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Polymetals Resources Ltd. ( (AU:POL) ) just unveiled an announcement.
Polymetals Resources Ltd is advancing the restart of its Endeavor silver zinc mine, with first production expected in the first half of 2025. The company has successfully raised $33.75 million through a placement and share purchase plan, ensuring a robust financial position to support its operations and exploration activities. The appointment of Jess Oram as Executive Director of Exploration is set to drive growth in the Cobar Basin region. The workforce has expanded to over 120 full-time personnel, with plans to increase to approximately 200 to support continuous operations. This strategic progress positions Polymetals as a significant player in the silver and zinc production industry in Australia.
More about Polymetals Resources Ltd.
Polymetals Resources Ltd is a company in the mining industry, focusing on the production of precious and base metals, specifically silver and zinc. The company is progressing towards becoming a long-term producer with operations centered around its five approved and permitted mining leases.
YTD Price Performance: 10.0%
Average Trading Volume: 366,277
Technical Sentiment Signal: Sell
Current Market Cap: A$212.9M
Learn more about POL stock on TipRanks’ Stock Analysis page.