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Peruvian Metals ( (TSE:PER) ) just unveiled an update.
Peruvian Metals has provided an update on its Minas Visca silver property in northern Peru, a 94-hectare, road-accessible project acquired in 2021 in a competitive auction that included major bidders such as Newmont and Mitsui. Historical and recent sampling at Minas Visca indicates silver-rich polymetallic mineralization with significant lead and zinc values, and preliminary metallurgical tests on bulk material have produced commercially viable concentrates. The project benefits from proximity to the company’s Aguila Norte processing plant, where Peruvian Metals plans to replace third-party ore with material from Minas Visca and its Palta Dorada property, potentially unlocking better economics, especially with current high silver prices. The company reports positive initial engagement with the local community and notes Mitsui’s planned nearby drilling as further validation of the area’s prospectivity, and it has arranged a non-brokered private placement of up to $1 million to fund exploration and general working capital, underlining its strategy of organic growth and increased control over its ore supply.
The most recent analyst rating on (TSE:PER) stock is a Hold with a C$0.13 price target. To see the full list of analyst forecasts on Peruvian Metals stock, see the TSE:PER Stock Forecast page.
Spark’s Take on TSE:PER Stock
According to Spark, TipRanks’ AI Analyst, TSE:PER is a Neutral.
The score is held back primarily by persistent net losses and consistently negative free cash flow, despite a low-debt balance sheet. Technicals are supportive due to strong trend momentum, but the stock appears overbought (high RSI), and valuation is weak with a very high P/E and no dividend support.
To see Spark’s full report on TSE:PER stock, click here.
More about Peruvian Metals
Peruvian Metals Corp. is a Canadian-based mineral processing and exploration company focused on polymetallic and precious metals projects in Peru. Its flagship Aguila Norte Processing Plant, permitted for 100 tonnes per day, processes polymetallic ores and is strategically located near the company’s owned projects, including the Palta Dorada gold-silver property and the Minas Visca silver project in northern Peru.
Average Trading Volume: 262,699
Technical Sentiment Signal: Buy
Current Market Cap: C$17.99M
Learn more about PER stock on TipRanks’ Stock Analysis page.