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An announcement from Silver Mines Limited ( (AU:SVL) ) is now available.
Silver Mines Limited announced an increase in ore reserves at the Bowdens Silver Project to 71.7 million ounces of silver, marking a 7.5% rise. This positions the company to capitalize on the growing industrial demand for silver, with the project expected to derive over 85% of its revenue from silver. The announcement also highlights improved metallurgical processes and a more efficient mine design, reflecting Silver Mines’ strategic emphasis on maximizing resource potential and operational efficiency.
More about Silver Mines Limited
Silver Mines Limited operates within the precious metals mining industry with a primary focus on silver extraction. The company emphasizes enhancing shareholder value through increased exposure to silver, leveraging strong demand and historical linkage to gold prices.
YTD Price Performance: 10.0%
Average Trading Volume: 17,370
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €75.97M
Learn more about SVL stock on TipRanks’ Stock Analysis page.
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