Silver Tiger Metals Secures C$40 Million for El Tigre Project Expansion

Silver Tiger Metals ( (TSE:SLVR) ) just unveiled an update.

Silver Tiger Metals Inc. has announced a C$40 million bought deal financing agreement with a syndicate of underwriters led by BMO Capital Markets and Stifel Nicolaus Canada. The funds will be used for the exploration and development of the El Tigre project and general corporate purposes. The El Tigre project, which has shown robust economic potential with a projected after-tax NPV of US$222 million and a 10-year mine life, is central to Silver Tiger’s operations and strategic growth in the mining sector.

The most recent analyst rating on (TSE:SLVR) stock is a Buy with a C$1.30 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 27 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 prioritizes principled environmental, social, and governance practices.

Average Trading Volume: 1,703,470

Technical Sentiment Signal: Buy

Current Market Cap: C$361M

For an in-depth examination of SLVR stock, go to TipRanks’ Overview page.