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An update from Kootenay Silver ( (TSE:KTN) ) is now available.
Kootenay Silver Inc. has announced a maiden Mineral Resource Estimate for its Columba Silver Project in Chihuahua, Mexico, marking a significant advancement in the project’s development. The estimate reveals 54 million ounces of silver at a grade of 284 grams per tonne, alongside notable quantities of lead and zinc. This development underscores the high-grade potential of the project and sets the stage for further exploration and expansion. The company plans to continue drilling to expand and infill known mineralized zones, aiming to increase the resource base and define an economic resource, which could enhance its industry positioning and offer substantial opportunities for stakeholders.
Spark’s Take on TSE:KTN Stock
According to Spark, TipRanks’ AI Analyst, TSE:KTN is a Neutral.
Kootenay Silver is facing significant financial hurdles, primarily due to zero revenue and consistent operational losses. However, low leverage and recent positive corporate events, such as promising drill results and enhanced U.S. investor access, offer potential upside. Despite bearish technical indicators, the valuation suggests room for improvement if financial performance stabilizes. Overall, the stock’s score reflects the current financial challenges with some positive outlook from strategic developments.
To see Spark’s full report on TSE:KTN stock, click here.
More about Kootenay Silver
Kootenay Silver Inc. is a mineral exploration company focused on the discovery and development of silver resources. The company is engaged in the exploration of silver projects in Mexico, with a primary focus on the Columba Silver Project in Chihuahua.
Average Trading Volume: 129,601
Technical Sentiment Signal: Buy
Current Market Cap: C$74.89M
See more data about KTN stock on TipRanks’ Stock Analysis page.