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Prime Mining Reports 2024 Results and Expands Los Reyes Project

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Prime Mining Reports 2024 Results and Expands Los Reyes Project

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

Prime Mining Corp. reported significant progress in 2024, expanding its Los Reyes Gold-Silver Project with a 49% increase in indicated resources and an 11% increase in inferred resources. Despite a temporary suspension of drilling due to security concerns, the company remains financially strong with $19 million in cash and is poised to continue its exploration efforts in 2025, aiming for a Preliminary Economic Assessment and further community engagement.

More about Prime Mining

Prime Mining Corp. is a company focused on the exploration and development of its high-grade Los Reyes Gold-Silver Project located in Sinaloa State, Mexico. The company operates in the mining industry, with a primary focus on gold and silver resources, and is committed to advancing its projects while engaging with local communities and adhering to environmental stewardship.

YTD Price Performance: -6.44%

Average Trading Volume: 19,211

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $140.8M

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

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