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The latest announcement is out from Silver Mines Limited ( (AU:SVL) ).
Silver Mines Limited has announced the acquisition of two significant projects, the Calico North Project and the Kramer Hills Project, in California, USA. These acquisitions are expected to enhance the company’s exploration portfolio by adding low-risk exploration opportunities. The Calico North Project is part of a prolific silver district with historical production, while the Kramer Hills Project offers potential for gold exploration. The strategic move aims to provide geographical diversification and potential development pipelines, aligning with the company’s focus on brownfields targets with high potential and minimal balance sheet impact.
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 operates in the mining industry, focusing on the exploration and development of silver and gold resources. The company is primarily engaged in advancing its flagship Bowdens Silver Project while expanding its exploration portfolio with projects in safe jurisdictions.
Average Trading Volume: 9,578,548
Technical Sentiment Signal: Buy
Current Market Cap: A$231.4M
For detailed information about SVL stock, go to TipRanks’ Stock Analysis page.