Prime Mining Reports Q2 2025 Financial and Operating Results
Prime Mining (OTCQX:PRMNF) has reported its Q2 2025 financial and operating results, highlighting a transformative quarter marked by significant developments. The company closed Q2 with a strong cash position of $32.7 million, bolstered by a 97% warrant exercise completion.
A pivotal announcement came with Torex Gold's proposed acquisition of Prime Mining in a share-based transaction, where Prime shareholders will receive 0.060 Torex shares for each Prime share, representing approximately 10.7% ownership in Torex. The company had previously selected Ausenco to lead their Preliminary Economic Assessment (PEA) for the Los Reyes Gold-Silver Project, though this work is now paused pending the acquisition outcome.
Financial results show a reduced loss of $6.17 million for H1 2025, compared to $11.94 million in H1 2024. However, drilling operations at Los Reyes remain suspended since January 2025 due to security concerns in Sinaloa, Mexico.
Prime Mining (OTCQX:PRMNF) ha comunicato i risultati finanziari e operativi del secondo trimestre 2025, segnando un periodo di svolta caratterizzato da sviluppi rilevanti. La societ脿 ha chiuso il Q2 con una solida posizione di cassa di $32.7 million, rafforzata dall'esercizio dei warrant completato al 97%.
Annuncio cruciale: Torex Gold ha proposto l'acquisizione di Prime Mining tramite una transazione in azioni, in base alla quale gli azionisti di Prime riceveranno 0.060 azioni Torex per ogni azione Prime, corrispondenti a circa il 10,7% della propriet脿 di Torex. In precedenza la societ脿 aveva scelto Ausenco per condurre la Preliminary Economic Assessment (PEA) del progetto aurifero-argentifero Los Reyes; tale lavoro 猫 ora sospeso in attesa dell'esito dell'acquisizione.
I risultati finanziari mostrano una perdita ridotta a $6.17 million nel primo semestre 2025, rispetto a $11.94 million nel primo semestre 2024. Le perforazioni a Los Reyes restano tuttavia sospese dal gennaio 2025 per motivi di sicurezza nello stato di Sinaloa, in Messico.
Prime Mining (OTCQX:PRMNF) ha dado a conocer sus resultados financieros y operativos del 2T 2025, destacando un trimestre transformador con avances importantes. La compa帽铆a cerr贸 el 2T con una s贸lida posici贸n de efectivo de $32.7 million, impulsada por el ejercicio del 97% de las garant铆as (warrants).
Un anuncio clave fue que Torex Gold propuso la adquisici贸n de Prime Mining mediante una transacci贸n en acciones, en la que los accionistas de Prime recibir谩n 0.060 acciones de Torex por cada acci贸n de Prime, lo que representar铆a aproximadamente un 10.7% de participaci贸n en Torex. Previamente, la compa帽铆a hab铆a seleccionado a Ausenco para liderar la Preliminary Economic Assessment (PEA) del proyecto aur铆fero-argent铆fero Los Reyes; ese trabajo est谩 ahora en pausa a la espera del resultado de la adquisici贸n.
Los resultados muestran una p茅rdida reducida de $6.17 million en el primer semestre de 2025, frente a $11.94 million en el primer semestre de 2024. No obstante, las perforaciones en Los Reyes permanecen suspendidas desde enero de 2025 por problemas de seguridad en el estado de Sinaloa, M茅xico.
Prime Mining (OTCQX:PRMNF)電� 2025雲� 2攵勱赴 鞛 氚� 鞖挫榿 鞁れ爜鞚� 氚滍憸頃橂┌ 欷戩殧頃� 鞝勴櫂鞝愳潉 毵烄潃 攵勱赴鞛勳潉 臧曥“頄堨姷雼堧嫟. 須岇偓電� 鞗岆煱韸� 97% 頄夓偓 鞕勲搿� $32.7 million鞚� 瓴碃頃� 順勱笀 鞛旍暋鞙茧 2攵勱赴毳� 毵堦皭頄堨姷雼堧嫟.
