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An announcement from Polymetals Resources Ltd. ( (AU:POL) ) is now available.
Polymetals Resources Ltd has secured additional working capital facilities to support its operations following an incident at the Endeavor Mine. Ocean Partners has offered a US$10 million bridging facility, and the company’s chairman has provided a A$5 million interest-free loan. The Endeavor Mine has resumed production with continuous shift operations, and investigations into the recent incident are ongoing. The company’s efforts to maintain operations and support its stakeholders underscore its commitment to long-term profitability in the mining sector.
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 specializes in the cost-efficient development and production of high-grade silver and zinc assets. Its flagship operation, the Endeavor Mine, is situated in the Cobar Basin of New South Wales, a renowned polymetallic province in Australia.
Average Trading Volume: 1,089,905
Technical Sentiment Signal: Buy
Current Market Cap: A$247.7M
See more data about POL stock on TipRanks’ Stock Analysis page.