Welcome to our dedicated page for Prime Mining news (Ticker: PRMNF), a resource for investors and traders seeking the latest updates and insights on Prime Mining stock.
Prime Mining Corp (PRMNF) delivers focused exploration of gold and silver resources in Mexico's mineral-rich regions. This news hub provides investors and industry observers with essential updates on drilling progress, resource evaluations, and strategic developments.
Access timely reports covering operational milestones including new drilling campaigns, technical study results, and resource expansion initiatives. Our curated collection features verified updates on exploration methodologies, geotechnical assessments, and compliance with mining regulations.
Key content categories include quarterly operational summaries, drilling result analyses, mineral resource updates, and strategic partnership announcements. Each update maintains rigorous standards for technical accuracy and regulatory compliance.
Bookmark this page for direct access to Prime Mining's latest developments. Regularly updated information supports informed monitoring of the company's progress in advancing its high-grade mineral targets through systematic exploration programs.
Prime Mining Corp. has selected Ausenco Engineering Canada ULC to lead the Preliminary Economic Assessment (PEA) study for its Los Reyes gold-silver project in Mexico. The PEA, targeted for completion in Q3 2025, will be based on drilling through 2024. The company envisions a 5,000 tonne-per-day mill operation combining open pit and underground mining.
Since 2019, Prime has invested over $64 million in exploration and completed 221,000 metres of drilling. Currently, drilling is paused due to security concerns in Sinaloa, but six drill rigs remain on standby to resume a planned 40,000m program. The company's 2025 exploration will focus on extending high-grade areas at Z-T Area, Guadalupe East, and the Central Area, while continuing community engagement initiatives.
Prime Mining Corp. (PRMNF) has selected Ausenco Engineering Canada ULC to lead the Preliminary Economic Assessment (PEA) study for its Los Reyes gold-silver project in Mexico. The PEA, targeted for completion in Q3 2025, will be based on drilling through 2024 and incorporate extensive technical work completed to date.
The company envisions a 5,000 tonne-per-day mill operation combining open pit and underground mining. Since acquiring Los Reyes in 2019, Prime has invested over $64 million in exploration and completed more than 221,000 metres of drilling. The company plans to continue exploration with six drill rigs on site, focusing on extending high-grade areas at Z-T Area, Guadalupe East, and the Central Area.
Prime Mining Corp has reported new drilling results from its Los Reyes Project in Sinaloa State, Mexico. The company announced significant findings at the Fresnillo target, extending high-grade mineralization by approximately 120 metres up-dip from previous stopes. Key highlights include intersections of 1.99 g/t gold-equivalent over 9.6m, 2.83 g/t AuEq over 6.2m, and 1.46 g/t AuEq over 9.8m.
The Fresnillo target, first drilled in 2022, is located between the Z-T and Central Trends. The recent drilling results are expected to increase the Inferred Resources in future estimates. The company has also released results from eight holes at the Mariposa target, confirming the continuation of the Z-T structure.
Currently, drilling is suspended with six rigs on standby at Los Reyes. Prime's 2025 exploration will focus on extending high-grade Z-T Area shoots, expanding Guadalupe East mineralization, increasing Central Area resources, and developing generative targets.
Prime Mining Corp. (PRMNF) has announced its 2025 outlook for the Los Reyes gold-silver project in Sinaloa, Mexico. The company plans a 40,000-metre drilling program focused on resource expansion and new discoveries. Key areas include extending high-grade Z-T Area shoots, expanding Guadalupe East mineralization, and increasing Central Area resources.
Drilling is temporarily suspended since January 28, 2025, due to security concerns in Sinaloa, though this is not expected to impact the overall 2025 program. The company has completed approximately 1,500 metres of drilling year to date.
Prime is well-funded with $19 million in cash (unaudited) as of December 31, 2024, plus approximately $19 million in in-the-money warrants and options, expected to fund operations through 2025 and into 2026. The company aims to complete a Preliminary Economic Assessment and continues technical de-risking activities.
Prime Mining Corp has reported significant expansion drilling results from its Los Reyes Project in Mexico. Key highlights from the Central Trend include high-grade intersections at Noche Buena, with notable results of 3.48 g/t gold-equivalent over 7.6m ETW in hole 24NB-78, 2.16 g/t AuEq over 11.3m ETW in hole 24NB-67, and 1.65 g/t AuEq over 11.2m ETW in hole 24NB-77.
The drilling has defined a new 400-meter long high-grade shoot at the southern end of Noche Buena, extending 210m and 300m along strike from the 2024 MRE pit crest and southernmost MRE stopes, respectively. The mineralization remains open at depth and along strike, suggesting potential for significant resource expansion.
The company currently has six drill rigs on site, focusing on extending high-grade shoots at Z-T Area, expanding mineralization at Guadalupe East, increasing Central Area resources, and exploring generative targets at Las Primas, Mariposa, and Fresnillo.
Prime Mining Corp (PRMNF) has reported significant expansion drilling results from its Los Reyes Project in Mexico, highlighting a new 'Tahonitas Footwall' discovery in the Z-T Trend. Notable intersections include 9.5 g/t gold-equivalent over 2.1 metres and 1.62 g/t gold-equivalent over 15.2 metres.
The newly discovered high-grade ore shoot at Tahonitas, defined over 260 metres by 140 metres, remains open along strike and at depth. The southern-most holes are located over 650 metres south of the Mineral Resource Estimate (MRE) pit crest and approximately 250 metres along strike from the southern-most stope. All highlighted intercepts are within 200 metres from surface, suggesting potential for both open pit and underground extraction.
The company currently has six drill rigs active on site, focusing on extending high-grade shoots at Z-T Area, expanding mineralization at Guadalupe East, increasing Central Area resources, and exploring generative targets.
Prime Mining Corp has reported expansion drilling results from its Los Reyes Project in Mexico, highlighting significant gold and silver intersections at the Guadalupe Trend. Key findings include an intersection of 42.07 g/t gold-equivalent (14.25 g/t Au and 2,150.0 g/t Ag) over 1.0 meters in hole 24GE-160, located over 400m from the main Guadalupe East resource area.
The company has expanded its fiscal 2024 drilling program to 50,000 metres from 40,000 metres, with five drill rigs currently active on site. The program focuses on extending high-grade Z-T Area shoots, expanding Guadalupe East mineralization, increasing Central Area resources, and exploring generative targets at Las Primas, Mariposa, and Fresnillo.
Prime Mining Corp has filed an updated technical report for its Los Reyes gold-silver project in Mexico, highlighting significant resource growth. The 2024 Mineral Resource Estimate shows Indicated Resources increased 49% to 2.2 million gold-equivalent ounces, while Inferred Resources grew 11% to 0.8 million gold-equivalent ounces compared to May 2023.
The report includes new Underground Resources of 664,000 Indicated ounces and 406,000 Inferred ounces. Open-pit resources have also expanded, with Milled Indicated Resources growing 48% to 1.93 million gold-equivalent ounces. The company has expanded its 2024 drilling program to 50,000 metres from 40,000 metres, with five drill rigs currently active.
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