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Blackrock Silver ( (TSE:BRC) ) just unveiled an announcement.
Blackrock Silver Corp. has announced an updated mineral resource estimate for its Tonopah West project, revealing significant increases in both indicated and inferred mineral resources. The updated estimate, which includes data from 83 new drill holes, shows 1.33 million tonnes grading 493 g/t silver equivalent for 21.1 million ounces indicated and 5.14 million tonnes grading 525.9 g/t silver equivalent for 86.88 million ounces inferred. This update underscores the success of Blackrock’s recent in-fill drilling program, which has enhanced geological confidence and confirmed previous estimates, potentially impacting the company’s market position and stakeholder interests positively.
The most recent analyst rating on (TSE:BRC) stock is a Buy with a C$1.00 price target. To see the full list of analyst forecasts on Blackrock Silver stock, see the TSE:BRC Stock Forecast page.
Spark’s Take on TSE:BRC Stock
According to Spark, TipRanks’ AI Analyst, TSE:BRC is a Neutral.
Blackrock Silver faces significant financial challenges, with ongoing losses and negative cash flows. However, its minimal debt and positive developments in the Tonopah West project provide some optimism. The technical indicators are neutral, and valuation metrics are unfavorable. Strategic improvements and successful project developments are crucial for future growth.
To see Spark’s full report on TSE:BRC stock, click here.
More about Blackrock Silver
Blackrock Silver Corp. operates in the mining industry, focusing on the exploration and development of silver and gold resources. The company is primarily engaged in the Tonopah West project located in West-Central Nevada, which is known for its rich mineral deposits.
Average Trading Volume: 788,807
Technical Sentiment Signal: Buy
Current Market Cap: C$246.6M
Find detailed analytics on BRC stock on TipRanks’ Stock Analysis page.