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Silver Elephant Mining ( (TSE:ELEF) ) has shared an announcement.
Silver Elephant Mining Corp. has resumed trucking silver-bearing mineralized material from its Paca Apuradita mining project in Bolivia to a toll-milling plant, after a temporary suspension caused by diesel shortages and heavy rains. The company currently has about 1,750 tonnes stockpiled for processing into high-grade silver-lead concentrate for international sale, while underground operations at the Apuradita tunnel are ongoing at a rate of 500 to 1,000 tonnes per month, with an estimated at least 10,000 tonnes of remaining mineralized material that is conceptual in nature and not supported by a current resource or reserve estimate. Mining is being carried out via shrinkage stoping targeting sulphide zones averaging 412 g/t silver, 1.09% lead and 0.38% zinc, and Silver Elephant is simultaneously developing additional high-grade faces and evaluating near-surface oxide layers that could support open-pit extraction, signalling potential to scale output and diversify its production profile if these zones prove economically viable.
The most recent analyst rating on (TSE:ELEF) stock is a Hold with a C$0.29 price target. To see the full list of analyst forecasts on Silver Elephant Mining stock, see the TSE:ELEF Stock Forecast page.
Spark’s Take on TSE:ELEF Stock
According to Spark, TipRanks’ AI Analyst, TSE:ELEF is a Neutral.
The score is held back primarily by weak financial performance (no revenue, ongoing losses and cash burn, and negative equity). Technicals are relatively supportive with price above key moving averages and a positive MACD, while corporate updates show operational milestones and continued access to small financings, offset by legal/arbitration risk. Valuation is constrained by negative earnings and no stated dividend yield.
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 focused on developing its silver-lead-zinc project in Bolivia, targeting both underground sulphide mineralization and near-surface oxide zones with potential for bulk-tonnage, open-pit mining at current silver prices.
Average Trading Volume: 160,553
Technical Sentiment Signal: Buy
Current Market Cap: C$15.33M
Learn more about ELEF stock on TipRanks’ Stock Analysis page.