Highlander Silver Launches Corani Drilling and Resets Mercedes Mine After Bear Creek Merger

Highlander Silver ( (TSE:HSLV) ) just unveiled an update.

Highlander Silver has outlined post-merger plans following its combination with Bear Creek Mining, highlighting a strong balance sheet with about US$100 million in cash and no debt and projecting a year-end cash balance near US$60 million under a disciplined spending program. The company is concentrating on high-impact exploration, project optimization and development readiness at its flagship Corani project in Peru, while also advancing permitting at San Luis.

At Corani, Highlander has begun its first exploration drilling in more than a decade, completed an airborne magnetic survey, expanded an induced polarization program and initiated roadwork, camp upgrades and power infrastructure, alongside work on an updated feasibility study based on a staged-development approach. At the Mercedes mine in Mexico, the company has restructured the asset by removing a burdensome gold stream, settling debt and union agreements, restoring working capital and planning drilling, mine development and infrastructure upgrades to position the operation for sustained free cash flow and operational improvements.

The most recent analyst rating on (TSE:HSLV) stock is a Buy with a C$14.75 price target. To see the full list of analyst forecasts on Highlander Silver stock, see the TSE:HSLV Stock Forecast page.

More about Highlander Silver

Highlander Silver is a precious metals company focused on advancing and operating silver and gold projects in the Americas. Its portfolio includes the Corani silver project in Peru, described as the largest fully permitted primary silver project globally, the high-grade San Luis gold-silver project, and the Mercedes gold-silver mine in Sonora, Mexico.

Average Trading Volume: 779,994

Technical Sentiment Signal: Buy

Current Market Cap: C$1.65B

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