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.
Prime Mining Corp. has announced additional drill results from its high-grade Los Reyes gold-silver project in Mexico, further delineating the mineralization in the Z-T area. Key highlights include significant gold and silver intercepts, such as 2.36 gpt gold and 177.8 gpt silver over 20.5 meters. The drilling has expanded the known strike length and identified new high-grade chutes, enhancing resource expansion potential. To date, 70,590 meters have been drilled in Phase 2, with further results pending from 93 holes.
Prime Mining Corp. has announced significant Phase 2 drill results at the Los Reyes gold-silver project in Sinaloa, Mexico, reporting findings from 42 drill holes in the Guadalupe corridor. Key highlights include intercepts of up to 16.10 grams per tonne gold and 391.0 grams per tonne silver over 0.9 meters, reflecting a strong potential for mineralization expansion. The company plans to complete 72,000 meters of drilling by October and aims to release an updated mineral resource estimate in early 2023. Current drilling has expanded the defined mineralized zones significantly.
Prime Mining Corp. has appointed Scott Hicks as Executive Vice President, overseeing marketing, communications, and business development. Hicks brings over 20 years of mining experience and previously served at Kinross Gold Corporation. CEO Daniel Kunz emphasized Hicks' immediate contributions to the Los Reyes gold-silver project in Mexico, which has historic recoveries of 1 million ounces of gold and 60 million ounces of silver. To incentivize Hicks, the company is granting 400,000 RSUs and 875,000 stock options, subject to exchange approval.
Prime Mining Corp. reported its financial results for the three-month period ending June 30, 2022. The company recorded a loss of $7.06 million, representing a loss per share of $0.06. Cash reserves decreased to $14.44 million from $27.41 million at the end of 2021. Despite the rainy season, drilling at the Los Reyes project continues with 63,000 meters completed in Phase 2, totaling 88,500 meters in Phases 1 and 2. New drill results indicate significant mineralization extensions beyond the historic resource.
Prime Mining Corp. announced new assay results from its Phase 2 drilling program at the Los Reyes project, which holds substantial gold and silver resources in Sinaloa, Mexico. The recent drilling at San Miguel East revealed promising intercepts, including 2.72 gpt gold and 129.8 gpt silver over 18.0 meters. To date, 83,235 meters of drilling have been conducted, with 57,585 meters completed in this phase. The results indicate potential resource expansion, with ongoing drilling expected to continue until the end of October.
Prime Mining Corp. has announced progress in its expanded Phase 2 drilling program at the Los Reyes project in Sinaloa, Mexico, now targeting 70,000 metres. Recent assays from Tahonitas show high-grade intercepts, including up to 6.08 gpt Au and 103.5 gpt Ag over 3.4 m. To date, the company has drilled 81,000 metres, with 310 holes completed, of which 216 results have been released. The drilling is expected to continue until October, as the company identifies additional mineralization and plans to connect existing resources.
Prime Mining Corp. has successfully upgraded to the OTCQX Best Market from the OTCQB Venture Market, effective June 8, 2022, trading under the symbol PRMNF. This upgrade is significant as it positions the company to enhance its visibility and liquidity among U.S. investors. CEO Daniel Kunz highlighted that this move is expected to strengthen investor confidence through improved disclosure requirements. Prime Mining focuses on the high-grade Los Reyes Gold-Silver Project in Mexico, supported by a strong team and capital structure.
Prime Mining Corp. (OTCQB: PRMNF) released additional Phase 2 drill results from 12 drill holes at the Guadalupe East deposit, part of the Los Reyes project. Notable intercepts include 61.99 gpt gold and 977.6 gpt silver over 3.6 metres in drill hole 22GE-53. The company's ongoing drilling, now over 49,350 metres, aims to expand resources as they report high-grade mineralization results. CEO Daniel Kunz mentioned the potential for considerable resource expansion, highlighting that ongoing drilling has defined a vein group length of over 420 metres.
Prime Mining Corp. (OTCQB: PRMNF) published its operational and financial results for the first quarter of 2022, reporting a loss of $8,038,370 compared to $3,324,739 in Q1 2021. Despite this, the company is advancing its Los Reyes Gold-Silver Project in Mexico, with 9 drill rigs currently operational and approximately 35,000 metres drilled in Phase 2 of exploration. Prime expects to release a new resource report in early 2023 and continues to manage health protocols effectively amidst COVID-19.
Prime Mining Corp. (PRMNF) reports new drilling results from the Los Reyes gold-silver project in Mexico, expanding the Zapote North deposit. The 17 drill holes confirm gold-silver mineralization continuity between Zapote North and Mariposa, with significant intercepts including 4.81 gpt gold and 17.2 gpt silver over 2.4 meters. The company has completed 255 drill holes totaling 64,070 meters in its exploration campaign. CEO Daniel Kunz highlights the potential for connecting mineralization and expanding resources, as further drilling continues to assess the project's extensive unexplored areas.
FAQ
What is the current stock price of Prime Mining (PRMNF)?
What is the market cap of Prime Mining (PRMNF)?
What is PRIME MINING CORP's main focus?
How many active drill rigs does PRIME MINING CORP currently have?
What is PRIME MINING CORP's commitment to sustainability?
What are the key goals of PRIME MINING CORP's exploration activities?
Where can I find more information about PRIME MINING CORP's exploration projects?
What sets PRIME MINING CORP apart from other mining companies?
What regions does PRIME MINING CORP operate in?
How does PRIME MINING CORP ensure community engagement in its operations?
What are the core values of PRIME MINING CORP?
What is the long-term vision of PRIME MINING CORP?
