tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Tinka Resources Authorized to Begin Drilling at Silvia Gold-Copper Project

Story Highlights
  • Tinka Resources is expanding into gold and copper exploration at its Silvia property in Peru.
  • The company received approval to start drilling at Silvia, with plans for a Q4 2025 program.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Tinka Resources Authorized to Begin Drilling at Silvia Gold-Copper Project

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

The latest announcement is out from Tinka Resources ( (TSE:TK) ).

Tinka Resources has received authorization from the Peruvian Ministry of Energy and Mines to commence a drill program at its Silvia gold-copper property. This development marks a significant milestone for the company, allowing it to explore multiple high-priority targets at the site, including the promising Silvia NW Area A. The drill program is planned for Q4 2025, contingent on securing adequate funding, and represents a strategic expansion into gold and copper exploration alongside the ongoing review of its Ayawilca project.

Spark’s Take on TSE:TK Stock

According to Spark, TipRanks’ AI Analyst, TSE:TK is a Neutral.

Tinka Resources faces significant financial challenges due to its lack of revenue and persistent losses, which heavily weigh on its stock score. While the balance sheet is strong, the cash flow situation is precarious. Technical indicators suggest bearish momentum, albeit with potential for a rebound. The valuation is unattractive due to a negative P/E ratio and no dividend yield. However, recent strategic shareholder approvals may offer future strategic advantages.

To see Spark’s full report on TSE:TK stock, click here.

More about Tinka Resources

Tinka Resources Limited is an exploration and development company primarily focused on its flagship Ayawilca zinc-silver-tin project. The company is also expanding its portfolio into gold and copper exploration with its 100%-owned Silvia gold-copper property in central Peru.

Average Trading Volume: 177,069

Technical Sentiment Signal: Sell

Current Market Cap: C$22.48M

See more data about TK stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1