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Apollo Gold ( (TSE:APGO) ) has provided an update.
Apollo Silver Corp. has announced a non-brokered private placement offering to raise up to $20.88 million through the issuance of 5,800,000 units at $3.60 per unit. The proceeds will be used to advance the Calico Silver Project in California, support community relations at the Cinco de Mayo Project in Mexico, cover property maintenance costs, and for general corporate purposes. This move is expected to strengthen Apollo’s operational capabilities and enhance its position in the silver mining industry.
Spark’s Take on TSE:APGO Stock
According to Spark, TipRanks’ AI Analyst, TSE:APGO is a Underperform.
Apollo Gold’s overall stock score reflects significant financial challenges, notably the lack of revenue and persistent losses. While technical indicators show some positive trends, they are offset by poor valuation metrics. Recent corporate events suggest strategic improvements, yet their immediate impact remains uncertain.
To see Spark’s full report on TSE:APGO stock, click here.
More about Apollo Gold
Apollo Silver Corp. is advancing one of the largest undeveloped primary silver projects in the United States, with a focus on the Calico project, which hosts a large silver deposit with barite credits. The company also has an option on the Cinco de Mayo Project in Mexico, known for its high-grade carbonate replacement deposit. Led by an experienced management team, Apollo aims to deliver value through exploration and development.
Average Trading Volume: 165,730
Technical Sentiment Signal: Buy
Current Market Cap: C$196M
See more insights into APGO stock on TipRanks’ Stock Analysis page.