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The latest update is out from Polymetals Resources Ltd. ( (AU:POL) ).
Polymetals Resources Ltd has reported significant progress in its efforts to restart the Endeavor silver zinc mine, with expectations to begin production in the first half of 2025. The company has secured a US$20 million funding facility to support its redevelopment plans, with advancements in mine refurbishment, recruitment of senior management, and acquisition of necessary equipment. The enhancement of the high-grade silver Upper North Lode and an exploration strategy for continued drilling efforts demonstrate the company’s commitment to extending the mine’s operational life, positioning it for future growth and stakeholder value.
More about Polymetals Resources Ltd.
Polymetals Resources Ltd is an emerging player in the silver and zinc production industry, focusing on the redevelopment of the high-grade Endeavor underground mine. The company is poised to become a significant producer in the sector, with operations centered around enhancing and restarting mining activities to commence production in the first half of 2025.
YTD Price Performance: -1.88%
Average Trading Volume: 475,615
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$155.1M
For an in-depth examination of POL stock, go to TipRanks’ Stock Analysis page.