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Apollo Gold ( (TSE:APGO) ) has shared an update.
Apollo Silver Corp. has announced a significant update to its Mineral Resource estimate for the Calico Silver Project, with a 61% increase in measured and indicated silver resources at the Waterloo property, totaling 125 million troy ounces. The update also includes inaugural estimates for barite and zinc, positioning the project as a key player in the critical minerals sector. The expansion of resources, along with the addition of new minerals, enhances the project’s value and potential for future development, with implications for stakeholders as Apollo plans further exploration and economic assessments.
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. operates in the mining industry, focusing on the extraction and development of silver and other critical minerals. The company is primarily involved in the exploration of the Calico Silver Project in California, which is one of the largest undeveloped silver deposits in the United States. Apollo’s market focus includes silver, barite, and zinc, which are essential minerals for various industrial applications.
Average Trading Volume: 706,148
Technical Sentiment Signal: Buy
Current Market Cap: C$152.8M
Find detailed analytics on APGO stock on TipRanks’ Stock Analysis page.