Prime Mining Corp. Appoints Ausenco for Los Reyes Project PEA

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

Prime Mining Corp. has appointed Ausenco Engineering Canada ULC to lead the Preliminary Economic Assessment (PEA) for its Los Reyes gold-silver project, with completion targeted for Q3 2025. The PEA will incorporate extensive technical work and exploration activities conducted since 2019. The company plans to continue exploration to expand resources and improve project parameters, while engaging with local communities and enhancing infrastructure. This strategic move is expected to strengthen Prime’s position in the mining industry and potentially increase stakeholder value.

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. The company is primarily engaged in advancing its Los Reyes gold-silver project located in Sinaloa State, Mexico, aiming to establish a high return, high margin, low capital, and long-life mining operation.

Average Trading Volume: 212,437

Technical Sentiment Signal: Sell

Current Market Cap: C$213.8M

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