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Rio Silver ( (TSE:RYO) ) has shared an update.
Rio Silver Inc. has amended the terms of its acquisition of the Maria Norte Project from Peruvian Metals Corp. The revised terms eliminate the net smelter royalty to Peruvian and adjust the payment securities to 3,000,000 shares and 1,000,000 share purchase warrants of Rio Silver. Additionally, Rio Silver will make a payment of US$22,500 to Peruvian, while maintaining the option payments. This amendment is expected to streamline the transaction and potentially enhance Rio Silver’s operational efficiency and strategic positioning in the Peruvian mining sector.
Spark’s Take on TSE:RYO Stock
According to Spark, TipRanks’ AI Analyst, TSE:RYO is a Underperform.
Rio Silver’s overall stock performance is hindered by significant financial weaknesses, including lack of revenue and negative equity. Technical analysis indicates a bearish trend, and valuation metrics are unappealing with a negative P/E ratio. The strategic sale of the Niñobamba project offers a glimmer of opportunity for improvement.
To see Spark’s full report on TSE:RYO stock, click here.
More about Rio Silver
Rio Silver is a resource development company focused on acquiring and developing precious metal assets that are expected to generate near-term cash flow. The company operates in a shareholder-friendly manner, emphasizing non-dilutive strategies, and is optimistic about the supportive mining policies and growth in Peru.
Average Trading Volume: 19,782
Technical Sentiment Signal: Hold
Current Market Cap: C$2.21M
Learn more about RYO stock on TipRanks’ Stock Analysis page.