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) delivers focused exploration of gold and silver resources in Mexico's mineral-rich regions. This news hub provides investors and industry observers with essential updates on drilling progress, resource evaluations, and strategic developments.
Access timely reports covering operational milestones including new drilling campaigns, technical study results, and resource expansion initiatives. Our curated collection features verified updates on exploration methodologies, geotechnical assessments, and compliance with mining regulations.
Key content categories include quarterly operational summaries, drilling result analyses, mineral resource updates, and strategic partnership announcements. Each update maintains rigorous standards for technical accuracy and regulatory compliance.
Bookmark this page for direct access to Prime Mining's latest developments. Regularly updated information supports informed monitoring of the company's progress in advancing its high-grade mineral targets through systematic exploration programs.
Prime Mining Corp. reported expansion drilling results from its Los Reyes Project in Sinaloa State, Mexico. These results, from 2024 drilling at the Z-T Trend, are not included in the May 2023 Mineral Resource Estimate. Highlights include 6.93 gpt gold-equivalent over 2.0m in hole 24TA-117, and 1.51 gpt gold-equivalent over 14.2m in hole 24TA-119. The drilling program aims to expand the high-grade Z-T Trend and validate mineralization continuity at depth. The company has completed about 28,000m of its 40,000m 2024 drill program. Four drill rigs are currently active, focusing on extending high-grade shoots, expanding known mineralization, and generative target drilling. The results suggest potential pit expansion and high-margin underground resource development.
Prime Mining Corp. (TSX: PRYM, OTCQX: PRMNF, Frankfurt: 04V3) held its Annual General and Special Meeting on June 19, 2024. Shareholders approved all matters and elected all listed directors.
The company focuses on the Los Reyes Gold-Silver Project in Sinaloa, Mexico. Notable achievements include a cash balance of C$28 million as of March 31, 2024, and significant high-grade gold and silver discoveries.
Voting results: 68.955% of common shares represented. Key approvals: setting the number of directors to eight, appointing Davidson & Company LLP as auditors, amending articles, adopting a majority voting policy, and approving a new omnibus incentive plan.
For 2024, Prime Mining is advancing its drilling program, targeting high-grade extensions and new resource developments.
Prime Mining Corp. has announced significant expansion drilling results from its Los Reyes Project in Sinaloa, Mexico. Notable findings include 6.9 gpt gold-equivalent over 3.5 meters and 54.41 gpt gold-equivalent over 0.7 meters in the Guadalupe East area. These results indicate high-grade silver and gold mineralization, extending the resource potential beyond the 2023 estimates. The drilling program, which has completed 24,000 of the targeted 40,000 meters for 2024, continues to show promise with mineralization remaining open in multiple directions. The company plans to focus future drilling on high-grade zones and generative targets to further enhance resource potential.
Prime Mining (TSV: PRYM, OTCQX: PRMNF) announced its Q1 2024 results, highlighting progress at its Los Reyes Gold-Silver Project in Mexico. Key developments include a successful CEO transition from Daniel Kunz to Scott Hicks, expansion drill results from Guadalupe East and Las Primas, and a planned 40,000m drill program for 2024. The company intercepted high grades at multiple sites, including record highs at Guadalupe East with 17.95 gpt AuEq over 31.25m. Financially, Prime reported a loss of $6.45M for Q1 2024, slightly higher than the $5.99M loss in Q1 2023, with cash reserves standing at $27.9M. The company also emphasized its commitment to sustainability and community engagement.
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