Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Polymetals Resources Ltd. ( (AU:POL) ) has shared an update.
Polymetals Resources Ltd reported a tragic incident at its Endeavor Silver Zinc Mine, resulting in the deaths of two employees and injuries to another. The company has suspended all operations and is collaborating with authorities to investigate the cause of the incident, which occurred during shot firing preparations. Polymetals plans to resume operations in stages, starting with exploration drilling and concentrate transport, while providing ongoing support and counseling to its team. The incident underscores the company’s commitment to safety and its impact on the mining community.
The most recent analyst rating on (AU:POL) stock is a Hold with a A$1.00 price target. To see the full list of analyst forecasts on Polymetals Resources Ltd. stock, see the AU:POL Stock Forecast page.
More about Polymetals Resources Ltd.
Polymetals Resources Ltd is an Australian mining company that focuses on the cost-efficient development and production of high-grade silver and zinc assets. Their flagship operation, the Endeavor Mine, is located in the Cobar Basin of New South Wales, a region known for its rich polymetallic resources. Polymetals aims to build a long-term, profitable business in precious and base metals through disciplined project development and operational efficiency.
Average Trading Volume: 863,001
Technical Sentiment Signal: Buy
Current Market Cap: A$333.4M
Find detailed analytics on POL stock on TipRanks’ Stock Analysis page.