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Silver Tiger Metals ( (TSE:SLVR) ) has provided an announcement.
Silver Tiger Metals Inc. has received all necessary approvals from the Mexican Federal Environmental Department to proceed with the construction of the El Tigre Stockwork Silver-Gold Project in Sonora, Mexico. This development marks a significant step forward for the company, as the project is expected to deliver robust economic returns, including an after-tax NPV of $222 million and an IRR of 40%, with a projected mine life of nine years. The approval supports Silver Tiger’s strategy of enhancing local community well-being and environmental sustainability, potentially strengthening its position in the mining industry.
The most recent analyst rating on (TSE:SLVR) stock is a Buy with a C$1.10 price target. To see the full list of analyst forecasts on Silver Tiger Metals stock, see the TSE:SLVR Stock Forecast page.
Spark’s Take on TSE:SLVR Stock
According to Spark, TipRanks’ AI Analyst, TSE:SLVR is a Neutral.
Silver Tiger Metals faces significant financial hurdles with negative profitability and cash flow issues. However, recent financing and promising developments at the El Tigre Project offer potential for future growth. The technical analysis is neutral, and the valuation appears overvalued in light of financial performance. Overall, the stock’s score reflects these mixed factors.
To see Spark’s full report on TSE:SLVR stock, click here.
More about Silver Tiger Metals
Silver Tiger Metals Inc. is a Canadian company with over 29 years of experience in discovering, financing, and building large hydrothermal gold and silver mines in Mexico. The company owns the 28,414-hectare Historic El Tigre Mining District in Sonora, Mexico, and is committed to environmental, social, and governance practices.
Average Trading Volume: 1,581,728
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$306.8M
Learn more about SLVR stock on TipRanks’ Stock Analysis page.