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Tertiary Minerals ( (GB:TYM) ) has issued an announcement.
Tertiary Minerals plc has announced significant drilling results from its Mushima North Project in Zambia, revealing the highest-grade silver and copper intersection to date at Target A1. The mineralization has been extended further north by approximately 100 meters, now covering an area 450 meters long and up to 400 meters wide, with potential for further expansion. These results support the company’s open-pit silver exploration model and highlight the potential for copper, enhancing the project’s significance for stakeholders.
Spark’s Take on GB:TYM Stock
According to Spark, TipRanks’ AI Analyst, GB:TYM is a Neutral.
The overall stock score of 53 reflects a company in a challenging financial situation with consistent losses and negative cash flows. However, its strong equity position and promising exploration projects in Zambia and Nevada offer potential upside. The technical indicators suggest neutral momentum, but valuation concerns persist due to negative earnings.
To see Spark’s full report on GB:TYM stock, click here.
More about Tertiary Minerals
Tertiary Minerals plc is a company operating in the mining industry, focusing on the exploration and development of mineral resources. The company is primarily involved in the extraction of silver, copper, and zinc, with a significant market focus on the Iron-Oxide-Copper-Gold region of Zambia.
Average Trading Volume: 56,261,134
Technical Sentiment Signal: Sell
Current Market Cap: £2.11M
For an in-depth examination of TYM stock, go to TipRanks’ Overview page.