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The latest announcement is out from Silver Bullet Mines Corp ( (TSE:SBMI) ).
Silver Bullet Mines Corp. has started daily processing of high-grade silver and gold from the Super Champ Mine in Arizona, aiming to produce significant quantities of concentrate for a third-party buyer. The company is enhancing its operational capacity by adding shifts and has secured strategic financing through a non-brokered private placement to support site work and expansion projects.
Spark’s Take on TSE:SBMI Stock
According to Spark, TipRanks’ AI Analyst, TSE:SBMI is a Underperform.
Silver Bullet Mines Corp’s overall stock score is heavily impacted by its financial instability, marked by persistent losses and high leverage. While recent corporate developments and technical indicators offer some positive aspects, the company’s negative valuation metrics and financial health present significant risks.
To see Spark’s full report on TSE:SBMI stock, click here.
More about Silver Bullet Mines Corp
Silver Bullet Mines Corp. operates in the mining industry, focusing on the extraction and processing of high-grade silver and gold. The company owns and operates a mill in Globe, Arizona, and is involved in mining activities at the Super Champ Mine in Arizona, as well as other properties like the King Tut Gold Mine and the Washington Mine in Idaho.
Average Trading Volume: 113,666
Technical Sentiment Signal: Buy
Current Market Cap: C$19.57M
For a thorough assessment of SBMI stock, go to TipRanks’ Stock Analysis page.