Latin America.
Average Trading Volume: 1,457,203
Technical Sentiment Signal: Hold
Current Market Cap: C$244M
See more insights into AAG stock on TipRanks’ Stock Analysis page.