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The latest announcement is out from Pasinex Resources ( (TSE:PSE) ).
Pasinex Resources has completed the transfer of all shares of Horzum A.Ş., giving its Turkish subsidiary Pasinex Arama full 100% ownership of the company that operates the high-grade Pinargözü zinc mine in Adana Province, Türkiye, and paving the way for a reconstituted board, updated governance and execution of its 2026 operational plan. The company reports ongoing operational progress at Pinargözü, including new infrastructure such as a material loading and sorting area, office upgrades and secured stock areas, steady production with roughly 340 tonnes of zinc sulphide now stockpiled at surface, evaluation of nearby processing facilities, and a health and safety program with no reported incidents, underscoring the mine’s readiness for expanded development and its importance to Pasinex’s growth strategy.
Spark’s Take on TSE:PSE Stock
According to Spark, TipRanks’ AI Analyst, TSE:PSE is a Underperform.
Pasinex Resources is under severe financial pressure with no revenue and high leverage, which are significant red flags. Strong technical indicators provide some short-term price momentum, but the negative valuation and financial performance outweigh these positive signals, resulting in a low overall score.
To see Spark’s full report on TSE:PSE stock, click here.
More about Pasinex Resources
Pasinex Resources Limited is a Toronto-based, zinc-focused mining company whose wholly owned subsidiary Horzum A.Ş. operates the producing high-grade Pinargözü zinc mine in Türkiye, selling output directly to zinc smelters and refiners via commodity brokers. The company also owns the Sarıkaya Group IV lead-zinc operating license in Türkiye, viewed as a near-term profitability and discovery opportunity, and holds a 51% interest in the high-grade Gunman zinc exploration project in Nevada, all managed by an experienced team focused on high-grade extraction with strong safety, health and environmental standards.
Average Trading Volume: 62,025
Technical Sentiment Signal: Buy
Current Market Cap: C$17.41M
See more data about PSE stock on TipRanks’ Stock Analysis page.