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Silver Bullet Mines Corp ( (TSE:SBMI) ) has shared an update.
Silver Bullet Mines Corp. has commenced Phase Two of its development program at the Washington Mine in Idaho following a successful summer exploration. This phase involves opening the Subrosa Adit and mining a bulk sample believed to contain high-grade silver and gold, with plans to process the material at a local mill or potentially install a modular mill on-site. The company is also awaiting analysis results from its Arizona operations to advance sales processes.
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. is a mining company focused on the exploration and development of mineral resources, primarily gold and silver. The company operates in the mining industry with a focus on developing its Washington Mine in Idaho and other mining interests in Arizona.
Average Trading Volume: 192,913
Technical Sentiment Signal: Buy
Current Market Cap: C$30.28M
For an in-depth examination of SBMI stock, go to TipRanks’ Overview page.