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Trigon Metals Inc ( (TSE:TM) ) has issued an announcement.
Trigon Metals Inc. has halted underground mining operations at its Kombat Mine in Namibia due to the failure of main dewatering pumps, which may lead to flooding. The company is ensuring safety by evacuating personnel and removing equipment. Despite this setback, Trigon plans to proceed with a transaction involving Horizon Corporation Ltd., which remains committed to completing the purchase of Trigon’s interest in the mine. The company aims to restore operations and continue its business in a timely manner.
More about Trigon Metals Inc
Trigon Metals Inc. is a Canadian exploration and development company operating in the mining industry, with a focus on copper and silver holdings in Africa. The company has operations in Namibia, where it holds interests in the Kalahari Copperbelt Project and the Kombat Mine, as well as in Morocco with the Silver Hill and Addana projects.
YTD Price Performance: -15.62%
Average Trading Volume: 78,977
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$17.66M
For detailed information about TM stock, go to TipRanks’ Stock Analysis page.
