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Tertiary Minerals ( (GB:TYM) ) just unveiled an update.
Tertiary Minerals has completed its Phase 2 drill program at the Mushima North Project in Zambia, revealing extended mineralization of silver, copper, and zinc. Preliminary results indicate significant mineralization extending 350 meters north and 300 meters wide, with the potential for further discoveries at depth. These findings could enhance Tertiary’s position in the mining sector, particularly in the Zambian region, and may have implications for stakeholders as the company awaits certified laboratory results to confirm these promising preliminary findings.
Spark’s Take on GB:TYM Stock
According to Spark, TipRanks’ AI Analyst, GB:TYM is a Neutral.
The overall stock score of 53 reflects a company in a challenging financial situation with consistent losses and negative cash flows. However, its strong equity position and promising exploration projects in Zambia and Nevada offer potential upside. The technical indicators suggest neutral momentum, but valuation concerns persist due to negative earnings.
To see Spark’s full report on GB:TYM stock, click here.
More about Tertiary Minerals
Tertiary Minerals plc is a company operating in the mining industry, focused on the exploration and development of mineral resources. Its primary products include silver, copper, and zinc, with a significant market focus on the Iron-Oxide-Copper-Gold region of Zambia.
Average Trading Volume: 31,378,024
Technical Sentiment Signal: Sell
Current Market Cap: £1.79M
See more insights into TYM stock on TipRanks’ Stock Analysis page.