Bayhorse Silver Expands Mineralization at Oregon Mine, Plans Further Drilling

The latest update is out from Bayhorse Silver ( (TSE:BHS) ).

Bayhorse Silver Inc. has confirmed a 150-meter extension of silver mineralization at its Bayhorse Silver Mine in Oregon, indicating a total east-west strike length of nearly 500 meters. The company plans additional underground drilling to explore the new high-grade Drift Zone, which could enhance its operational capacity and market positioning, especially with silver prices reaching US$37 per ounce. The company is also progressing with baseline studies for its final Operating Permit application, which could further solidify its operational framework.

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 located in Oregon, USA, and the Pegasus Project in Washington County, Idaho. The company utilizes advanced Steinert Ore-Sorting technology to minimize waste and operates a facility capable of processing and supplying silver/copper concentrate. Bayhorse has an offtake agreement with Ocean Partners for its products.

Average Trading Volume: 349,753

Technical Sentiment Signal: Sell

Current Market Cap: C$14M

See more data about BHS stock on TipRanks’ Stock Analysis page.