欷戩殧 氚滍憸搿滊姅 Torex Gold臧� 欤检嫕 甑愴櫂 氚╈嫕鞙茧 Prime Mining鞚� 鞚胳垬頃橂姅 氚╈晥鞚� 鞝滌晥頄堧嫟電� 鞝愳澊 鞛堨姷雼堧嫟. 鞚挫棎 霐半澕 Prime 欤检＜霌れ潃 Prime 1欤茧嫻 0.060欤�鞚� Torex 欤检嫕鞚� 氚涥矊 霅橂┌ 鞚措姅 Torex 歆�攵勳潣 鞎� 10.7%鞐� 頃措嫻頃╇媹雼�. 須岇偓電� 鞚挫爠鞐� Los Reyes 旮埪缝潃 頂勲鞝濏姼鞚� Preliminary Economic Assessment(PEA)毳� 欤茧弰頃� 鞐呾泊搿� Ausenco毳� 靹犾爼頄堨溂雮�, 順勳灛 鞚� 鞛戩梾鞚� 鞚胳垬 瓴瓣臣毳� 旮半嫟毽┌ 欷戨嫧霅� 靸來儨鞛呺媹雼�.
鞛 鞁れ爜鞚� 2025雲� 靸侂皹旮� 靻愳嫟鞚� $6.17 million鞙茧 於曥唽霅橃棃鞙茧┌, 鞚措姅 2024雲� 靸侂皹旮办潣 $11.94 million瓿� 牍勱祼霅橂姅 靾橃箻鞛呺媹雼�. 雼る 氤挫晥 氍胳牅搿� 鞚疙暣 Los Reyes鞚� 鞁滌稊 鞛戩梾鞚� 2025雲� 1鞗旊秬韯� 欷戨嫧霅橃柎 鞛堨姷雼堧嫟(氅曥嫓旖� 鞁滊偁搿滌晞 欤�).
Prime Mining (OTCQX:PRMNF) a publi茅 ses r茅sultats financiers et op茅rationnels du 2T 2025, soulignant un trimestre transformateur marqu茅 par des d茅veloppements importants. La soci茅t茅 a cl么tur茅 le 2T avec une position de tr茅sorerie solide de $32.7 million, soutenue par l'exercice de 97% des bons de souscription (warrants).
Annonce cl茅 : Torex Gold a propos茅 l'acquisition de Prime Mining via une transaction en actions, o霉 les actionnaires de Prime recevraient 0.060 action Torex pour chaque action Prime, soit environ 10,7% du capital de Torex. La soci茅t茅 avait auparavant choisi Ausenco pour diriger la Preliminary Economic Assessment (PEA) du projet aurif猫re-argentif猫re Los Reyes ; ce travail est d茅sormais suspendu en attendant l'issue de l'acquisition.
Les r茅sultats financiers montrent une perte r茅duite de $6.17 million pour le premier semestre 2025, contre $11.94 million au premier semestre 2024. Cependant, les forages 脿 Los Reyes sont suspendus depuis janvier 2025 en raison de probl猫mes de s茅curit茅 dans l'脡tat de Sinaloa, au Mexique.
Prime Mining (OTCQX:PRMNF) hat seine Finanz- und Betriebsergebnisse f眉r Q2 2025 ver枚ffentlicht und einen pr盲genden Quartalsverlauf mit bedeutenden Entwicklungen hervorgehoben. Das Unternehmen schloss das zweite Quartal mit einer starken Kassenposition von $32.7 million ab, gest眉tzt durch die 97%ige Aus眉bung von Warrants.
Eine zentrale Mitteilung war, dass Torex Gold die 脺bernahme von Prime Mining als Aktientransaktion vorgeschlagen hat, wobei Prime-Aktion盲re 0.060 Torex-Aktien f眉r jede Prime-Aktie erhalten w眉rden, was rund 10,7% Beteiligung an Torex entspricht. Zuvor hatte das Unternehmen Ausenco mit der Leitung der Preliminary Economic Assessment (PEA) f眉r das Gold-Silber-Projekt Los Reyes beauftragt; diese Arbeiten sind nun bis zum Ausgang der 脺bernahme ausgesetzt.
