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Silver Mines Limited ( (AU:SVL) ) has provided an update.
Silver Mines Limited has issued 144,928 fully paid ordinary shares at an issue price of $0.1196 per share following the exercise of options, and has lodged a cleansing notice confirming these shares were issued without a full prospectus under the Corporations Act. The company stated it remains compliant with its financial reporting and continuous disclosure obligations and noted that exploration programs, particularly at the Bowdens Silver Project, are ongoing, with results incomplete and not yet ready for market release, meaning investors currently lack additional exploration data that could affect the company’s valuation and share price once disclosed.
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 the exploration and development of silver and related mineral projects, including the flagship Bowdens Silver Project in New South Wales. The company is engaged in ongoing exploration activities across its portfolio, positioning itself within the precious metals sector with an emphasis on advancing its assets through drilling and related geological programs.
YTD Price Performance: -6.82%
Average Trading Volume: 18,512,556
Technical Sentiment Signal: Buy
Current Market Cap: A$440.1M
For detailed information about SVL stock, go to TipRanks’ Stock Analysis page.