Silver Bullet Mines Receives First Payment From Arizona Gold-Silver Operations

Silver Bullet Mines Corp ( (TSE:SBMI) ) has shared an update.

Silver Bullet Mines Corp. has received its first payment for gold and silver concentrate from its Arizona operations, marking a transition from development and ramp-up activities to cash-generating production. The company has completed five shipments of concentrate, primarily derived from waste material at the KT and SC mines, is processing material for a sixth shipment, and expects future shipments to increase in both tonnage and grade, reinforcing management’s confidence in the operational viability of its Arizona assets and its strategy to build shareholder value through disciplined execution.

The most recent analyst rating on (TSE:SBMI) stock is a Sell with a C$0.28 price target. To see the full list of analyst forecasts on Silver Bullet Mines Corp stock, see the TSE:SBMI Stock Forecast page.

Spark’s Take on TSE:SBMI Stock

According to Spark, TipRanks’ AI Analyst, TSE:SBMI is a Neutral.

The score is held back primarily by very weak financial performance (no revenue, ongoing losses, and sustained cash burn) and only modest balance-sheet flexibility. Offsetting this, technicals show a mildly improving trend and corporate updates are notably positive with shipments and a direct-ship deal that could support future revenue generation.

To see Spark’s full report on TSE:SBMI stock, click here.

More about Silver Bullet Mines Corp

Silver Bullet Mines Corp. is a North America-focused mining company engaged in the acquisition, exploration, development and operation of precious metal properties, with key assets in Arizona and Idaho targeting gold and silver production.

Average Trading Volume: 235,774

Technical Sentiment Signal: Buy

Current Market Cap: C$38.65M

For an in-depth examination of SBMI stock, go to TipRanks’ Overview page.