Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
The latest update is out from Highlander Silver ( (TSE:HSLV) ).
Highlander Silver has closed a non-brokered private placement with mining investor Eric Sprott, raising US$40 million through the issuance of 8,060,226 common shares at C$6.80 per share. The company plans to deploy the proceeds to advance its mineral projects, particularly the high-grade San Luis gold-silver asset in Peru, and for working capital and general corporate purposes, bolstering its financial capacity to progress exploration and development while reinforcing support from a prominent strategic shareholder base.
The most recent analyst rating on (TSE:HSLV) stock is a Buy with a C$5.50 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 Corp. is a Toronto-listed precious metals exploration company focused on advancing the bonanza-grade San Luis gold-silver project in central Peru, adjacent to the past-producing Pierina mine. The San Luis project hosts high-grade indicated mineral resources, ranking among the world’s top ten projects by grade in both gold and silver, and the company’s shareholder base includes prominent mining investment groups such as the Augusta Group, the Lundin family and Eric Sprott.
Average Trading Volume: 451,592
Technical Sentiment Signal: Buy
Current Market Cap: C$1.03B
For an in-depth examination of HSLV stock, go to TipRanks’ Overview page.