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Aftermath Silver ( (TSE:AAG) ) has provided an update.
Aftermath Silver Ltd. announced promising results from its Phase 2 diamond drill program at the Berenguela deposit in Peru, revealing high-grade silver intercepts, including a notable 1,174g/t silver over 7.1 meters. These findings expand the known mineralization beyond the previous resource model, particularly in the central north and eastern areas, and will be integrated into an updated mineral resource estimate, potentially enhancing the company’s resource base and market positioning.
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. operates 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 significant emphasis on the Berenguela silver-copper-manganese deposit.
YTD Price Performance: 3.09%
Average Trading Volume: 761,159
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$151M
For a thorough assessment of AAG stock, go to TipRanks’ Stock Analysis page.