Die Finanzzahlen zeigen einen verringerten Verlust von $6.17 million f眉r H1 2025 gegen眉ber $11.94 million im ersten Halbjahr 2024. Die Bohrarbeiten in Los Reyes sind jedoch seit Januar 2025 wegen Sicherheitsbedenken im Bundesstaat Sinaloa, Mexiko, eingestellt.
- Cash position strengthened to $32.7 million from $19.1 million at year-end 2024
- Net loss reduced by 48% year-over-year to $6.17 million
- 97% of warrants successfully exercised, improving treasury position
- Strategic acquisition by Torex Gold offers immediate premium and reduced development risk
- Drilling operations suspended since January 2025 due to security concerns in Sinaloa
- PEA work paused pending acquisition outcome
- Current liabilities of $782,055 reported
VANCOUVER, British Columbia, Aug. 11, 2025 (GLOBE NEWSWIRE) -- Prime Mining Corp. (鈥淧rime鈥� or the 鈥淐ompany鈥�) (TSX: PRYM) (OTCQX: PRMNF) (Frankfurt: O4V3) is pleased to report its operating and financial results for the quarter ended June 30, 2025. Prime is focused on the exploration and development of its wholly owned high-grade Los Reyes Gold-Silver Project in Sinaloa State, Mexico (鈥淟os Reyes鈥� or the 鈥淧roject鈥�).
Prime Chief Executive Officer Scott Hicks commented, 鈥淭he second quarter has been highly productive for Prime on multiple fronts. Following the selection in May of Ausenco as its lead engineer for the development of the Los Reyes Preliminary Economic Assessment, the Company announced the exercise of
Corporate Highlights During the Quarter
(Unless otherwise stated, all amounts are presented in Canadian dollars.)
- On May 12th, the Company released its 2024 Financial and Operating Results.
- On May 28th, the Company announced it had selected Ausenco Engineering Canada ULC (鈥淎usenco鈥�) to lead the study work for a Preliminary Economic Assessment (鈥淧EA鈥�) on Los Reyes.
- On June 17th, the Company announced that
97% of its$1.10 warrants due June 12, 2025 had been exercised. - On June 20th, the Company announced the voting results from its annual general meeting, wherein all the directors listed as nominees were elected and all matters presented were approved.
Project Highlights During the Quarter
Prime Announces Selection of Ausenco to Lead PEA Study Work (May 28, 2025)
- The Company selected Ausenco Engineering Canada ULC (鈥淎usenco鈥�) to lead the study work for a Preliminary Economic Assessment (鈥淧EA鈥�) on Los Reyes.
- Ausenco was chosen to lead the PEA based on its extensive experience with projects of similar scale in Mexico, including advancing Silvercrest鈥檚 Las Chispas Project from technical studies through construction, leading the delivery of Discovery Silver鈥檚 Cordero Project Feasibility Study and Vizsla Silver鈥檚 Panuco PEA and providing process design expertise for GoGold鈥檚 Los Ricos Project Feasibility Study.
Maintaining Health and Safety Protocols
Prime remains engaged with local stakeholders and is proactive in monitoring employees and contractors concerning general health conditions. The Company continues to closely adhere to the directives of all levels of government and relevant health authorities in Mexico and Canada.
Community Engagement and Environmental Stewardship Strategy
We continued to gather environmental and community data in the quarter in support of our ESG programs, including completion of a materiality assessment, strategic plan, and disclosure matrix. We strive to minimize the environmental footprint of our activities and ensure that Los Reyes has a positive impact on our host communities.
The Company released its inaugural sustainability report during April 2023, establishing a baseline and a new yardstick to measure our progress in meeting our commitments regarding sustainability and stewardship of the environment, relevant social issues, and corporate governance. The Company released latest report, the 2024 Sustainability Report, in June.
