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Silver Mines Limited ( (AU:SVL) ) has issued an announcement.
Silver Mines Limited has issued 1,100,724 fully paid ordinary shares at $0.1196 per share following the exercise of options, and has lodged a cleansing notice confirming the shares were issued without a prospectus under relevant Corporations Act provisions. The company states it remains compliant with its financial reporting and continuous disclosure obligations and notes that it has ongoing exploration programs at the Bowdens Silver Project and other sites, with results yet to be received and therefore not currently disclosable, highlighting that future exploration outcomes could influence the market price of its shares.
The most recent analyst rating on (AU:SVL) stock is a Buy with a A$0.28 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 the exploration and development of silver and related minerals, including its flagship Bowdens Silver Project and other exploration assets. The company operates within the mining and exploration sector, targeting deposits in New South Wales as part of its strategy to advance silver projects through exploration and potential development.
Average Trading Volume: 15,910,035
Technical Sentiment Signal: Buy
Current Market Cap: A$428.7M
For an in-depth examination of SVL stock, go to TipRanks’ Overview page.