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Phoenix Copper ( (GB:PXC) ) has issued an announcement.
Phoenix Copper Limited has announced its unaudited interim results for the first half of 2025, highlighting a reduction in group losses and an increase in company profits compared to the previous year. The company has made significant progress in its Empire Mine project, with proven and probable mineral reserves and a pre-feasibility study indicating strong potential cash flows. The rise in metal prices, particularly copper, gold, and silver, has enhanced the project’s financial outlook, potentially adding substantial value. Phoenix Copper is in the process of securing additional funding to complete the Empire open-pit mine construction, with expectations of entering production soon.
More about Phoenix Copper
Phoenix Copper Limited is an emerging producer and exploration company focused on base and precious metals in the USA. The company is primarily involved in the mining industry, with significant investments in the Empire Mine in Idaho, USA, and holds interests in various mineral reserves including copper, gold, and silver.
Average Trading Volume: 1,453,673
Technical Sentiment Signal: Sell
Current Market Cap: £6.88M
For a thorough assessment of PXC stock, go to TipRanks’ Stock Analysis page.