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The latest update is out from Silver Mines Limited ( (AU:SVL) ).
Silver Mines Limited has retracted a statement from a previous announcement regarding historical assay results for the Calico North Project, following a request from the ASX due to non-compliance with listing rules. The company advises investors not to rely on these historical assays for investment decisions. Additionally, Silver Mines has provided supplementary information about its Exploration Target Data and Estimation Methodology, highlighting a mid-point tonnage of 6.8 million tonnes for its oxide exploration target. The updated exploration target aligns with historical mining outlines and regulatory approvals, and future drilling campaigns will assess potential mineralization in the area.
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 assets. The company is engaged in acquiring and managing mining projects, with a market focus on expanding its portfolio of precious metal resources.
Average Trading Volume: 9,011,752
Technical Sentiment Signal: Hold
Current Market Cap: A$204.7M
See more insights into SVL stock on TipRanks’ Stock Analysis page.