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An update from Almaden Minerals ( (TSE:AMM) ) is now available.
On July 11, 2025, Almaden Minerals Ltd. completed the sale of its Rock Creek Mill assets to Metals Exploration PLC for a total of $9.7 million. This transaction allows Almaden to proceed with the early repayment of its outstanding gold loan to Almadex Minerals Ltd., utilizing the proceeds to settle the loan balance with physical gold delivery, thereby potentially strengthening its financial position and reducing debt obligations.
Spark’s Take on TSE:AMM Stock
According to Spark, TipRanks’ AI Analyst, TSE:AMM is a Neutral.
Almaden Minerals faces significant challenges, including financial instability due to lack of revenue and high leverage. Legal disputes with Mexico further cloud its prospects. However, technical indicators show some positive momentum in the short term. Valuation concerns persist with a negative P/E ratio and no dividends.
To see Spark’s full report on TSE:AMM stock, click here.
More about Almaden Minerals
Almaden Minerals Ltd. operates in the mining industry, focusing on the exploration and development of mineral properties. The company is primarily involved in the extraction and sale of precious metals, with a market focus on gold and silver resources.
Average Trading Volume: 74,959
Technical Sentiment Signal: Hold
Current Market Cap: C$34.31M
See more insights into AMM stock on TipRanks’ Stock Analysis page.