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The latest announcement is out from Silver Mines Limited ( (AU:SVL) ).
Silver Mines Limited has announced developments regarding its Bowdens Silver Project in New South Wales, following recent changes to environmental planning laws. The company is actively working with government departments to secure development consent and has successfully raised $25 million. The updated Ore Reserve and Mineral Resource Estimate shows a significant increase in silver reserves and highlights improved metallurgical recoveries and mine design. The Bowdens Silver Project’s optimization study reveals strong economic potential, with silver contributing 86% of the project’s revenue over a 16-year mine life. The optimization includes a smoothed production schedule and several options for extending the mine life, making it one of the most leveraged projects to silver prices globally.
More about Silver Mines Limited
Silver Mines Limited is a company operating in the mining industry, primarily focusing on the extraction and production of silver, with additional outputs of zinc and lead. Their market focus involves leveraging silver as a significant revenue contributor, which positions them strategically within the silver commodity sector.
YTD Price Performance: 10.0%
Average Trading Volume: 40,595
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €75.56M
Learn more about SVL stock on TipRanks’ Stock Analysis page.
