Prime Mining Corp. Announces Successful AGM and Future Plans for Los Reyes Project

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

Prime Mining Corp. announced the successful election of all nominated directors and the approval of all matters at its 2025 Annual General Meeting. The company is targeting the completion of a Preliminary Economic Assessment for its Los Reyes project by Q3 2025, with plans for extensive exploration and resource expansion. Despite a temporary pause in drilling due to security concerns, Prime Mining remains committed to its exploration goals and continues to work closely with local authorities to resume operations.

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 focused on the exploration and development of the Los Reyes gold-silver project located in Sinaloa State, Mexico. The company is dedicated to advancing this project through extensive drilling and technical work, aiming to deliver a high return, high margin, low capital, and long-life project.

Average Trading Volume: 337,252

Technical Sentiment Signal: Buy

Current Market Cap: C$283.6M

See more insights into PRYM stock on TipRanks’ Stock Analysis page.