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Polymetals Resources Ltd. ( (AU:POL) ) just unveiled an update.
Polymetals Resources reported that the March 2026 quarter marked a pivotal stabilisation of mining and processing at its Endeavor operation, highlighted by the start of mining of near-surface, high-grade ore from the Upper North Lode and commencement of direct shipping ore sales. The company produced 547,302 ounces of silver, 1,064 ounces of gold, 1,917 tonnes of zinc and 1,148 tonnes of lead, advanced near-mine drilling and regional geophysics, and ended the quarter with $60.9 million in cash, receivables and net payable inventory, positioning the operation for dual revenue streams and a more sustainable future.
The quarter saw 18,384 dry metric tonnes of high-grade Upper North Lode ore mined, with an initial 5,500-tonne parcel of direct shipping ore prepared for April shipment, providing better silver returns while monetising gold not recovered in conventional concentrate. While Main Lode mining focused on establishing access to higher-grade stopes amid mill maintenance, milling is set to resume alongside shipping of direct shipping ore, and ongoing exploration plus resource-to-reserve conversion are aimed at extending mine life and reinforcing operational reliability and financial discipline.
The most recent analyst rating on (AU:POL) stock is a Buy with a A$1.75 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 silver producer listed on the ASX under the code POL. The company operates the Endeavor mine, focusing on silver, gold, zinc and lead production, and is developing multiple revenue streams from concentrate production and high-grade direct shipping ore to strengthen its position in the precious and base metals market.
Average Trading Volume: 1,597,517
Technical Sentiment Signal: Sell
Current Market Cap: A$224.5M
For a thorough assessment of POL stock, go to TipRanks’ Stock Analysis page.