Silver Elephant Sets New Silver Delivery Record

Silver Elephant Mining Corp (TSE:ELEF) has released an update.

Silver Elephant Mining Corp. has reached a new monthly high by delivering 20,894 tonnes of high-grade silver oxide to Andean Precious Metals in April 2023, marking a significant milestone in production and sales. The company has seen a steady increase in the mined silver oxide since October 2023, contributing to the economic growth of Pulacayo township. With the existing agreement, Silver Elephant is set to sell up to 800,000 tonnes of the material to Andean, promising revenues of up to $7 million based on silver prices.

For further insights into TSE:ELEF stock, check out TipRanks’ Stock Analysis page.