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Silver Mines Limited ( (AU:SVL) ) just unveiled an announcement.
Silver Mines Limited has successfully raised $30 million through a placement to institutional and sophisticated investors, with an additional $3 million expected from a Share Purchase Plan (SPP). The funds will be used to advance the Bowdens Silver Project, explore new opportunities, and strengthen the company’s financial position, reflecting strong investor confidence and positioning Silver Mines for future growth.
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 focused on the exploration and development of silver projects. The company is actively engaged in projects in Australia, including the Bowdens Silver Project, and has recently expanded its operations to the United States with projects such as the Calico North Project and Kramer Hills Project.
Average Trading Volume: 7,591,251
Technical Sentiment Signal: Hold
Current Market Cap: A$239.8M
See more insights into SVL stock on TipRanks’ Stock Analysis page.