Prime Mining Appoints Ausenco for Los Reyes PEA, Targets Q3 2025 Completion

Prime Mining ( (TSE:PRYM) ) has issued an announcement.

Prime Mining Corp. has appointed Ausenco Engineering Canada ULC to lead a Preliminary Economic Assessment (PEA) for its Los Reyes project, aiming for completion by Q3 2025. The PEA will focus on delivering a high return, low capital project, incorporating extensive technical work and drilling data. Despite a temporary pause in drilling due to security concerns, Prime plans to resume operations and continue exploration to expand resources. The company also emphasizes community engagement and infrastructure development in the Los Reyes area.

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. operates in the mining industry, focusing on the exploration and development of gold and silver projects. Its primary project is the Los Reyes gold-silver project located in Sinaloa State, Mexico.

Average Trading Volume: 214,527

Technical Sentiment Signal: Sell

Current Market Cap: C$216.5M

For a thorough assessment of PRYM stock, go to TipRanks’ Stock Analysis page.