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Polymetals Resources Ltd. ( (AU:POL) ) has shared an update.
Polymetals Resources Ltd has successfully recommenced operations at its Endeavor silver zinc mine in Cobar, NSW, following a tragic accident. The company has resumed mining and milling operations, with silver-lead concentrate deliveries underway and plans for a second shipment in early December. Exploration activities have expanded with additional drilling shifts and rigs to enhance productivity and test new targets. The company is also managing its working capital and exploring additional credit facilities to support its operations.
The most recent analyst rating on (AU:POL) stock is a Hold with a A$1.00 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 is an Australian mining company that focuses on the development and production of high-grade silver and zinc assets. Their flagship operation, the Endeavor Mine, is situated in the Cobar Basin of New South Wales, a notable polymetallic region in Australia. The company emphasizes cost-efficient project development and operational efficiency to build a long-term, profitable business in precious and base metals.
Average Trading Volume: 1,051,796
Technical Sentiment Signal: Buy
Current Market Cap: A$275.8M
For an in-depth examination of POL stock, go to TipRanks’ Overview page.