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Silver Mines Limited Advances Bowdens Project and Expands Exploration Portfolio

Story Highlights
  • Silver Mines is working to reinstate development consent for the Bowdens Silver Project.
  • The company acquired new projects in California, enhancing its exploration portfolio.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Silver Mines Limited Advances Bowdens Project and Expands Exploration Portfolio

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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.

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