Prime Mining (PRYM) AI Stock Analysis

• Market Cap: $215.30M
• Dividend Yield: N/A
• Average Volume (3M): 232.30K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.48
• Revenue Growth: N/A
• EPS Growth: 19.08%
• Country: CA
• Employees: 75
• Sector: Basic Materials
• Sector Strength: 60
• Industry: Industrial Materials
• EPS (TTM): -0.04
• Shares Outstanding: 149,517,150
• 10 Day Avg. Volume: 135,236
• 30 Day Avg. Volume: 232,296
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• Price to Cash Flow (P/CF): -14.10
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: $4.77
• Price Target Upside: 201.92% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 0

Prime Mining faces financial challenges with no revenue and consistent losses, impacting its financial performance score. While technical indicators show neutral sentiment, the valuation remains unattractive due to negative earnings. However, positive corporate events, such as resource expansion, could improve future prospects, although they currently do not offset the significant financial concerns.

Prime Mining Business Overview & Revenue Model

Company Description

Prime Mining Corp (PRYM) is a Canadian-based company engaged in the exploration and development of mineral resource properties. The company primarily focuses on the acquisition and advancement of gold and silver mining projects in Mexico, with its flagship project being the Los Reyes Gold and Silver Project located in the mining-friendly jurisdiction of Sinaloa. Prime Mining aims to leverage modern exploration techniques and strategic partnerships to unlock the full potential of its assets and deliver significant value to shareholders.

How the Company Makes Money

Prime Mining generates revenue through the exploration, development, and eventual production of gold and silver from its mining projects. The company's primary revenue stream is expected to come from the sale of these precious metals once the Los Reyes project reaches the production phase. Additionally, Prime Mining may engage in strategic partnerships or joint ventures with other mining companies to share exploration costs and risks, thereby securing additional funding and resources. The company's earnings are also influenced by fluctuations in global commodity prices for gold and silver, which directly impact the potential revenue from their mining operations.

Prime Mining Financial Statement Overview

Summary

Prime Mining's financial statements reveal significant challenges with no revenue generation and persistent net losses. The low debt level is positive, but the reliance on equity financing and negative operating cash flow are major concerns for financial stability and growth.

Income Statement

Prime Mining has reported zero revenue consistently, which is a significant concern. The company is facing substantial net losses, with no income to offset costs. This situation indicates critical profitability issues and a high-risk financial position for investors.

Balance Sheet

Prime Mining maintains a low level of debt, which is a positive aspect, with a high equity ratio indicating that the company is primarily financed by equity. However, the consistent losses and declining equity over recent periods suggest potential sustainability issues in the long term.

Cash Flow

The company's cash flow indicates ongoing operational challenges, with negative operating and free cash flows consistently reported. While financing activities have provided some liquidity, the lack of positive cash flow from operations raises concerns about future cash sustainability.

Breakdown
Dec 2023	Dec 2022	Dec 2021	Jun 2021	Jun 2020
Income Statement		Total Revenue
0.00	0.00	0.00	0.00	0.00
	Gross Profit
-171.11K	-176.24K	-231.27K	-106.77K	-89.68K
	EBIT
-26.04M	-27.55M	-22.07M	-11.07M	-6.46M
	EBITDA
-24.20M	-27.18M	-21.21M	-10.81M	-11.07M
	Net Income Common Stockholders
-24.39M	-27.37M	-21.45M	-10.70M	-11.79M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
33.81M	23.81M	27.41M	32.03M	128.60K
	Total Assets
47.91M	38.11M	41.79M	44.79M	0.00
	Total Debt
126.43K	162.28K	200.56K	63.98K	0.00
	Net Debt
-33.68M	-23.65M	-27.21M	-31.96M	-128.60K
	Total Liabilities
3.30M	2.09M	2.47M	1.81M	0.00
	Stockholders Equity
44.61M	36.01M	39.31M	42.98M	0.00
Cash Flow		Free Cash Flow
-21.86M	-23.59M	-9.45M	-6.58M	-4.19M
	Operating Cash Flow
-21.80M	-23.31M	-9.02M	-6.53M	-4.10M
	Investing Cash Flow
1.60M	-101.23K	-1.65M	-3.45M	-4.06M
	Financing Cash Flow
30.20M	19.81M	6.06M	40.99M	9.17M

Prime Mining Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1.58
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:PRYM, the sentiment is Positive. The current price of 1.58 is above the 20-day moving average (MA) of 1.44, above the 50-day MA of 1.48, and below the 200-day MA of 1.64, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 54.38 is Neutral, neither overbought nor oversold. The STOCH value of 62.54 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:PRYM.

Prime Mining Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
FVI	76 Outperform	$2.58B	14.78	9.74%	―	28.18%	―
MAG	55 Neutral	$2.22B	20.78	14.17%	―	―	61.66%
EDR	52 Neutral	$1.32B	―	-7.23%	―	6.18%	-515.57%
Sector *	49 Neutral	$1.95B	-1.59	-21.99%	3.77%	0.61%	-27.45%
GSVR	41 Neutral	C$85.00M	―	-183.31%	―	13.54%	42.14%
PRYM	30 Underperform	$215.30M	―	-57.67%	―	―	19.08%

Prime Mining Corporate Events

Prime Mining Reports 2024 Results and Expands Los Reyes Project

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.

Prime Mining Extends High-Grade Mineralization at Los Reyes Project

Prime Mining Corp. has announced promising generative drilling results from the Los Reyes Project in Mexico, particularly at the Fresnillo target. The drilling results extend high-grade mineralization by 120 meters, offering both underground and open pit mining opportunities. This expansion is poised to increase future resource estimates for the area, enhancing the company’s potential growth and positioning in the mining sector.

Prime Mining Unveils 2025 Drilling Plans for Los Reyes Project Amid Temporary Suspension

Prime Mining Corp. has announced its 2025 exploration and drilling plans for the Los Reyes gold-silver project, despite a temporary suspension due to security concerns in Sinaloa. The company plans to conduct a 40,000-meter drill program targeting resource expansion and new discoveries while continuing technical de-risking efforts. Prime is confident the suspension will not impact its overall plans and has secured sufficient funding for its operations.

Prime Mining Unveils Promising Expansion Drilling Results at Los Reyes Project

Prime Mining Corp. has announced significant expansion drilling results from the Central Trend at their Los Reyes Project, which are not included in their previous Mineral Resource Estimate. The results have defined a new high-grade shoot at Noche Buena, demonstrating strong gold and silver grades. This discovery suggests potential for underground expansion, with mineralization remaining open at depth and along strike, indicating opportunities for significant resource extension.