PI Financial Corp Updates Coverage and Buy Recommendation on Silver Bull Resources - Video Posted on InvestmentPitch.com
Original announcement by tmx on
- Company
- Silver Bull Resources
- Ticker
- SVB
- Exchange
- TSX
- Region
- Mexico
- Primary commodity
- Silver
- Secondary commodities
- Zinc, Lead
- Document categories
- Metallurgy, Other
- Extracted
- 2026-09-13 03:14:30 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Silver Bull Resources reported metallurgical test results for its Sierra Mojada project in Mexico, showing average silver recoveries of 73.2% and zinc recoveries of 40-50% using a SART process. PI Financial Corp reiterated a buy recommendation following these results, noting the potential for cost reduction through cyanide recycling.
Reasoning: The announcement reports positive metallurgical test results for silver and zinc at the Sierra Mojada project, including successful cyanide recycling, which supports upcoming project economics studies.
Positive factors
- Positive silver recoveries reported
- Successful cyanide recycling in SART process
- Positive analyst reiteration
Negative factors
- Zinc recoveries are relatively low (40-50%)
- Silver recoveries are moderate (73.2% average)
Facts used in scoring: 2
Classification and evidence
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: The use of cyanide leach and SART process implies a mill/concentrator route.
Evidence · text
“Overall silver recoveries averaged 73.2% with peak values achieving approximately 89% from various sample grades and cyanide concentrations.”
Multi-Domain Testedpositive
Variability across ore domains (oxide, transition, fresh) has been addressed.
Why it applies: 2 distinct composites were tested
Extracted facts
Stored fact records: 2. Some facts used in scoring do not have a stored record.
Metallurgical Results (2)
cyanide leachSierra Mojada · silverRecovery: 73.2 %View all detailsHide details
Identity
- Project
- Sierra Mojada
- Commodity
- silver
- Region
- mexico
- Reported Region
- Mexico
- Ticker
- SVB
Test Work
- Program Status
- preliminary
- Test Type
- cyanide leach
- Sample
- silver mineralization from Shallow Silver Zone, Centenario Zone, and Fonteriza Zone
Recovery
- Recovery
- 73.2 %
- Recovery Basis
- actual_test
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2013-07-04T00:00:00.000Z
Reasoning: Average silver recovery of 73.2% reported across three zones.
Positive factors
- Peak values achieved approximately 89%
Negative factors
- Average recovery of 73.2% is moderate for silver
Evidence · text
“Overall silver recoveries averaged 73.2% with peak values achieving approximately 89%”
Tags used in scoring
Low Recoverynegative
Recovery below the weak band for the commodity and processing route.
Why it applies: 73.2% is below the weak band (75%)
SART processSierra Mojada · zincRecovery: 45 %View all detailsHide details
Identity
- Project
- Sierra Mojada
- Commodity
- zinc
- Region
- mexico
- Reported Region
- Mexico
- Ticker
- SVB
Test Work
- Program Status
- preliminary
- Test Type
- SART process
- Sample
- samples where the silver had already been precipitated out
Recovery
- Recovery
- 45 %
- Recovery Basis
- actual_test
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2013-07-04T00:00:00.000Z
Reasoning: Zinc recoveries reported in the 40-50% range using SART process.
Positive factors
- More than 98% of the cyanide was recycled
Negative factors
- Recoveries of 40 to 50% are relatively low
Evidence · text
“zinc recoveries of 40 to 50% were achieved from a SART process test”
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.