Prime Mining (PRYM) AI Stock Analysis

• Market Cap: C$288.19M
• Dividend Yield: N/A
• Average Volume (3M): 445.54K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.39
• Revenue Growth: N/A
• EPS Growth: 19.08%
• Country: CA
• Employees: 75
• Sector: Basic Materials
• Sector Strength: 63
• Industry: Industrial Materials
• EPS (TTM): -0.02
• Shares Outstanding: 152,478,990
• 10 Day Avg. Volume: 744,899
• 30 Day Avg. Volume: 445,538
• PEG Ratio: -0.39
• Price to Book (P/B): 5.97
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -9.11
• 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$4.76
• Price Target Upside: 151.90% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 48 Neutral
• Price Target: ―

Prime Mining's overall stock score reflects substantial financial challenges, with consistent losses and no revenue. However, positive corporate events, such as resource expansion and strategic drilling plans, provide potential growth opportunities. The technical analysis suggests neutral momentum, while the valuation highlights risks due to negative earnings and lack of dividends.

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 financials reveal significant challenges, with consistent net losses and zero revenue generation. The balance sheet shows low debt levels, which is positive, but declining equity and negative cash flow from operations highlight sustainability issues.

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 2024	Dec 2023	Dec 2022	Dec 2021	Jun 2021
Income Statement		Total Revenue
0.00	0.00	0.00	0.00	0.00
	Gross Profit
-153.44K	-171.11K	-176.24K	-231.27K	-106.77K
	EBIT
-21.86M	-26.04M	-27.55M	-22.07M	-11.07M
	EBITDA
-21.46M	-24.20M	-27.18M	-21.21M	-10.81M
	Net Income Common Stockholders
-21.62M	-24.39M	-27.37M	-21.45M	-10.70M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
19.06M	33.81M	23.81M	27.41M	32.03M
	Total Assets
33.18M	47.91M	38.11M	41.79M	44.79M
	Total Debt
86.32K	126.43K	162.28K	200.56K	63.98K
	Net Debt
-18.97M	-33.68M	-23.65M	-27.21M	-31.96M
	Total Liabilities
3.05M	3.30M	2.09M	2.47M	1.81M
	Stockholders Equity
30.13M	44.61M	36.01M	39.31M	42.98M
Cash Flow		Free Cash Flow
-20.15M	-21.86M	-23.59M	-9.45M	-6.58M
	Operating Cash Flow
-20.13M	-21.80M	-23.31M	-9.02M	-6.53M
	Investing Cash Flow
1.42M	1.60M	-101.23K	-1.65M	-3.45M
	Financing Cash Flow
3.95M	30.20M	19.81M	6.06M	40.99M

Prime Mining Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1.89
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• 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 1.89 is above the 20-day moving average (MA) of 1.71, above the 50-day MA of 1.54, and above the 200-day MA of 1.58, indicating a bullish trend. The MACD of 0.11 indicates Negative momentum. The RSI at 71.17 is Negative, neither overbought nor oversold. The STOCH value of 76.67 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	79 Outperform	$2.81B	12.56	12.07%	―	30.33%	―
EDR	61 Neutral	$1.86B	―	-14.41%	―	4.45%	-3193.40%
MAG	57 Neutral	$3.01B	23.52	16.27%	11.54%	―	61.66%
GSVR	56 Neutral	C$123.69M	―	-161.31%	―	22.42%	66.89%
Sector *	51 Neutral	$1.98B	-1.26	-21.11%	5.99%	2.92%	-30.46%
PRYM	48 Neutral	C$288.19M	―	-52.66%	―	―	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.