Mining companies have been in the focus of investors for quite a while and one of the companies to have seen its stock perform particularly well in 2021 is Solitario Zinc Corp (NYSE: XPL).
The Solitario stock has been on an impressive run over the past week and soared by as much as 20% during the period. The latest rally has taken its gains for the year to as much as 80%. One of the reasons behind the latest rally in the stock might be traced back to development from back on February 23.
The company reported that there has been a considerable rise in mineral resources at its Florida Canyon zinc property in Peru. The property in question is meant for producing high-grade zinc and the announcement has come as a major boost for Solitario. The company’s joint venture partner Nexa Resources SA had done the resource estimate and Solitario verified the findings through an independent consultant.
Finance and Entertainment Reporter
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