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Analyst Actions: Scorpio Mining Corp Has Buy Rating Initiated at Clarus Securities

Scorpio Mining Corp. (SPM.TO), a silver-lead-zinc-copper producer in Mexico, has "huge expansion potential and plenty of exploration sizzle," Clarus Securities Inc. analyst Mike Bandrowski reportedly said. "With over 20 years of Canadian underground mining experience, newly appointed CEO and president Parviz Farsangi is focused on an aggressive expansion plan that could see Scorpio nearly quadrupling its silver equivalent production within the next 24 to 36 months," he reportedly said.

Bandrowski initiated coverage with a Buy recommendation and $3.50 price target.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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