Subsequent Events
On July 28, 2025, Prime and Torex Gold Resources Inc. (鈥淭orex鈥�) announced that they have entered into a definitive agreement (the 鈥淎rrangement Agreement鈥�) whereby Torex will acquire all of the issued and outstanding common shares of Prime Mining (the 鈥淧rime Mining Shares鈥�) pursuant to a plan of arrangement (the 鈥淭ransaction鈥�).
Pursuant to the terms of the Arrangement Agreement, Prime Mining shareholders will receive 0.060 of a common share of Torex (each whole share, a 鈥淭orex Share鈥�) for each Prime Mining Share held (the 鈥淓xchange Ratio鈥� or the 鈥淐onsideration鈥�).
Upon completion of the Transaction, Torex will issue approximately 10.5 million Torex Shares to Prime Mining shareholders and existing Prime Mining shareholders will own approximately
Full details of the Transaction will be included in the meeting materials to be prepared by Prime Mining in connection with the special meeting of securityholders, which are expected to be mailed to such securityholders in September 2025. A special meeting of Prime Mining securityholders is expected to be held in September 2025. The Transaction does not require a vote of Torex shareholders.
Subject to the satisfaction of customary closing conditions, including the parties obtaining the requisite regulatory approvals, the Transaction is expected to close in H2 2025, subject to the timing of clearance under Mexican antitrust laws. Prime Mining Shares are expected to be delisted from the TSX promptly after closing of the Transaction.
Following the announcement of the Transaction, Prime has paused work on the PEA pending the outcome of the Transaction.
Selected Financial Data
The following selected financial data is summarized from the Company鈥檚 consolidated financial statements and related notes thereto (the 鈥淔inancial Statements鈥�) for the six months ended June 30, 2025 and 2024. A copy of the Financial Statements and MD&A is available at www.primeminingcorp.ca or on SEDAR at .
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| Loss per share 鈥� basic and diluted | ||||||
| 听 | June 30, 2025听 | December 31, 2024听 | ||
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2025 Outlook
Following the announcement of Torex Gold鈥檚 proposed acquisition of Prime on July 28, 2025, the Company commenced the process of preparing the related information circular, targeting distribution to our shareholders on September 5, 2025. The shareholder vote is planned for September 29, 2025. The Transaction does not require a vote of Torex shareholders.
In addition to securityholder and court approvals, the Transaction is subject to applicable regulatory approvals (including approvals of the TSX and clearance under Mexican antitrust laws) and the satisfaction of certain other closing conditions customary for a transaction of this nature.
On January 28, 2025, drilling was paused in response to a deterioration in the security situation in parts of Sinaloa, including the Los Reyes area. Six drill rigs remain on site and drill contractors are on standby to resume drilling as soon as security improves. The Company will continue to work with local authorities to monitor the current situation.
Following the announcement of the Transaction, Prime has paused work on the PEA pending the outcome of the Transaction.
About the Los Reyes Gold and Silver Project
Los Reyes is a high-grade, low-sulphidation epithermal gold-silver project located in Sinaloa State, Mexico. On October 15, 2024, Prime announced an updated multi-million-ounce high-grade open pit and underground resource based on exploration drilling up to July 17, 2024. Since acquiring Los Reyes in 2019, Prime has spent
On January 28, 2025, drilling was paused in response to a deterioration in the security situation in parts of Sinaloa, including the Los Reyes area. Drill rigs remain on site and drill contractors are on standby to resume drilling as soon as security improves. Prime will continue to work with local authorities to monitor the current situation.
