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Bayhorse Silver ( (TSE:BHS) ) just unveiled an update.
Bayhorse Silver Inc. has installed its Steinert Ore-Sorter at its flotation mill in Payette, Idaho, after a successful rental period that generated significant revenue. The installation aims to enhance third-party processing capabilities and potential revenue generation while awaiting mine permitting. The company is investigating advanced extraction processes to optimize the recovery of silver, antimony, copper, and zinc, which are considered critical minerals in the U.S., potentially increasing the company’s market competitiveness.
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 silver, copper, antimony, and zinc. The company is involved in the development of its Bayhorse Silver Mine in Idaho, which features mineralization primarily in the form of tetrahedrite. Bayhorse Silver is also exploring advanced processing techniques to enhance the recovery and value of these critical minerals.
Average Trading Volume: 367,824
Technical Sentiment Signal: Sell
Current Market Cap: C$13.75M
Learn more about BHS stock on TipRanks’ Stock Analysis page.