Report

Bayhorse Silver Inc. (TSXV: BHS / OTCQB: BHSIF / FSE: 7KXN) - Near-Term Silver Production with Potential for Other Critical Minerals in the U.S. - Resuming Coverage

After a six-year hiatus, we are resuming coverage on BHS, which owns the past-producing Bayhorse silver mine in Oregon and the Pegasus copper-silver project in Idaho, with the former providing a key development advantage given that historic mines are typically easier to advance than greenfield sites. The Bayhorse project hosts an independently verified (NI 43-101 compliant) inferred resource of 6.3Moz silver at an exceptionally high average grade of 673 g/t—well above the sub-200 g/t grades common across most silver operations—supporting the potential for lower production costs and stronger output. In addition to its high-grade silver resource, the project also shows prospectivity for antimony, zinc, and copper, which could provide meaningful upside beyond the current resource base.
Underlying
Bayhorse Silver Inc.

Provider
Fundamental Research
Fundamental Research

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Analysts
Sid Rajeev

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