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Eloro Resources ( (TSE:ELO) ) has shared an announcement.
Eloro Resources has completed all option payments to Empresa Minera Villegas to secure a 99% joint venture interest, full economic participation and operational control over the Iska Iska silver-tin polymetallic project in Bolivia, including a final US$1.15 million payment and the placement of US$1.8 million in trust pending transfer of additional mining rights. By formalizing an addendum to its joint venture agreement that leaves Minera Villegas with a 1% interest while ensuring Eloro’s operational control and regulatory compliance under Bolivian mining law, the company has simplified ownership, reduced economic uncertainty and strengthened its strategic position to advance development at Iska Iska, a key asset in its growth pipeline.
The most recent analyst rating on (TSE:ELO) stock is a Hold with a C$3.50 price target. To see the full list of analyst forecasts on Eloro Resources stock, see the TSE:ELO Stock Forecast page.
Spark’s Take on TSE:ELO Stock
According to Spark, TipRanks’ AI Analyst, TSE:ELO is a Neutral.
The score is held back primarily by weak financial performance (pre-revenue status, recurring losses, and negative free cash flow), despite a low-debt balance sheet. Technicals are a major positive with a strong uptrend and positive momentum, while valuation remains constrained by negative earnings and no dividend support.
To see Spark’s full report on TSE:ELO stock, click here.
More about Eloro Resources
Eloro Resources Ltd. is an exploration and mine development company focused on precious and base metals, with a portfolio of properties in Bolivia, Peru and Quebec. Its flagship asset is the Iska Iska silver-tin polymetallic epithermal-porphyry complex in Bolivia’s Potosí Department, where it holds a 99% joint venture interest and 100% economic participation, alongside an 82% interest in the La Victoria gold-silver project in Peru.
Average Trading Volume: 324,770
Technical Sentiment Signal: Buy
Current Market Cap: C$345.1M
For detailed information about ELO stock, go to TipRanks’ Stock Analysis page.