| October 15, 2024 Resource Statement1,2 (based on a | ||||||
| 听 | ||||||
| Mining Method and Process | Class | Tonnage (kt) | Gold Grade (g/t) | Gold Contained (koz) | Silver Grade (g/t) | Silver Contained (koz) |
| Open Pit - Mill | Indicated | 24,657 | 1.13 | 899 | 35.7 | 28,261 |
| 听 | Inferred | 7,211 | 0.89 | 207 | 42.8 | 9,916 |
| Underground | Indicated | 4,132 | 3.02 | 402 | 152.4 | 20,243 |
| 听 | Inferred | 4,055 | 2.10 | 273 | 78.6 | 10,247 |
| Total Mill | Indicated | 28,789 | 1.41 | 1,301 | 52.4 | 48,504 |
| 听 | Inferred | 11,266 | 1.33 | 480 | 55.7 | 20,163 |
| Open Pit - Heap Leach | Indicated | 20,254 | 0.29 | 190 | 8.4 | 5,492 |
| 听 | Inferred | 5,944 | 0.30 | 58 | 7.3 | 1,398 |
| Total | Indicated | 49,042 | 0.95 | 1,491 | 34.2 | 53,995 |
| 听 | Inferred | 17,210 | 0.97 | 538 | 39.0 | 21,561 |
- Open Pit Resource estimates are based on economically constrained open pits generated using the Hochbaum Pseudoflow algorithm in Datamine鈥檚 Studio NPVS and the following optimization parameters (all dollar values are in US dollars):
$1,950 /ounce gold price and$25.24 /ounce silver price.- Mill recoveries of
95.6% and81% for gold and silver, respectively. - Heap leach recoveries of
73% and25% for gold and silver, respectively. - Pit slopes by area ranging from 42-47 degrees overall slope angle.
5% ore loss and5% dilution factor applied to the 5 x 5 x 5m open pit resource block models.- Mining costs of
$2.00 per tonne of waste mined and$2.50 per tonne of ore mined.听听 - Milling costs of
$16.81 per tonne processed. - Heap Leach costs of
$5.53 per tonne processed. - G&A cost of
$2.00 per tonne of material processed. 3% royalty costs and1% selling costs were also applied.- A 0.17 g/t gold only cutoff was applied to ex-pit processed material (which is above the heap-leaching NSR cutoff).
- Underground Resource estimates are based on economically constrained stopes generated using Datamine鈥檚 Mineable Shape Optimizer (MSO) algorithm and the following optimization parameters (all dollar values are in US dollars):
$1,950 /ounce gold price and$25.24 /ounce silver price.- Mill recoveries of
95.6% and81% for gold and silver, respectively. - Mechanized cut and fill mining with a
$60.00 per tonne cost. - Diluted to a minimum 4m stope width with a
98% mining recovery. - G&A cost of
$4.00 per tonne of material processed. - Milling costs of
$16.81 per tonne processed. 3% royalty costs and1% selling costs were also applied.
- Where mentioned, 鈥渞esidual open pits鈥� assumes that any underground stopes are backfilled with zero grade material at two-thirds of the original rock density. Economic-constrained open pits are then estimated with this mined-out, backfilled material in the open pit block selective mining unit (鈥淪MU鈥�) model and assuming the resource parameters above.
- Mineral Resources are not Mineral Reserves (as that term is defined in the CIM Definition Standards) and do not have demonstrated economic viability.
- Refer to the Additional Notes section for further information.
Drilling and geological interpretation suggests that the three known main deposit areas (Guadalupe, Central and Z-T) are larger than previously reported. Potential also exists for new discoveries where mineralized trends have been identified outside of the currently defined resource areas. Historic operating results indicate that an estimated 1 million ounces of gold and 60 million ounces of silver were recovered from five separate operations at Los Reyes between 1770 and 1990. Prior to Prime鈥檚 acquisition, recent operators of Los Reyes had spent approximately US
QA/QC Protocols and Sampling Procedures
Drill core at the Los Reyes project is drilled in predominantly HQ size (63.5 millimetres 鈥渕m鈥�), reducing to NQ (47.6 mm) when required. Drill core samples are generally 1.50 m long along the core axis with allowance for shorter or longer intervals if required to suit geological constraints. After logging intervals are identified to be sampled, the core is cut and one half is submitted for assay.
