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Golden Tag Resources ( (TSE:SVRS) ) has issued an update.
Silver Storm Mining Ltd. has launched a 6,000-metre underground drilling campaign at its wholly owned La Parrilla Silver Mine Complex in Durango, Mexico, targeting the Quebradillas, San Marcos and Rosarios mines to support an internal mine plan and expand Indicated and Inferred resources ahead of a potential restart of operations in 2026. The program, which includes detailed step-out and infill drilling across multiple mineralized zones and is expected to be followed by an additional 4,000 metres of drilling and broader surface exploration, underscores the company’s strategy to re-establish La Parrilla as a producing asset and advance multiple targets within the district, with implications for future production capacity and resource growth.
The most recent analyst rating on (TSE:SVRS) stock is a Hold with a C$0.54 price target. To see the full list of analyst forecasts on Golden Tag Resources stock, see the TSE:SVRS Stock Forecast page.
Spark’s Take on TSE:SVRS Stock
According to Spark, TipRanks’ AI Analyst, TSE:SVRS is a Neutral.
The score is primarily held back by weak financial performance (no revenue, widening losses, and ongoing cash burn), despite a low-debt balance sheet. Technicals are a positive with strong trend strength, though overbought signals increase pullback risk. Valuation is constrained by negative earnings and no dividend, while recent financing and restart-progress corporate events provide a moderate positive catalyst.
To see Spark’s full report on TSE:SVRS stock, click here.
More about Golden Tag Resources
Silver Storm Mining Ltd. is a Canadian precious metals company focused on advanced-stage silver projects in Durango, Mexico. Its flagship asset is the 100% owned La Parrilla Silver Mine Complex, a historically prolific operation that includes a 2,000 tonne-per-day processing mill and three underground mines, which the company aims to move toward a potential near-term restart. Silver Storm also owns the San Diego Project, considered one of the largest undeveloped silver assets in Mexico, positioning the company as a significant player in the Mexican silver mining sector.
Average Trading Volume: 2,610,129
Technical Sentiment Signal: Buy
Current Market Cap: C$401.2M
See more data about SVRS stock on TipRanks’ Stock Analysis page.