Bayhorse Silver Expands Mineralization at Oregon Mine

Bayhorse Silver ( (TSE:BHS) ) has provided an update.

Bayhorse Silver Inc. has announced the extension of known silver mineralization at its Bayhorse Silver Mine in Oregon to over 400 meters east-west and 563 meters south-north, with two new mineralized zones confirmed. This expansion could potentially increase the company’s inferred resource and impact its market positioning positively. The company is also planning an IP survey at its adjacent Pegasus project, which may reveal further mineralization, including potential porphyry copper deposits.

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. is an exploration and production company with a 100% interest in the historic Bayhorse Silver Mine in Oregon, USA, and the Pegasus Project in Washington County, Idaho. The company is focused on silver mining, with a National Instrument 43-101 inferred resource of 292,300 tons at a grade of 21.65 opt for 6.3 million ounces of silver. Bayhorse operates a minimum environmental impact facility capable of processing up to 200 tons per day and has established a 60 ton/day mill and flotation processing facility in Idaho.

Average Trading Volume: 291,946

Technical Sentiment Signal: Sell

Current Market Cap: C$12.76M

For detailed information about BHS stock, go to TipRanks’ Stock Analysis page.