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Bayhorse Silver ( (TSE:BHS) ) has issued an announcement.
Bayhorse Silver Inc. has conducted an XRF field analysis on flotation concentrate samples from its Bayhorse Silver Mine, revealing significant amounts of silver, copper, antimony, and zinc. The analysis, although preliminary, shows promising recovery rates for these minerals, which are considered critical and strategic in the United States. The company plans to further test the feasibility of installing a pilot leaching system to enhance metal recovery and profitability. This development could potentially improve Bayhorse’s operational efficiency and market positioning by enabling more cost-effective processing of refractory minerals.
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 primarily engaged in developing its Bayhorse Silver Mine in Oregon, USA, and is involved in the exploration and production of these critical and strategic minerals.
Average Trading Volume: 546,638
Technical Sentiment Signal: Buy
Current Market Cap: C$25.78M
Learn more about BHS stock on TipRanks’ Stock Analysis page.