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Bayhorse Silver ( (TSE:BHS) ) has shared an update.
Bayhorse Silver Inc. has reported successful selective antimony leaching results, achieving a 99.9% removal rate from its Bayhorse Silver Mine concentrate. This breakthrough, using a proprietary leaching process, is expected to enhance the recovery rates of silver, copper, and zinc, potentially improving the company’s operational efficiency and market competitiveness. The company is considering the installation of a pilot-scale antimony leaching facility at its Payette Mill in Idaho, which could further streamline its processing capabilities and provide separate, payable antimony material.
Spark’s Take on TSE:BHS Stock
According to Spark, TipRanks’ AI Analyst, TSE:BHS is a Underperform.
Bayhorse Silver’s stock score is heavily impacted by its poor financial performance, with persistent losses, high leverage, and negative cash flow. Despite some positive developments in drilling and mineralization, the technical indicators suggest a bearish trend, and the negative P/E ratio poses valuation concerns. The recent corporate events offer some optimism, but the overall financial instability and limited growth prospects dominate the score.
To see Spark’s full report on TSE:BHS stock, click here.
More about Bayhorse Silver
Bayhorse Silver Inc. operates in the mining industry, focusing on the extraction and processing of critical and strategic minerals such as silver, copper, antimony, and zinc from its Bayhorse Silver Mine.
Average Trading Volume: 574,461
Technical Sentiment Signal: Buy
Current Market Cap: C$44.96M
For a thorough assessment of BHS stock, go to TipRanks’ Stock Analysis page.