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An announcement from Prime Mining ( (TSE:PRYM) ) is now available.
Prime Mining Corp. reported a productive second quarter of 2025, highlighted by the selection of Ausenco as the lead engineer for the Los Reyes Preliminary Economic Assessment and the exercise of 97% of its June warrants, boosting its treasury to $32.7 million. Additionally, Prime announced a proposed acquisition by Torex Gold in a share-based transaction, allowing shareholders to benefit from Torex’s free-cash flowing Morelos Complex and reduced financing risks, while maintaining involvement in the Los Reyes project.
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 high-grade gold and silver projects, specifically the Los Reyes Gold-Silver Project located in Sinaloa State, Mexico. The company operates within the mining industry and aims to advance its projects through strategic partnerships and financial growth.
Average Trading Volume: 514,113
Technical Sentiment Signal: Buy
Current Market Cap: C$405.7M
Learn more about PRYM stock on TipRanks’ Stock Analysis page.