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Silver Elephant Mining Corp [TSX:ELEF]

https://silverelef.com/

Silver Elephant is a mining company with growing silver production from its 100% owned Pulacayo-Paca mining project in Bolivia. Silver Elephant's Paca open-pit project has been in production since October 2023 at a mining rate of between 50 to 100 tonnes per day.

Pulacayo-Paca has 107 million indicated ounces of silver with lead and zinc credits*. The project had received over $40 million in investment, including over 100,000 meters of drilling. Silver Elephant has approximately 31 million shares outstanding.

April 2024: ELEF is good value based on its Price-To-Book Ratio (0.5x) compared to the peer average (1.3x) but is considered a speculative pick, currently operating without profit.

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