Sample QA/QC measures include unmarked certified reference materials, blanks, and field duplicates as well as preparation duplicates are inserted into the sample sequence and make up approximately
Samples are picked up from the Project by the laboratory personnel and transported to their facilities in Durango or Hermosillo, Mexico, for sample preparation. Sample analysis is carried out by Bureau Veritas and ALS Labs, with fire assay, including over limits fire assay re-analysis, completed at their respective Hermosillo, Mexico laboratories and multi-element analysis completed in Vancouver, Canada. Drill core sample preparation includes fine crushing of the sample to at least
Gold in diamond drill core is analyzed by fire assay and atomic absorption spectroscopy of a 30 g sample (code FA430 or Au-AA23). Multi-element chemistry is analyzed by 4-Acid digestion of a 0.25-gram sample split (code MA300 or ME-ICP61) with detection by an inductively coupled plasma emission spectrometer for a full suite of elements.
Gold assay techniques FA430 and Au-AA23 have an upper detection limit of 10 g/t. Any sample that produces an over-limit gold value via the initial assay technique is sent for gravimetric finish via method FA-530 or Au-GRA21. Silver analyses by MA300 and ME-ICP61 have an upper limit of 200 g/t and 100 g/t, respectively. Samples with over-limit silver values are re-analyzed by fire assay with gravimetric finish FA530 or Au-GRA21.
Both Bureau Veritas and ALS Labs are ISO/IEC accredited assay laboratories.
Additional Notes
Prime鈥檚 MRE as of October 15, 2024 is classified in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum (鈥�CIM鈥�) 鈥淐IM Definition Standards - For Mineral Resources and Mineral Reserves鈥� adopted by the CIM Council (as amended, the 鈥�CIM Definition Standards鈥�) and in accordance with the requirements of NI 43-101. Mineral resources are not mineral reserves and do not have demonstrated economic viability.
Metres is represented by 鈥渕鈥�; 鈥渆tw鈥� is Estimated听True Width and is based on drill hole geometry or comparisons with other on-section drill holes; 鈥淎u鈥� refers to gold, and 鈥淎g鈥� refers to silver; 鈥済/t鈥� is grams per metric tonne; some figures may not sum due to rounding; Composite assay grades presented in summary tables are calculated using a Au grade minimum average of 0.20 g/t or 1.0 g/t as indicated in 鈥淎u Cut-off鈥� column of Summary Tables. Maximum internal waste included in any reported composite interval is 3.00 m. The 1.00 g/t Au cut-off is used to define higher-grade 鈥渃ores鈥� within the lower-grade halo.
Additional details are available in the associated Technical Report with effective date of October 15, 2024, filed on November 27, 2024 with amended filing on June 27, 2025.听听
Qualified Person
Scott Smith, P.Geo., Executive Vice President of Exploration, is a Qualified Person for the purposes of NI 43-101 and has reviewed and approved the technical content in this news release.
About Prime Mining
Prime is managed by an ideal mix of successful mining executives, strong capital markets personnel and experienced local operators all focused on unlocking the full potential of the Project. The Company has a well-planned capital structure with a strong management team and insider ownership. Prime is targeting a material resource expansion at Los Reyes through a combination of new generative area discoveries and growth, while also building on technical de-risking activities to support eventual project development.
For further information, please visit or direct enquiries to:
Scott Hicks
CEO & Director
Indi Gopinathan
VP Capital Markets & Business Development
Prime Mining Corp.
710 鈥� 1030 West Georgia St.
