Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Silver Elephant Mining ( (TSE:ELEF) ) has provided an announcement.
Silver Elephant Mining Corp. and Oracle Commodity Holding Corp. have amended their royalty agreements for Silver Elephant’s Mongolian coal and Bolivian silver properties. The revised agreements reduce the coal royalty to the greater of US$2 per tonne or 3% of NSR and adjust the silver royalty to 2% of 70% of the gross metal value, removing the previous threshold silver price of $30 per ounce. These changes aim to streamline royalty payments and reflect a strategic adjustment in the company’s operations, potentially impacting its financial obligations and market positioning.
Spark’s Take on TSE:ELEF Stock
According to Spark, TipRanks’ AI Analyst, TSE:ELEF is a Underperform.
Silver Elephant Mining faces significant financial challenges with zero revenue and mounting losses, which heavily impact its overall stock score. Technical analysis shows some short-term stability but a longer-term bearish trend. Valuation concerns due to a negative P/E ratio and lack of dividends further weigh on the score. Mixed corporate events add complexity, with financial initiatives slightly balancing operational setbacks. Overall, the stock presents high risk with limited immediate upside.
To see Spark’s full report on TSE:ELEF stock, click here.
More about Silver Elephant Mining
Silver Elephant Mining Corp. is a mineral exploration company focusing on gold and silver projects in Bolivia.
Average Trading Volume: 100,864
Technical Sentiment Signal: Sell
Current Market Cap: C$7.04M
Find detailed analytics on ELEF stock on TipRanks’ Stock Analysis page.