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Silver Mines Limited ( (AU:SVL) ) just unveiled an update.
Silver Mines Limited is working with government departments to reinstate development consent for its Bowdens Silver Project, following a court decision that set aside previous approvals. The company has also acquired the Calico North Project and commenced a farm-in agreement for the Kramer Hills Project in California, enhancing its exploration portfolio with minimal upfront costs. These strategic moves aim to solidify Silver Mines’ position in the mining industry and offer low-risk exploration opportunities, complementing its primary focus on the Bowdens Project.
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 is a company operating in the mining industry, primarily focusing on silver exploration and development. Their flagship project is the Bowdens Silver Project, located in New South Wales, Australia, which is the largest known undeveloped silver deposit in the country. The company is also expanding its portfolio with projects in California, USA.
Average Trading Volume: 7,485,844
Technical Sentiment Signal: Buy
Current Market Cap: A$267.5M
For a thorough assessment of SVL stock, go to TipRanks’ Stock Analysis page.