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Silver Dollar Resources ( (TSE:SLV) ) has provided an announcement.
Silver Dollar Resources has engaged contractor Versa Perforaciones to carry out a fully funded 3,500-metre diamond drilling campaign starting in April at its flagship La Joya Silver (Cu-Au) Project in Durango, Mexico. The program marks a strategic pivot from open-pit concepts toward underground exploration, targeting areas around intrusive bodies that resemble mineralization styles at the nearby San Martin mine.
By focusing on deeper, San Martin-type mineralization, particularly near the Coloradito intrusive at the El Brazo zone and other defined targets, the company aims to validate the potential for higher-value underground resources beyond previously outlined zones. Success could upgrade La Joya’s geological model, strengthen Silver Dollar’s standing in a high-grade silver district with multiple operating mines, and support its broader growth ambitions across the Durango-Zacatecas belt.
The most recent analyst rating on (TSE:SLV) stock is a Sell with a C$0.33 price target. To see the full list of analyst forecasts on Silver Dollar Resources stock, see the TSE:SLV Stock Forecast page.
Spark’s Take on SLV Stock
According to Spark, TipRanks’ AI Analyst, SLV is a Neutral.
The score is held back primarily by pre-revenue financials with ongoing losses and worsening TTM cash burn, alongside weak technicals (below key moving averages with negative MACD). A debt-free balance sheet provides some stability, but valuation remains challenged due to negative earnings and no dividend support.
To see Spark’s full report on SLV stock, click here.
More about Silver Dollar Resources
Silver Dollar Resources is a mineral exploration company focused on advanced and early-stage silver and gold projects in North America’s Durango-Zacatecas belt. Its flagship La Joya Silver (Cu-Au) Project and Nora Silver-Gold Project position the firm in a prolific Mexican mining region, and it is fully funded for 2026 with backing from major investor Eric Sprott.
Management is pursuing an aggressive growth strategy, actively reviewing drill-ready acquisition targets in mining-friendly jurisdictions to expand its portfolio and reinforce its presence in premier mining districts.
Average Trading Volume: 497,024
Technical Sentiment Signal: Sell
Current Market Cap: C$25.42M
See more insights into SLV stock on TipRanks’ Stock Analysis page.