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Silver Mountain Resources, Inc. Class A ( (TSE:AGMR) ) just unveiled an update.
Silver Mountain Resources has reported steady progress on restarting its flagship Reliquias Mine in Huancavelica, Peru, with underground development now totaling about 1,500 metres and processing plant refurbishment and tailings storage facility rehabilitation advancing on schedule. The company has stockpiled roughly 2,500 tonnes of mineralized material and is preparing to launch a 7,000-metre infill drilling campaign at Reliquias and a separate 10,000-metre drilling program at the nearby Caudalosa Mine to bolster resource confidence and support future mine planning, all underpinned by a treasury of more than US$32 million as it targets a return to commercial production in the third quarter of 2026.
The most recent analyst rating on (TSE:AGMR) stock is a Hold with a C$4.00 price target. To see the full list of analyst forecasts on Silver Mountain Resources, Inc. Class A stock, see the TSE:AGMR Stock Forecast page.
Spark’s Take on TSE:AGMR Stock
According to Spark, TipRanks’ AI Analyst, TSE:AGMR is a Neutral.
The score is held back primarily by very weak financial performance (no revenue, sizable losses, and sustained negative free cash flow), partially offset by a debt-free balance sheet. Technicals are currently strong with price above major moving averages and positive MACD, while recent financings and project progress support execution. Valuation remains challenging due to negative earnings and no dividend yield provided.
To see Spark’s full report on TSE:AGMR stock, click here.
More about Silver Mountain Resources, Inc. Class A
Silver Mountain Resources Inc. is a Canadian mining company focused on the exploration and development of silver projects in Peru. Its principal asset is the Reliquias Project, a past-producing silver mine in the Castrovirreyna district of Huancavelica, where the company aims to create long-term shareholder value through responsible mining, community engagement and sustainable development practices.
Average Trading Volume: 208,134
Technical Sentiment Signal: Buy
Current Market Cap: C$231.2M
For a thorough assessment of AGMR stock, go to TipRanks’ Stock Analysis page.