Prime Mining (PRYM) AI Stock Analysis

• Market Cap: C$186.90M
• Dividend Yield: N/A
• Average Volume (3M): 245.97K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.42
• Revenue Growth: N/A
• EPS Growth: 19.08%
• Country: CA
• Employees: 75
• Sector: Basic Materials
• Sector Strength: 59
• Industry: Industrial Materials
• EPS (TTM): -0.15
• Shares Outstanding: 149,517,150
• 10 Day Avg. Volume: 328,592
• 30 Day Avg. Volume: 245,965
• 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: C$4.75
• Price Target Upside: 280.16% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

Prime Mining is struggling with significant financial challenges, including lack of profitability and negative cash flow. Technical analysis points to a bearish trend, while valuation metrics reflect unprofitability. Despite positive corporate developments, the financial instability and technical weakness dominate the score.

Prime Mining Business Overview & Revenue Model

Company Description

Prime Mining (PRYM) is a mining company focused on the exploration, development, and production of precious metals, primarily gold and silver. The company operates within the natural resources sector, leveraging advanced technology and sustainable practices to maximize the value of its mining projects. Prime Mining's core operations are centered around its flagship mining properties, where it aims to increase resource estimation and enhance extraction efficiency.

How the Company Makes Money

Prime Mining generates revenue primarily through the sale of extracted gold and silver from its mining operations. The company explores and develops mineral-rich properties, extracting precious metals which are then sold in the global commodities market. Revenue streams include not only the direct sale of these metals but also potential royalties or joint ventures with other mining companies. Strategic partnerships with technology firms and equipment providers optimize production processes and reduce operational costs, further contributing to profitability.

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
TTM	Dec 2023	Dec 2022	Dec 2021	Jun 2021	Jun 2020
Income Statement		Total Revenue
0.00	0.00	0.00	0.00	0.00	0.00
	Gross Profit
-153.44K	-171.11K	-176.24K	-231.27K	-106.77K	-89.68K
	EBIT
-23.06M	-26.04M	-27.55M	-22.07M	-11.07M	-6.46M
	EBITDA
-21.46M	-24.20M	-27.18M	-21.21M	-10.81M	-11.07M
	Net Income Common Stockholders
-21.62M	-24.39M	-27.37M	-21.45M	-10.70M	-11.79M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
19.06M	33.81M	23.81M	27.41M	32.03M	128.60K
	Total Assets
33.18M	47.91M	38.11M	41.79M	44.79M	0.00
	Total Debt
86.32K	126.43K	162.28K	200.56K	63.98K	0.00
	Net Debt
-18.97M	-33.68M	-23.65M	-27.21M	-31.96M	-128.60K
	Total Liabilities
3.05M	3.30M	2.09M	2.47M	1.81M	0.00
	Stockholders Equity
30.13M	44.61M	36.01M	39.31M	42.98M	0.00
Cash Flow		Free Cash Flow
-20.15M	-21.86M	-23.59M	-9.45M	-6.58M	-4.19M
	Operating Cash Flow
-20.13M	-21.80M	-23.31M	-9.02M	-6.53M	-4.10M
	Investing Cash Flow
1.42M	1.60M	-101.23K	-1.65M	-3.45M	-4.06M
	Financing Cash Flow
3.95M	30.20M	19.81M	6.06M	40.99M	9.17M

Prime Mining Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1.25
• 50DMA: Negative
• 100DMA: Negative
• 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 Negative. The current price of 1.25 is below the 20-day moving average (MA) of 1.51, below the 50-day MA of 1.57, and below the 200-day MA of 1.67, indicating a bearish trend. The MACD of 0.01 indicates Negative momentum. The RSI at 51.56 is Neutral, neither overbought nor oversold. The STOCH value of 33.56 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:PRYM.

Prime Mining Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
FVI	80 Outperform	$2.62B	13.39	9.74%	―	28.18%	―
MAG	61 Neutral	$1.97B	18.47	14.17%	―	―	61.66%
EDR	58 Neutral	$1.17B	―	-7.23%	―	6.18%	-515.57%
Sector *	47 Neutral	$2.36B	-3.00	-21.73%	3.58%	3.97%	-28.71%
GSVR	41 Neutral	C$75.56M	―	-183.31%	―	13.54%	42.14%
PRYM	30 Underperform	C$186.90M	―	-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.

Prime Mining Unveils High-Grade Discovery at Los Reyes Project

Prime Mining Corp. has announced the discovery of new high-grade veins at the Tahonitas Footwall in the Z-T Trend, part of their Los Reyes Project. The expansion drilling results reveal significant gold-equivalent intercepts, demonstrating potential for resource growth beyond current estimates. This discovery highlights the potential for both open pit and underground extraction, underscoring the project’s expansion prospects.