Vancouver, BC V6E 2Y3 Canada
+1(604) 238-1659
[email protected]
Cautionary Notes to U.S. Investors Concerning Resource Estimates
This news release has been prepared in accordance with the requirements of the securities laws in effect in Canada, which differ from the requirements of the U.S. securities laws. In particular, and without limiting the generality of the foregoing, the terms 鈥渕ineral reserve鈥�, 鈥減roven mineral reserve鈥�, 鈥減robable mineral reserve鈥�, 鈥渋nferred mineral resources,鈥� 鈥渋ndicated mineral resources,鈥� 鈥渕easured mineral resources鈥� and 鈥渕ineral resources鈥� used or referenced in this presentation are Canadian mineral disclosure terms as defined in accordance with NI 43-101 under the guidelines set out in the CIM Standards. The CIM Standards differ from the mineral property disclosure requirements of the U.S. Securities and Exchange Commission (the 鈥�SEC鈥�) in Regulation S-K Subpart 1300 (the 鈥�SEC Modernization Rules鈥�) under the U.S. Securities Act of 1933, as amended (the 鈥�Securities Act鈥�). As a foreign private issuer that is eligible to file reports with the SEC pursuant to the multijurisdictional disclosure system, the Company is not required to provide disclosure on its mineral properties under the SEC Modernization Rules and will continue to provide disclosure under NI 43-101 and the CIM Standards. Accordingly, the Company鈥檚 disclosure of mineralization and other technical information may differ significantly from the information that would be disclosed had the Company prepared the information under the standards adopted under the SEC Modernization Rules.
Forward Looking Information
This news release contains certain 鈥渇orward-looking information鈥� and 鈥渇orward-looking statements鈥� within the meaning of Canadian securities legislation as may be amended from time to time, including, without limitation, statements regarding the perceived merit of the Company鈥檚 properties, including additional exploration potential of Los Reyes, potential quantity and/or grade of minerals, the potential size of the mineralized zone, metallurgical recoveries, and the Company鈥檚 exploration and development plans in Mexico. Forward-looking statements are statements that are not historical facts which address events, results, outcomes, or developments that the Company expects to occur. Forward-looking statements are based on the beliefs, estimates and opinions of the Company鈥檚 management on the date the statements are made, and they involve several risks and uncertainties. Certain material assumptions regarding such forward-looking statements were made, including without limitation, assumptions regarding the price of gold, silver and copper; the accuracy of mineral resource estimations; that there will be no material adverse change affecting the Company or its properties; that all required approvals will be obtained, including concession renewals and permitting; that political and legal developments will be consistent with current expectations; that currency and exchange rates will be consistent with current levels; and that there will be no significant disruptions affecting the Company or its properties. Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements involve significant known and unknown risks and uncertainties, which could cause actual results to differ materially from those anticipated. These risks include, but are not limited to: risks related to uncertainties inherent in the preparation of mineral resource estimates, including but not limited to changes to the cost assumptions, variations in quantity of mineralized material, grade or recovery rates, changes to geotechnical or hydrogeological considerations, failure of plant, equipment or processes, changes to availability of power or the power rates, ability to maintain social license, changes to interest or tax rates, changes in project parameters, delays and costs inherent to consulting and accommodating rights of local communities, environmental risks, title risks, including concession renewal, commodity price and exchange rate fluctuations, risks relating to COVID-19 and other future pandemics, delays in or failure to receive access agreements, on-going receipt of amended and/or operating permits, risks inherent in the estimation of mineral resources; and risks associated with executing the Company鈥檚 objectives and strategies, including costs and expenses, physical access to the property, security risks, availability of contractors and skilled labour, as well as those risk factors discussed in the Company's most recently filed management's discussion and analysis, as well as its annual information form dated March 28, 2025, available on www.sedarplus.ca. Except as required by the securities disclosure laws and regulations applicable to the Company, the Company undertakes no obligation to update these forward-looking statements if management鈥檚 beliefs, estimates or opinions, or other factors, should change.
FAQ
What are the terms of Torex Gold's acquisition of Prime Mining (PRMNF)?
What is Prime Mining's (PRMNF) current cash position in Q2 2025?
Why did Prime Mining (PRMNF) suspend drilling operations at Los Reyes?
What is the status of Prime Mining's (PRMNF) Preliminary Economic Assessment (PEA)?
When is the Prime Mining (PRMNF) shareholder vote for the Torex acquisition?
