0033 GMT - Now could be a good time for Kingsgate Consolidated to sell its Nueva Esperanza silver project in Chile, Canaccord Genuity suggests. That's because silver prices have surged 30% so far this year. Nueva Esperanza has a resource of 134 million oz of silver, grading at 106 grams per ton of ore. "Should the project be divested, we think this could be a windfall and valuation catalyst for Kingsgate," analyst Reg Spencer says. It points to Andean Silver as a potential benchmark for valuing the project. Andean Silver, with a market value of A$232 million, owns the Cerro Bayo project in Chile that has a resource of 120 million oz of silver. "While Cerro Bayo is more advanced with established infrastructure, we think it could provide a valuation yardstick for any divestment by Kingsgate," Canaccord says. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
July 31, 2025 20:33 ET (00:33 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。