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Silver Mines Limited (ASX:SVL)

ALERT: Price-sensitive ASX Announcement for SVL
Current share price for SVL : $0.160 0.025 (18.52%)+
Announcement
Release
31 Jul 2026 8:42AM
Price at Release
$0.135
Full Release
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Summary
Silver Mines Limited's quarterly activities and cash flow report for the quarter ending 30 June 2026 highlights various financial activities and investments. The company reported $296,000 in cash receipts, with significant expenditures on staff and administrative costs, alongside investments in exploration and evaluation activities, particularly at the Bowdens Silver Project. The project is affirmed to be economically robust with substantial silver reserves. Additionally, the company holds interests in mineral claims in California. Despite these efforts, the overall cash flow indicates an outflow due to operational and investment expenses.
Key Points
  • Silver Mines Limited reported its quarterly activities and Appendix 5B Cash Flow for the quarter ended 30 June 2026.
  • The company made cash receipts of $296,000 from customers during the quarter.
  • Payments included $262,000 for staff costs and $564,000 for administration and corporate costs.
  • Interest income amounted to $293,000 while interest and finance costs had no outflows.
  • Investments included $5.006 million towards exploration and evaluation, and $148,000 on land and buildings.
  • The company's exploration efforts are focused on the Bowdens Silver Project in New South Wales.
  • The Bowdens Definitive Feasibility Study confirms robust economics with estimated reserves of 93.5 million ounces of silver.
  • Silver Mines Limited is actively engaged in mineral exploration with potential project sites in California.
  • The consolidated statement shows an overall cash outflow from operations and investments.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.