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The latest announcement is out from Santacruz Silver Mining ( (TSE:SCZ) ).
Santacruz Silver Mining Ltd. has initiated development activities and is pursuing full production permitting for its Soracaya Project in Bolivia, marking a significant step towards a production decision. The project is seen as a cornerstone for the company’s growth in Bolivia, with its high-grade resources and strategic location expected to deliver long-term value. The company is focused on completing permitting and advancing the project towards full construction, aligning with its strategy to expand its production base in Bolivia.
The most recent analyst rating on (TSE:SCZ) stock is a Buy with a C$3.10 price target. To see the full list of analyst forecasts on Santacruz Silver Mining stock, see the TSE:SCZ Stock Forecast page.
Spark’s Take on TSE:SCZ Stock
According to Spark, TipRanks’ AI Analyst, TSE:SCZ is a Outperform.
Santacruz Silver Mining’s strong financial performance and attractive valuation are the primary drivers of its stock score. The technical analysis indicates strong momentum but also suggests caution due to overbought signals. The absence of earnings call data and corporate events does not impact the score.
To see Spark’s full report on TSE:SCZ stock, click here.
More about Santacruz Silver Mining
Santacruz Silver Mining Ltd. is engaged in the operation, acquisition, exploration, and development of mineral properties across Latin America. In Bolivia, the company operates the Bolivar, Porco, and Caballo Blanco mining complexes, which include the Tres Amigos and Colquechaquita mines.
Average Trading Volume: 1,231,930
Technical Sentiment Signal: Buy
Current Market Cap: C$927.8M
See more insights into SCZ stock on TipRanks’ Stock Analysis page.