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Phoenix Copper ( (GB:PXC) ) has provided an announcement.
Phoenix Copper has announced that Indigo Capital has partially converted its $2.1m convertible loan note, swapping $536,000 into nearly 27 million new shares, with most of these shares already earmarked for sale to a range of equity funds and family offices, increasing the company’s issued share capital to roughly 288 million shares. At the same time, the company highlighted the transformative effect of current higher copper, gold and silver prices on the economics of its Empire open-pit project, indicating that, if such prices were sustained, cumulative pre-tax net cash flow could rise to about $406m over 8.5 years, with the project’s pre-tax NPV and internal rate of return almost doubling relative to its 2024 model, while it continues protracted financing talks with a US bond investor that could be pivotal for advancing mine development.
The most recent analyst rating on (GB:PXC) stock is a Hold with a £3.00 price target. To see the full list of analyst forecasts on Phoenix Copper stock, see the GB:PXC Stock Forecast page.
Spark’s Take on GB:PXC Stock
According to Spark, TipRanks’ AI Analyst, GB:PXC is a Neutral.
The score is primarily held back by very weak financial performance (no revenue, widening losses, and accelerating cash burn), which increases funding/dilution risk despite a comparatively solid equity base. Technicals provide some offset with improving medium-term momentum, while valuation remains challenged due to losses (negative P/E) and no dividend support.
To see Spark’s full report on GB:PXC stock, click here.
More about Phoenix Copper
Phoenix Copper Limited is an emerging producer and exploration company focused on base and precious metals, primarily copper, gold and silver, from open-pit and historic underground mining operations in the United States. Its flagship asset is the Empire Mine in the Alder Creek mining district near Mackay, Idaho, where it holds an 80% ownership stake and has expanded the open-pit resource significantly since 2017, publishing its first mineral reserve statement in 2024. The company also controls additional past-producing mines and exploration projects in the district, including Red Star and Navarre Creek, as well as cobalt properties on the Idaho Cobalt Belt, and is listed on London’s AIM and trades on the OTCQX market in New York.
Average Trading Volume: 2,822,250
Technical Sentiment Signal: Sell
Current Market Cap: £7.7M
Find detailed analytics on PXC stock on TipRanks’ Stock Analysis page.