Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Trigon Metals Inc ( (TSE:TM) ) has shared an announcement.
Trigon Metals has closed the sale of its interest in the Kombat Mine and related Namibian assets to Kamino Minerals Limited and its affiliate Horizon Corporation Limited, transferring full operational control of the mine to the buyer. The transaction, completed under a previously signed share purchase agreement, will deliver total cash consideration of US$24 million payable in eight instalments from April 2026, plus a contingent production payment of between US$3.5 million and US$13 million tied to future underground copper production, and a royalty interest on the project. By monetizing Kombat, Trigon significantly strengthens its balance sheet and secures funding for an aggressive exploration program at its Addana copper project in Morocco, marking a strategic pivot in its asset base and future growth focus, subject to final approval by the TSX Venture Exchange.
The most recent analyst rating on (TSE:TM) stock is a Buy with a C$1.50 price target. To see the full list of analyst forecasts on Trigon Metals Inc stock, see the TSE:TM Stock Forecast page.
Spark’s Take on TSE:TM Stock
According to Spark, TipRanks’ AI Analyst, TSE:TM is a Underperform.
Trigon Metals Inc faces significant financial instability, with negative profitability and high leverage, impacting its overall stock score. Technical analysis indicates a bearish trend, while the valuation suffers due to a negative P/E ratio and no dividend yield. Although corporate events suggest potential strategic shifts providing financial flexibility, operational challenges pose risks. The overall score reflects these significant challenges, suggesting caution for potential investors.
To see Spark’s full report on TSE:TM stock, click here.
More about Trigon Metals Inc
Trigon Metals Inc. is a Toronto-based mining company focused on copper exploration and development, with assets historically including the Kombat Mine in Namibia and, more recently, the Addana copper project in Morocco, which it has designated as its new flagship asset. The company targets high-potential copper projects in Africa, aiming to advance them through exploration and development to capitalize on global demand for the metal.
Average Trading Volume: 53,184
Technical Sentiment Signal: Sell
Current Market Cap: C$13.69M
For detailed information about TM stock, go to TipRanks’ Stock Analysis page.