Rio Silver Moves to Secure Permits for High-Grade Silver Access at Maria Norte

An announcement from Rio Silver ( (TSE:RYO) ) is now available.

Rio Silver Inc. has begun the formal regulatory process in Peru to secure the permits needed to access high‑grade silver mineralization at surface and to develop underground entry at its Maria Norte Project. Working with Peru’s Ministry of Energy and Mines and SUCAMEC, and building on existing community and access agreements, the company aims to obtain approvals for mining activities and explosives use and purchase, which it expects to receive in the second quarter, enabling blasting to expose surface veins, establish a portal and then evaluate strike continuity and depth for potential long‑term exploitation. Independent verification sampling conducted in 2025 under a National Instrument 43‑101 review confirmed high‑grade silver at surface, with assays ranging from 396 g/t to 991 g/t silver and associated lead, zinc and localized gold values, reinforcing Maria Norte’s characterization as a silver‑dominant, low‑sulphidation epithermal vein system and supporting management’s view of the project as a rare primary silver development opportunity in today’s market.

The most recent analyst rating on (TSE:RYO) stock is a Hold with a C$0.66 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 junior mining company focused on the exploration and development of silver-dominant mineral projects, with a key asset being the Maria Norte Project in Peru’s Huachocolpa District. The company targets high-grade silver veins, aiming to advance them from surface discovery to underground mineable resources through a capital-efficient, staged development strategy in a market where primary silver deposits are increasingly rare.

Average Trading Volume: 90,288

Technical Sentiment Signal: Buy

Current Market Cap: C$11.2M

For detailed information about RYO stock, go to TipRanks’ Stock Analysis page.