Trigon Metals Inc ( (TSE:TM) ) just unveiled an update.
Trigon Metals reported its third-quarter results for 2024, highlighting steady copper production and significant silver output despite operational challenges. The company is advancing a $24 million asset sale of its Kombat Mine to Horizon Corporation, which provides financial flexibility and potential long-term value linked to copper prices and mine expansion. However, Trigon faced a net loss due to impairment charges and operational disruptions, including a temporary suspension of mining operations following equipment failures.
More about Trigon Metals Inc
Trigon Metals Inc. operates in the mining industry, focusing on the production of copper and silver. The company is engaged in strategic asset sales and operational restructuring to enhance its market position and financial stability.
YTD Price Performance: -50.52%
Average Trading Volume: 110,955
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$10.59M
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