The Globe and Mail reports in its Tuesday, Sept. 22, edition that Ventum Capital Markets analyst Taylor Combaluzier commenced coverage on Bunker Hill Mining with a "buy" recommendation and a $10.25 share target. The Globe's David Leeder writes in the Eye On Equities column that analysts on average target the shares at $13. Mr. Combaluzier says in a note: "Bunker Hill is commissioning its newly built 1,800 short tpd mill at its 100-per-cent-owned mine in Idaho's Silver Valley. A successful ramp-up would establish the company as a new U.S. producer, substantially reduce the remaining execution risk, and support a rerating as production and cash flow build through 2027. Beyond the initial restart, exploration at Bunker Hill and the adjacent Ranger-Page property supports a larger, longer-lived operation, while the proposed Silver47 merger would reposition the company as a multi-asset U.S. silver platform with near-term production and a district-scale growth pipeline."
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