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Prime Mining ( (TSE:PRYM) ) just unveiled an announcement.
Prime Mining Corp. has received approval from the Mexican antitrust authority, COFECE, for its plan of arrangement with Torex Gold Resources Inc., which involves Torex acquiring all issued and outstanding shares of Prime. This regulatory clearance is a significant step towards completing the transaction, expected to finalize by the week of October 20, 2025. Post-transaction, Prime’s shares will be delisted from major stock exchanges, and the company plans to cease being a reporting issuer under Canadian securities laws.
The most recent analyst rating on (TSE:PRYM) stock is a Hold with a C$3.31 price target. To see the full list of analyst forecasts on Prime Mining stock, see the TSE:PRYM Stock Forecast page.
Spark’s Take on TSE:PRYM Stock
According to Spark, TipRanks’ AI Analyst, TSE:PRYM is a Neutral.
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.
To see Spark’s full report on TSE:PRYM stock, click here.
More about Prime Mining
Prime Mining Corp. is a company managed by a team of successful mining executives, capital markets personnel, and experienced local operators. The company is focused on unlocking the full potential of the Los Reyes Project and has a well-planned capital structure with strong management and insider ownership.
Average Trading Volume: 529,075
Technical Sentiment Signal: Buy
Current Market Cap: C$623.5M
For detailed information about PRYM stock, go to TipRanks’ Stock Analysis page.