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Prime Mining ( (TSE:PRYM) ) has provided an announcement.
Prime Mining Corp. announced that its securityholders have approved a plan of arrangement with Torex Gold Resources Inc., allowing Torex to acquire all issued and outstanding common shares of Prime. The approval was overwhelmingly supported by 99.991% of the votes cast by shareholders and other securityholders. The transaction is expected to close in the fourth quarter of 2025, pending regulatory approvals and customary closing conditions. This acquisition is likely to impact Prime’s operations by integrating with Torex, potentially enhancing its market positioning and offering benefits to stakeholders through combined resources and expertise.
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.
YTD Price Performance: 131.29%
Average Trading Volume: 514,109
Technical Sentiment Signal: Buy
Current Market Cap: C$569.8M
See more data about PRYM stock on TipRanks’ Stock Analysis page.