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Southern Silver Exploration ( (TSE:SSV) ) has shared an update.
Southern Silver Exploration Corp. has announced promising results from its initial drilling on the Puro Corazon claim, part of the larger Cerro Las Minitas project in Durango, Mexico. The drilling revealed high-grade silver mineralization, indicating strong potential for further exploration success. The company plans to integrate these findings into the broader project to enhance its economic prospects and update resource estimates. With only 40% of the drilling program completed, Southern Silver anticipates significant developments in the coming months, which could positively impact its market positioning and stakeholder interests.
The most recent analyst rating on (TSE:SSV) stock is a Buy with a C$0.87 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. operates in the mining industry, focusing on the exploration and development of mineral properties. The company primarily deals with silver and other base metals, with a significant market focus on projects in Mexico, such as the Cerro Las Minitas project.
Average Trading Volume: 1,683,638
Technical Sentiment Signal: Buy
Current Market Cap: C$182.1M
Find detailed analytics on SSV stock on TipRanks’ Stock Analysis page.