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Apollo Gold ( (TSE:APGO) ) has shared an announcement.
Apollo Silver Corp. has filed an updated NI 43-101 Technical Report for its Calico Silver Project, revealing significant increases in silver and gold resources, as well as inaugural estimates for barite and zinc. The updated mineral resource estimate indicates a 61% increase in tonnage and a 14% increase in silver ounces, contributing to a total of 125 million ounces of silver. The report also highlights the addition of barite and zinc resources, a larger single pit with a low strip ratio, and the project’s resilience to metal price changes, which collectively de-risk the Calico Project and present significant growth opportunities.
Spark’s Take on TSE:APGO Stock
According to Spark, TipRanks’ AI Analyst, TSE:APGO is a Underperform.
Apollo Gold’s overall stock score reflects significant financial challenges, notably the lack of revenue and persistent losses. While technical indicators show some positive trends, they are offset by poor valuation metrics. Recent corporate events suggest strategic improvements, yet their immediate impact remains uncertain.
To see Spark’s full report on TSE:APGO stock, click here.
More about Apollo Gold
Apollo Silver Corp. is a company operating in the mining industry, focusing on the exploration and development of mineral resources. The company primarily deals with silver, gold, barite, and zinc, with a market focus on expanding its mineral resource estimates and enhancing project viability.
Average Trading Volume: 192,905
Technical Sentiment Signal: Buy
Current Market Cap: C$210.1M
For a thorough assessment of APGO stock, go to TipRanks’ Stock Analysis page.