Welcome to our dedicated page for PRIME MINING news (Ticker: PRMNF), a resource for investors and traders seeking the latest updates and insights on PRIME MINING stock.
PRIME MINING CORP (PRMNF) is a mining company focused on exploration and development projects in Mexico. The company's core business involves identifying and developing high-grade gold deposits with significant growth potential. With multiple active drill rigs at the Los Reyes site, PRIME MINING CORP aims to expand its mineral resources and advance its exploration activities to maximize shareholder value. PRIME MINING CORP is committed to maintaining the highest standards of safety, environmental stewardship, and community engagement in all its operations.
Rhea-AI Summary
Prime Mining Corp. reports expansion drilling results at the Los Reyes Project in Mexico, showcasing high-grade gold and silver mineralization at Tahonitas. The Company's CEO highlights the potential for resource growth and exceptional grades. The Z-T Area remains open for further drilling, with significant mineralization at depth and along trend.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.07%
Tags
-
Rhea-AI Summary
Prime Mining Corp. reports its 2023 operating and financial results, focusing on the Los Reyes Gold-Silver Project in Mexico. The company highlights high-grade drilling results, corporate developments, and legal victories. Financially, Prime shows a loss of $24.4 million for 2023 but ends the year with $33.8 million in cash.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.5%
Tags
-
Rhea-AI Summary
Prime Mining Corp. reported significant mineralization expansion at its Los Reyes Gold-Silver Project in Mexico. The company doubled its gold-equivalent resource ounces in 2023, completed nearly 60,000 meters of drilling, and ended the year with strong financials. Key highlights include high-grade mineralization expansion at Z-T, Guadalupe Trend, and Central Trend, along with successful generative drilling at Las Primas, Mariposa, and Fresnillo.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.11%
Tags
Rhea-AI Summary
Prime Mining Corp. has reported expansion drilling results from the Los Reyes Project in Mexico, showing high-grade mineralization at the Z-T Area, including gold-equivalent grades of 3.59 gpt over 6.6m, 2.09 gpt over 11.6m, and 3.74 gpt over 5.7m, among others. The Company aims to extend high-grade shoots open at depth and along strike in 2024, targeting 40,000 metres in its drill program.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.34%
Tags
-
Rhea-AI Summary
Prime Mining Corp. plans to undertake a 40,000-metre exploration drilling program and further technical investigation of its high-grade Los Reyes Gold-Silver Project in Sinaloa State, Mexico. The company aims to target a late-2024 resource increase and continue to engage with local communities through educational and community programming. The 2024 exploration drilling will focus on extending high-grade areas, expanding known mineralization, and generative target drilling.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
-
Rhea-AI Summary
Prime Mining Corp. has announced the granting of 991,626 incentive stock options, 455,846 restricted share units, and 661,202 deferred share units in accordance with the long-term incentive plan. The options are exercisable at $1.83 per share and will vest over a three-year period. The RSUs and DSUs were granted to the management and board of directors, respectively, with vesting and settlement details provided.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
Rhea-AI Summary
Prime Mining Corp. announces the retirement of CEO Daniel Kunz, effective February 1, 2024, and the appointment of Scott Hicks as the new CEO and Director. The seamless leadership transition completes a succession plan developed by the Board of Directors. Hicks brings over 20 years of industry experience and has been actively engaging with the investment community. Kunz will remain a Strategic Advisor and member of the Board. The company has achieved significant milestones, including graduation to the main board of the Toronto Stock Exchange and an updated Mineral Resource Estimate for the Los Reyes Project.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.36%
Tags
-
Rhea-AI Summary
Prime Mining Corp. (TSX: PRYM) (OTCQX: PRMNF) (Frankfurt: 04V3) reports expansion and generative drill results from its 2023 program at Los Reyes Project, Mexico, including high-grade mineralized structures at Las Primas and Guadalupe East.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
10.1%
Tags
-
Rhea-AI Summary
Prime Mining Corp. (PRYM) reports expansion drill results from its ongoing 60,000m 2023 drill program at the Los Reyes Project in Sinaloa State, Mexico. The results extend the high-grade gold-equivalent shell approximately 250m southeast along strike from the Noche Buena pit bottom, as well as intersecting new steeply dipping mineralization between the Noche Buena and San Miguel East pit areas. The Company is reporting 10 core holes at the Noche Buena target and 3 core holes at the San Miguel East target.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
Rhea-AI Summary
Prime Mining Corp. (PRYM) has commenced trading on the Toronto Stock Exchange under the ticker symbol 'PRYM' after graduating and delisting from the TSX Venture Exchange.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.23%
Tags
FAQ
What is the current stock price of PRIME MINING (PRMNF)?
The current stock price of PRIME MINING (PRMNF) is $1.31 as of October 15, 2024.
What is the market cap of PRIME MINING (PRMNF)?
The market cap of PRIME MINING (PRMNF) is approximately 208.0M.
What is PRIME MINING CORP's main focus?
PRIME MINING CORP is primarily focused on exploration and development projects in Mexico with a special emphasis on high-grade gold deposits.
How many active drill rigs does PRIME MINING CORP currently have?
PRIME MINING CORP has four active drill rigs at the Los Reyes site as of the latest update.
What is PRIME MINING CORP's commitment to sustainability?
PRIME MINING CORP is committed to maintaining the highest standards of safety, environmental stewardship, and community engagement in all its operations.
What are the key goals of PRIME MINING CORP's exploration activities?
PRIME MINING CORP aims to expand its mineral resources, advance exploration activities, and maximize shareholder value through the identification and development of high-grade gold deposits.
Where can I find more information about PRIME MINING CORP's exploration projects?
For more information about PRIME MINING CORP's exploration projects, visit the company's official website or refer to the latest news updates on stock market platforms.
What sets PRIME MINING CORP apart from other mining companies?
PRIME MINING CORP stands out for its focus on high-grade gold deposits, commitment to sustainability, and dedication to maximizing shareholder value through strategic exploration and development projects.
What regions does PRIME MINING CORP operate in?
PRIME MINING CORP operates primarily in Mexico, where it conducts exploration and development activities to identify and develop high-quality mineral resources.
How does PRIME MINING CORP ensure community engagement in its operations?
PRIME MINING CORP maintains strong community engagement practices by fostering open communication, respecting local traditions, and implementing sustainable development initiatives in the areas where it operates.
What are the core values of PRIME MINING CORP?
PRIME MINING CORP values safety, environmental stewardship, community engagement, and excellence in all its operations.
What is the long-term vision of PRIME MINING CORP?
PRIME MINING CORP aims to become a leading player in the mining industry by identifying and developing high-grade gold deposits, maintaining sustainable operations, and delivering value to its shareholders and stakeholders.
PRIME MINING CORP
OTC:PRMNF
PRMNF Rankings
PRMNF Stock Data
207.98M
113.00M
22%
27.25%
Other Industrial Metals & Mining
Basic Materials
United States of America
Vancouver