Apollo Silver Expands Calico Project with Strategic Acquisition

Apollo Gold ( (TSE:APGO) ) just unveiled an update.

Apollo Silver Corp. has significantly expanded its Calico Project by acquiring the Mule claims, increasing its land package by over 285%. This acquisition, from LAC Exploration LLC, adds 2,215 hectares of highly prospective claims contiguous to Apollo’s existing Waterloo property. The expansion is expected to enhance Apollo’s exploration potential, particularly with the identification of high-grade silver targets and the potential for copper, zinc, and lead mineralization. The strategic location of the Mule claims along the Calico Fault System offers promising opportunities for further discoveries, bolstering Apollo’s position in the mining industry and potentially increasing shareholder value.

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. operates in the mining industry, focusing on the exploration and development of silver and gold projects. The company is primarily engaged in the Calico Silver Project, which is located in California and aims to expand its resource base through strategic acquisitions and exploration activities.

Average Trading Volume: 588,520

Technical Sentiment Signal: Buy

Current Market Cap: C$78.8M

For detailed information about APGO stock, go to TipRanks’ Stock Analysis page.