Salazar Resources ( (TSE:SRL) ) has issued an update.
Salazar Resources Limited has provided an update on the construction and development plans for the El Domo mine, a joint venture with Silvercorp Metals Inc. The project is on track to start production by the end of 2026 with an estimated cost of $240.4 million, closely aligned with previous feasibility study estimates. The company holds a 25% free carried interest, and once commercial production begins, Silvercorp will initially receive the majority of dividends until its investment is recouped. The updated construction plan includes advanced engineering and infrastructure developments, aiming to improve the project’s payback time and overall efficiency.
Spark’s Take on TSE:SRL Stock
According to Spark, TipRanks’ AI Analyst, TSE:SRL is a Neutral.
Salazar Resources has a precarious financial position with ongoing losses and no revenue generation, significantly impacting its overall stock score. The technical indicators show strong upward momentum, but the financial fundamentals and valuation metrics highlight significant risks. The lack of earnings call data and corporate events means these factors could not be considered in the score.
To see Spark’s full report on TSE:SRL stock, click here.
More about Salazar Resources
Salazar Resources Limited is involved in the mining industry, focusing on the development of mineral resources. The company is engaged in a joint venture with Silvercorp Metals Inc. for the development of the El Domo mine, holding a 25% carried interest in the project.
YTD Price Performance: 100.0%
Average Trading Volume: 194,166
Technical Sentiment Signal: Sell
Current Market Cap: C$34.84M
Find detailed analytics on SRL stock on TipRanks’ Stock Analysis page.