The Globe and Mail reports in its Thursday, Sept. 18, edition that National Bank Financial analyst Alex Terentiew is keeping his "outperform" call on Highlander Silver intact. The Globe's David Leeder writes in the Eye On Equities column that Mr. Terentiew gave his share target a 50-cent boost to $4. Analysts on average target the shares at $3.80. Mr. Terentiew reports that Highland Silver's latest drill results from the Bonita target at the San Luis gold-silver project in Peru reveal new mineralization and enhance his confidence in the company's forecast. Mr. Terentiew says in a note: "As drilling continues to define new zones of mineralization at Bonita, confirming our expectations for resource growth, we have adjusted our forecasts to reflect Highlander operating on a completely standalone basis, rather than pursuing a toll milling scenario. A toll milling scenario, we think is the ideal option (fastest, lowest risk and lowest cost) if the project remains small. But given the upside potential, we now think a standalone mining and processing scenario is more likely. We have therefore added incremental capital costs to our estimates, but also added ore processing costs, while removing the toll costs."
© 2025 Canjex Publishing Ltd. All rights reserved.