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Silver Mines Limited ( (AU:SVL) ) has provided an announcement.
Silver Mines Limited has successfully completed its Share Purchase Plan (SPP), raising $4.07 million, surpassing its initial target of $3 million. The strong demand from shareholders reflects confidence in the company’s operations and strategic direction, following a prior $30 million share placement. This financial boost supports Silver Mines’ ongoing projects and strengthens its position in the mining sector.
The most recent analyst rating on (AU:SVL) stock is a Buy with a A$0.17 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 operates in the mining industry, focusing on the exploration and development of silver deposits. The company is primarily engaged in the production and sale of silver and related minerals, with a market focus on expanding its resource base and increasing shareholder value.
YTD Price Performance: 53.85%
Average Trading Volume: 7,338,098
Technical Sentiment Signal: Sell
Current Market Cap: A$251.4M
For a thorough assessment of SVL stock, go to TipRanks’ Stock Analysis page.