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GR Silver Mining ( (TSE:GRSL) ) just unveiled an announcement.
GR Silver Mining reported strong metallurgical test results from its Bulk Sampling Test Mining Program at the Plomosas Silver Project, with composited feed grades of around 595 g/t silver equivalent and rougher flotation recoveries of 71.5% for silver and 77.9% for gold into a lead concentrate, complemented by commercially acceptable concentrate specifications without penalty elements. The improved cleaner test results, particularly higher gold recoveries into the lead concentrate compared with earlier work, provide key design and cost data for a potential on-site pilot plant and support the company’s strategy to de-risk and assess the feasibility of bringing the historical Plomosas Mine back into production, enhancing its potential to secure offtake partners and strengthen its position in the Mexican silver sector.
The most recent analyst rating on (TSE:GRSL) stock is a Hold with a C$0.63 price target. To see the full list of analyst forecasts on GR Silver Mining stock, see the TSE:GRSL Stock Forecast page.
Spark’s Take on TSE:GRSL Stock
According to Spark, TipRanks’ AI Analyst, TSE:GRSL is a Neutral.
The score is held back primarily by weak financial performance (pre-revenue operations with ongoing losses and negative free cash flow), partially offset by a strong technical uptrend and positive momentum. Valuation is middling because the negative P/E reflects unprofitable operations and there is no dividend yield support.
To see Spark’s full report on TSE:GRSL stock, click here.
More about GR Silver Mining
GR Silver Mining Ltd. is a precious metals exploration and development company focused on advancing the Plomosas Silver Project in Mexico. The company is working to evaluate and potentially restart production at the historical underground Plomosas Mine, targeting the generation of high-value lead, silver, gold and zinc concentrates through modern engineering and processing methods.
Average Trading Volume: 3,476,276
Technical Sentiment Signal: Buy
Current Market Cap: C$223.1M
For an in-depth examination of GRSL stock, go to TipRanks’ Overview page.