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Silver Mines Limited ( (AU:SVL) ) has issued an update.
Silver Mines Limited has issued 93,334 fully paid ordinary shares at an issue price of $0.1196 per share upon the exercise of options, with the new shares being issued without a prospectus under the relevant provisions of the Corporations Act. The company confirmed it is up to date with its financial reporting and continuous disclosure obligations and stated that, while it is conducting ongoing exploration programs at the Bowdens Silver Project and other sites, results are currently incomplete and will be released once available, noting that future exploration outcomes may impact the company’s share price.
The most recent analyst rating on (AU:SVL) stock is a Hold with a A$0.23 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 is an Australian resources company focused on silver exploration and development, including its flagship Bowdens Silver Project and other exploration assets. The company operates within the mining and exploration sector, targeting silver and related mineral opportunities in New South Wales and potentially other regions.
Average Trading Volume: 19,134,204
Technical Sentiment Signal: Buy
Current Market Cap: A$483M
Learn more about SVL stock on TipRanks’ Stock Analysis page.