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Golden Tag Resources ( (TSE:SVRS) ) just unveiled an announcement.
Silver Storm Mining has ordered all critical underground mining equipment and ventilation infrastructure needed to support renewed activity at its wholly owned La Parrilla Silver Mine Complex in Durango, Mexico, marking a key step toward a potential restart of operations in 2026. The plan includes the purchase of ten new units of underground mining equipment—haulage trucks, scooptrams, and development and production drills—from China’s Jiangxi Siton, the rehabilitation of existing Sandvik haulage and loading equipment, and the installation of new high-capacity Howden ventilation fans and 15 auxiliary units to improve safety and efficiency underground. Together, these investments bolster the mine’s operational readiness, reinforce Silver Storm’s focus on safety and productivity, and position the company to advance La Parrilla back into production, which could be significant for its growth trajectory and for stakeholders exposed to Mexican silver production.
Spark’s Take on TSE:SVRS Stock
According to Spark, TipRanks’ AI Analyst, TSE:SVRS is a Underperform.
Golden Tag Resources faces significant financial challenges, typical of a pre-revenue mining exploration company. While technical indicators suggest a neutral outlook, the valuation remains unattractive due to the lack of profitability. The recent private placement announcement is a positive development, providing potential financial stability. However, overall risks remain high due to financial instability and lack of revenue.
To see Spark’s full report on TSE:SVRS stock, click here.
More about Golden Tag Resources
Silver Storm Mining Ltd. is a precious metals company focused on advanced-stage silver projects in Durango, Mexico. Its flagship asset is the 100%-owned La Parrilla Silver Mine Complex, which includes a 2,000 tonnes-per-day mill and three underground mines, and the company also owns the San Diego Project, one of Mexico’s largest undeveloped silver assets.
Average Trading Volume: 2,720,881
Technical Sentiment Signal: Buy
Current Market Cap: C$315.8M
For a thorough assessment of SVRS stock, go to TipRanks’ Stock Analysis page.