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Prime Mining ( (TSE:PRYM) ) has shared an update.
Prime Mining Corp. announced that the Supreme Court of British Columbia has approved its arrangement with Torex Gold Resources Inc., under which Torex will acquire all outstanding shares of Prime. The arrangement is expected to close in Q4 2025, subject to necessary approvals, and will result in Prime’s shares being delisted from major stock exchanges, impacting its reporting status 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 focused on unlocking the full potential of the Los Reyes Project, managed by a team of successful mining executives, capital markets personnel, and experienced local operators. The company has a well-planned capital structure and strong management team with insider ownership.
Average Trading Volume: 512,575
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$591.6M
See more insights into PRYM stock on TipRanks’ Stock Analysis page.