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The latest announcement is out from Andrada Mining ( (GB:ATM) ).
Andrada Mining Limited has completed the construction of a second processing plant, the Jig Plant, at its Uis mine in Namibia. This development is expected to significantly increase tin production, positioning the company to benefit from a strengthening tin market. The plant, which was completed on time and within budget, is a key milestone in Andrada’s strategy to double its production capacity. The modular design of the Jig Plant allows for scalable expansion and ensures uninterrupted production at the primary facility, enhancing the company’s operational efficiency and market competitiveness.
The most recent analyst rating on (GB:ATM) stock is a Buy with a £10.00 price target. To see the full list of analyst forecasts on Andrada Mining stock, see the GB:ATM Stock Forecast page.
Spark’s Take on GB:ATM Stock
According to Spark, TipRanks’ AI Analyst, GB:ATM is a Neutral.
Andrada Mining’s stock shows strong technical momentum and strategic growth potential. However, persistent financial losses and negative cash flows limit its appeal. Valuation concerns due to negative earnings further weigh on the stock’s overall score.
To see Spark’s full report on GB:ATM stock, click here.
More about Andrada Mining
Andrada Mining Limited, formerly known as Afritin Mining Limited, is a London-listed company focused on technology metals mining. The company is developing a portfolio of globally significant, conflict-free production and exploration assets, with its flagship asset being the Uis Mine in Namibia. This mine, once the world’s largest hard-rock open cast tin mine, is being redeveloped to produce tin, tantalum, and lithium. Andrada is committed to sustainable development and creating value for the community, investors, and stakeholders.
Average Trading Volume: 2,570,316
Technical Sentiment Signal: Sell
Current Market Cap: £53.31M
Find detailed analytics on ATM stock on TipRanks’ Stock Analysis page.