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Polymetals Resources Ltd. ( (AU:POL) ) just unveiled an update.
Polymetals Resources Ltd has announced that its Endeavor silver zinc mine has achieved a significant milestone by meeting its operating costs from cash flow in its first full month of production. The company has produced 5,398 dry metric tonnes of silver-lead and zinc concentrates in July and secured a prepayment of A$11.60 million from its offtake partner. With operations now self-sustaining, Polymetals is focusing on optimizing mining and milling performance to establish a consistent, long-term profitable enterprise. The commencement of mining high-grade silver ore from the Upper North Lode is expected to significantly boost cash flows, enhancing the company’s operational and financial position.
The most recent analyst rating on (AU:POL) stock is a Buy with a A$1.30 price target. To see the full list of analyst forecasts on Polymetals Resources Ltd. stock, see the AU:POL Stock Forecast page.
More about Polymetals Resources Ltd.
Polymetals Resources Ltd (ASX: POL) is a mining company focused on developing the high-grade Endeavor silver zinc mine located in the Cobar Basin, New South Wales, Australia. The company aims to become a long-term, profitable producer of base and precious metals and holds a strong exploration portfolio with potential for discovering copper, gold, silver, and zinc orebodies.
Average Trading Volume: 467,117
Technical Sentiment Signal: Hold
Current Market Cap: A$192.8M
See more insights into POL stock on TipRanks’ Stock Analysis page.