# PI Financial Corp Updates Coverage and Buy Recommendation on Silver Bull Resources - Video Posted on InvestmentPitch.com

Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/pi-financial-corp-updates-coverage-and-buy-recommendation-on-silver-bull-resourc--c4cc67cb-1de6-420e-b395-f94e464ab90c

Original source: https://money.tmx.com/en/quote/SVB/news/50399313/pi-financial-corp-updates-coverage-and-buy-recommendation-on-silver-bull-resourc

Publisher: tmx

Original announcement: 2013-07-04T21:45:19.000Z

Analysis by Minestarters Atlas

Atlas analysis published: Unknown date

Atlas analysis updated: Unknown date

- 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

Narrative sentiment: 0.60 · Bullish

## Minestarters Atlas 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 factor: Positive silver recoveries reported

- Positive factor: Successful cyanide recycling in SART process

- Positive factor: Positive analyst reiteration

- Negative factor: Zinc recoveries are relatively low \(40-50%\)

- Negative factor: Silver recoveries are moderate \(73.2% average\)

Facts used in scoring: 2

## Classification and evidence

**Mill Route**

Polarity: neutral

Definition: 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 Tested**

Polarity: positive

Definition: 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 leach

[Link to this fact](https://atlas-extractions.minestarters.com/news/pi-financial-corp-updates-coverage-and-buy-recommendation-on-silver-bull-resourc--c4cc67cb-1de6-420e-b395-f94e464ab90c#fact-metallurgical-facts-0)

Sierra Mojada · silver

#### 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 factor: Peak values achieved approximately 89%

- Negative factor: 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 Recovery**

Polarity: negative

Definition: Recovery below the weak band for the commodity and processing route.

Why it applies: 73.2% is below the weak band \(75%\)

### SART process

[Link to this fact](https://atlas-extractions.minestarters.com/news/pi-financial-corp-updates-coverage-and-buy-recommendation-on-silver-bull-resourc--c4cc67cb-1de6-420e-b395-f94e464ab90c#fact-metallurgical-facts-1)

Sierra Mojada · zinc

#### 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 factor: More than 98% of the cyanide was recycled

- Negative factor: 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.