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Silver Mines Limited ( (AU:SVL) ) has provided an announcement.
Silver Mines Limited has announced the launch of a Share Purchase Plan (SPP) aimed at raising up to $3 million. The SPP offers eligible shareholders in Australia and New Zealand the opportunity to purchase shares at a discounted price of $0.12 per share, which is 16.3% below the recent average market price. The plan opens on 13 August 2025 and closes on 27 August 2025, allowing shareholders to apply for shares in increments up to A$30,000 without incurring additional costs. This initiative follows a recent share placement that raised $30 million, and it is expected to enhance the company’s capital base, potentially impacting its operational capabilities and market positioning.
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 the exploration and development of silver deposits. The company is listed on the Australian Securities Exchange (ASX) under the ticker SVL and is engaged in activities within Australia and New Zealand.
Average Trading Volume: 7,880,532
Technical Sentiment Signal: Hold
Current Market Cap: A$261.8M
See more insights into SVL stock on TipRanks’ Stock Analysis page.