Almaden Minerals Announces Early Gold Loan Repayment

Almaden Minerals ( (TSE:AMM) ) has issued an announcement.

On May 22, 2025, Almaden Minerals Ltd. announced the early repayment of a gold loan to Almadex Minerals Ltd. The loan, valued at USD$5,194,354, will be repaid through the delivery of gold bullion, following the final payment from the sale of Almaden’s Rock Creek mill to Metals Exploration PLC. This transaction is expected to be completed by August 31, 2025, and will result in Almaden having an estimated cash position of CAD$6.5 million. The repayment will also release the security interest held by Almadex on certain equipment related to the mill, potentially strengthening Almaden’s financial and operational standing.

Spark’s Take on TSE:AMM Stock

According to Spark, TipRanks’ AI Analyst, TSE:AMM is a Neutral.

Almaden Minerals faces significant challenges, including financial instability due to lack of revenue and high leverage. Legal disputes with Mexico further cloud its prospects. However, technical indicators show some positive momentum in the short term. Valuation concerns persist with a negative P/E ratio and no dividends.

To see Spark’s full report on TSE:AMM stock, click here.

More about Almaden Minerals

Almaden Minerals Ltd. operates in the mining industry, focusing on the exploration and development of mineral properties. The company is primarily engaged in the production and sale of gold and other precious metals, with a market focus on North America.

Average Trading Volume: 74,655

Technical Sentiment Signal: Buy

Current Market Cap: C$26.07M

See more insights into AMM stock on TipRanks’ Stock Analysis page.