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Panoro Minerals ( (TSE:PML) ) has issued an update.
Panoro Minerals Ltd. has canceled its C$10 million LIFE Offering due to unfavorable market conditions and is exploring alternative financing options. The company is confident in its ability to secure funding through advanced discussions on the sale of non-core assets and expects to benefit from higher current gold and copper prices in its updated preliminary economic assessment, which will enhance the value of its Cotabambas Project.
Spark’s Take on TSE:PML Stock
According to Spark, TipRanks’ AI Analyst, TSE:PML is a Neutral.
Panoro Minerals’ overall score is primarily impacted by its weak financial performance, with persistent losses and operational inefficiencies. Despite positive technical indicators suggesting short-term momentum, the valuation remains unattractive due to negative earnings and lack of dividends. These factors combine to place the stock in a lower score range.
To see Spark’s full report on TSE:PML stock, click here.
More about Panoro Minerals
Panoro Minerals Ltd. is a company engaged in the exploration and development of mineral properties, focusing primarily on copper, gold, and silver projects. The company is working on advancing its Cotabambas Copper-Gold-Silver project and is involved in project optimization studies to define the scope for a prefeasibility study.
Average Trading Volume: 43,638
Technical Sentiment Signal: Buy
Current Market Cap: C$127.1M
Find detailed analytics on PML stock on TipRanks’ Stock Analysis page.