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Silver Elephant Mining ( (TSE:ELEF) ) just unveiled an announcement.
Silver Elephant Mining Corp. has commenced trucking and toll milling of silver-mineralized material from its Apuradita Paca Project in Bolivia. The material is being processed at a facility in Potosi to produce silver-lead-zinc concentrate for sale. The company maintains a production forecast of 1,000 to 2,000 tonnes of silver-bearing material monthly and plans to toll-mill approximately 10,000 tonnes in the initial campaign. The discovery of high-grade silver-bearing veinlet systems during tunnel development presents additional exploration opportunities, potentially enhancing the company’s resource base.
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 with gold and silver projects in Bolivia.
Average Trading Volume: 104,707
Technical Sentiment Signal: Sell
Current Market Cap: C$8.44M
For detailed information about ELEF stock, go to TipRanks’ Stock Analysis page.