Why BUY?
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Summary
1.
Sentiment has improved as LRS has been de-risked via tangible steps toward construction (contractor/power/long-lead items), shifting focus to remaining permits and schedule. Some caution remains tied to Mexico jurisdiction risk and the need for final environmental approvals.
2.
Moving into the execution phase is a clear de-risking milestone that increases the probability LRS progresses from planning to actual build. With a strong cash balance and ongoing cash generation, financing risk remains low, supporting higher conviction in an 'Add' stance even as permitting remains the key trigger.
3.
Bull case: - **Fullfinansierad** kassa efter nyligen genomförd kapitalresning på ca 125-144 miljoner CAD.
- Starkt momentum i silverpriset gynnar kassaflödet från Parral-projektet direkt.
- Höga förväntningar på det slutgiltiga **miljötillståndet (MIA)** för Los Ricos South.
Latest news
Since 2026-03-12, no new company press releases with project/financial impact have been identified. On 2026-03-16 the company published its 2024 ESTMA report (regulatory disclosure). The share price has continued to drift lower in the short term (roughly -10–12% over the period per market data) without a new fundamental catalyst; the key remaining trigger is still final environmental permits for Los Ricos South.