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The latest announcement is out from Silver Elephant Mining ( (TSE:ELEF) ).
Silver Elephant Mining Corp. has received a favorable arbitration award in its dispute with Andean Precious Metals Corp. over a Master Services Agreement and related sales and purchase agreement, with the arbitrator finding that Andean breached the contract by failing to pay additional consideration. The decision orders Andean to pay US$1.0 million plus interest, while rejecting all of Andean’s counterclaims, including allegations of wrongful termination and illegal mining, and allowing a security deposit set-off that still leaves Silver Elephant with a substantial net recovery. The ruling strengthens Silver Elephant’s position in its broader dispute over the Mining Production Contract with COMIBOL, as the company evaluates further claims against Andean related to ongoing mining activities in the Paca area and continues to pursue administrative and judicial avenues to reinstate its mining rights at the Pulacayo and Paca projects.
The most recent analyst rating on (TSE:ELEF) stock is a Hold with a C$0.31 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, particularly the Pulacayo and Paca deposits, where it has held exclusive mining and development rights under a Mining Production Contract with state-owned COMIBOL since 2019.
Average Trading Volume: 134,405
Technical Sentiment Signal: Buy
Current Market Cap: C$18.29M
See more insights into ELEF stock on TipRanks’ Stock Analysis page.