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An update from Southern Silver Exploration ( (TSE:SSV) ) is now available.
Southern Silver Exploration Corp. has acquired the right to purchase the Puro Corazon mining claim, which is contiguous to its Cerro Las Minitas project in Durango, Mexico. This acquisition is expected to enhance the company’s operational efficiencies and project economics by integrating Puro Corazon’s high-grade, near-surface material into the existing mine plan. The company plans to conduct a 12,000-meter infill drilling program and prepare an updated Technical Report and Preliminary Economic Assessment. The strategic move is anticipated to improve capital efficiency, resource growth, and project sequencing, potentially increasing the net present value and internal rate of return of the Cerro Las Minitas project.
The most recent analyst rating on (TSE:SSV) stock is a Buy with a C$0.71 price target. To see the full list of analyst forecasts on Southern Silver Exploration stock, see the TSE:SSV Stock Forecast page.
Spark’s Take on TSE:SSV Stock
According to Spark, TipRanks’ AI Analyst, TSE:SSV is a Neutral.
Southern Silver Exploration shows significant financial weaknesses, with no revenue and persistent losses. The technical indicators are not favorable, reflecting a bearish trend. The company’s valuation metrics are unattractive due to its unprofitability. However, recent corporate events, including successful project advancements and strategic acquisitions, offer a glimmer of potential future growth, slightly improving the outlook.
To see Spark’s full report on TSE:SSV stock, click here.
More about Southern Silver Exploration
Southern Silver Exploration Corp. is an exploration and development company focused on discovering world-class mineral deposits, either directly or through joint ventures, in major jurisdictions. The company emphasizes its 100% owned Cerro Las Minitas silver-lead-zinc project in Mexico’s Faja de Plata, a region known for hosting multiple world-class mineral deposits. Southern Silver also holds properties in New Mexico, USA, including the Oro porphyry copper-gold project and the Hermanas gold-silver vein project.
Average Trading Volume: 1,572,068
Technical Sentiment Signal: Buy
Current Market Cap: C$117.7M
Find detailed analytics on SSV stock on TipRanks’ Stock Analysis page.