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
2026-08-21 13:20:53 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. The results include high cyanide recycling efficiency (>98%) and are expected to support an upcoming Preliminary Economic Assessment.

Reasoning: The announcement reports positive metallurgical test results for silver and zinc at the Sierra Mojada project, specifically highlighting high cyanide recycling rates and peak silver recoveries.

Positive factors

  • positive metallurgy demonstrated
  • cyanide recycling efficiency >98%
  • peak silver recoveries of 89%

Negative factors

  • zinc recoveries are relatively low (40-50%)
  • silver recoveries average 73.2% which is moderate

Facts used in scoring: 2

Atlas analysis — Silver Bull Resources: PI Financial Corp Updates Coverage and Buy Recommendation on Silver Bull Resources - Video Posted on InvestmentPitch.com. 73.2% recovery; 45% recovery

Classification and evidence

Mill Routeneutral

Processing via mill or concentrator (CIL, CIP, tank leach, flotation).

Why it applies: The use of cyanide and SART process implies a mill/concentrator route.

Evidence · text

“cyanide concentrations”

Extracted facts

Stored fact records: 2. Some facts used in scoring do not have a stored record.

Metallurgical Results (2)

Fact 1silverRecovery: 73.2 %View all details
Link to this fact

Identity

Commodity
silver
Ticker
SVB

Test Work

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 reported at 73.2% with peaks at 89%.

Positive factors

  • peak values achieving approximately 89%

Negative factors

  • average recovery of 73.2% is moderate

Evidence · text

“Overall silver recoveries averaged 73.2% with peak values achieving approximately 89%”
Fact 2zincRecovery: 45 %View all details
Link to this fact

Identity

Commodity
zinc
Ticker
SVB

Test Work

Sample
samples where the silver had already been precipitated out of the solution (SART process)

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 via SART process.

Positive factors

  • SART process allows >98% cyanide recycling

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.