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Rio Silver ( (TSE:RYO) ) just unveiled an update.
Rio Silver reported that recent NI 43-101-compliant verification work at its Maria Norte project in central Peru has confirmed high-grade silver mineralization at surface, with channel samples returning up to 991 g/t silver and 6.26 g/t gold over 0.7 metres, plus strong lead and zinc values. Conducted by independent Qualified Person James A. McCrea, the limited but carefully controlled sampling supports the presence of a robust low-sulphidation epithermal vein system consistent with historical results and other producing mines in the Huachocolpa District, underpinning management’s view that Maria Norte has a clear path toward near-term development supported by favorable geology, metallurgy, existing infrastructure and strong community engagement.
The most recent analyst rating on (TSE:RYO) stock is a Hold with a C$0.64 price target. To see the full list of analyst forecasts on Rio Silver stock, see the TSE:RYO Stock Forecast page.
Spark’s Take on TSE:RYO Stock
According to Spark, TipRanks’ AI Analyst, TSE:RYO is a Neutral.
The score is held back primarily by weak financial performance (pre-revenue, ongoing operating losses and negative operating cash flow), partially offset by strong technical momentum (price above major moving averages, positive MACD) and generally positive corporate developments (project acquisitions and financing). Valuation is only middling given a ~30.6 P/E without dividend support.
To see Spark’s full report on TSE:RYO stock, click here.
More about Rio Silver
Rio Silver Inc. is a Canadian mineral exploration company focused on precious and base metals, primarily gold, silver, lead and zinc. The company is advancing its Maria Norte project in central Peru’s Huachocolpa District, a prolific Miocene polymetallic belt known for long-life, structurally controlled epithermal silver vein systems, leveraging existing regional infrastructure and local community support to pursue near-term development opportunities.
Average Trading Volume: 91,860
Technical Sentiment Signal: Buy
Current Market Cap: C$8.99M
Find detailed analytics on RYO stock on TipRanks’ Stock Analysis page.