Prime Mining Advances Los Reyes Project with Strong Q1 Results

Prime Mining ( (TSE:PRYM) ) has shared an update.

Prime Mining Corp. reported its Q1 2025 financial and operating results, highlighting significant progress in its Los Reyes Project. The company is preparing for a Preliminary Economic Assessment by enhancing geological data and planning a 40,000-meter drill program. The project received positive attention at major mining conferences, and Prime ended the quarter with $18 million in cash, supporting its 2025 drilling campaign. The exploration efforts have resulted in new high-grade vein discoveries and extended targets, strengthening Prime’s position in the mining sector.

The most recent analyst rating on (TSE:PRYM) stock is a Buy with a C$4.50 price target. To see the full list of analyst forecasts on Prime Mining stock, see the TSE:PRYM Stock Forecast page.

Spark’s Take on TSE:PRYM Stock

According to Spark, TipRanks’ AI Analyst, TSE:PRYM is a Neutral.

Prime Mining’s overall stock score reflects substantial financial challenges, with consistent losses and no revenue. However, positive corporate events, such as resource expansion and strategic drilling plans, provide potential growth opportunities. The technical analysis suggests neutral momentum, while the valuation highlights risks due to negative earnings and lack of dividends.

To see Spark’s full report on TSE:PRYM stock, click here.

More about Prime Mining

Prime Mining Corp. is a company engaged in the exploration and development of its high-grade Los Reyes Gold-Silver Project located in Sinaloa State, Mexico. The company focuses on advancing its mining projects and is positioned in the gold and silver mining industry.

Average Trading Volume: 233,209

Technical Sentiment Signal: Sell

Current Market Cap: C$224.3M

See more data about PRYM stock on TipRanks’ Stock Analysis page.