Bayhorse Silver Uncovers High-Grade Silver at Oregon Mine

An update from Bayhorse Silver ( (TSE:BHS) ) is now available.

Bayhorse Silver Inc. has reported significant downhole silver assay results from drill hole WM2 at the Bayhorse Silver Mine in Oregon. The assays revealed high-grade silver mineralization within a 10.6-meter zone, with an average of 1104 g/t. This discovery, located on the periphery of a large IP anomaly, suggests potential for further silver deposits in the area, prompting plans for additional drilling. The findings could enhance Bayhorse’s inferred resource estimates and strengthen its market position in the silver mining sector.

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 exploration and development of silver deposits. The company’s primary operations are centered around the Bayhorse Silver Mine located in Oregon, USA, where it engages in the extraction and analysis of silver mineralization.

Average Trading Volume: 339,011

Technical Sentiment Signal: Sell

Current Market Cap: C$14M

Find detailed analytics on BHS stock on TipRanks’ Stock Analysis page.