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Silver Mountain Resources, Inc. Class A ( (TSE:AGMR) ) just unveiled an announcement.
Silver Mountain Resources has launched a 7,000-metre underground infill drilling program at its Reliquias mine in Huancavelica, Peru, aimed at upgrading mineral resources, expanding its resource inventory and defining high-grade zones to strengthen early production feed. The drilling, focused on the Sacasipuedes, Ayayay and Perseguida veins, supports a planned restart of production in the third quarter of 2026 and is intended to enhance mine planning precision, extend mine life and improve the project’s long-term production profile.
The company is conducting the program from underground drill platforms to achieve high-precision targeting and better structural interpretation, which should improve confidence in mineralized continuity and support future resource updates. In a separate corporate move, Silver Mountain has issued Class A common shares to directors in lieu of fees for periods ended September 30 and December 31, 2025, aligning board compensation more closely with shareholder interests while the company advances restart preparations.
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 (pre-revenue, sizeable losses, and sustained cash burn) and a negative P/E tied to unprofitability. These risks are partly offset by favorable technical momentum (strong uptrend vs. key moving averages with positive MACD) and a low-leverage balance sheet with $0 debt.
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 exploring and developing 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 emphasizes responsible mining, community engagement and sustainable development.
Average Trading Volume: 312,784
Technical Sentiment Signal: Buy
Current Market Cap: C$230.9M
Learn more about AGMR stock on TipRanks’ Stock Analysis page.