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Tertiary Minerals ( (GB:TYM) ) has shared an announcement.
Tertiary Minerals PLC announced promising results from its Phase 2 drill program at the Mushima North Project in Zambia, revealing extended thick, near-surface silver mineralization at Target A1. The results indicate a 225-meter extension of mineralization to the north, with high-grade silver and copper intercepts, supporting the potential for a bulk tonnage, open-pit silver exploration model. The findings are expected to enhance the company’s industry positioning and offer significant implications for stakeholders, as further analytical results and metallurgical studies are anticipated.
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, focusing on the exploration and development of mineral resources. The company’s primary products include silver, copper, and zinc, with a significant market focus on the Mushima North Project in Zambia, a region known for its rich mineral deposits.
Average Trading Volume: 35,840,624
Technical Sentiment Signal: Sell
Current Market Cap: £1.71M
For a thorough assessment of TYM stock, go to TipRanks’ Stock Analysis page.