Silver Mines Advances Bowdens Silver Project with Key Planning Decision

Silver Mines Limited ( (AU:SVL) ) has issued an announcement.

Silver Mines Limited announced a significant development regarding its Bowdens Silver Project, as the New South Wales Planning Secretary determined that the transmission line to power the project is not part of the single proposed development. This decision reinstates the previous planning approach, allowing Silver Mines to progress with the project, which promises substantial economic benefits including over 200 direct jobs. The company is committed to finalizing the development consent and continuing its engagement with stakeholders and government agencies.

The most recent analyst rating on (AU:SVL) stock is a Buy with a A$0.14 price target. To see the full list of analyst forecasts on Silver Mines Limited stock, see the AU:SVL Stock Forecast page.

More about Silver Mines Limited

Silver Mines Limited operates in the mining industry, focusing on silver extraction and production. The company is engaged in developing the Bowdens Silver Project, one of the largest undeveloped silver deposits globally, with a strong emphasis on responsible and transparent development.

YTD Price Performance: 24.36%

Average Trading Volume: 8,644,096

Technical Sentiment Signal: Sell

Current Market Cap: A$172.6M

For a thorough assessment of SVL stock, go to TipRanks’ Stock Analysis page.