Prime Mining Balance Sheet Health

Financial Health criteria checks 5/6

Prime Mining has a total shareholder equity of CA$33.5M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$35.2M and CA$1.7M respectively.

Key information

Debt to equity ratio

CA$0

Debt

Interest coverage ratio	n/a
Cash	CA$21.24m
Equity	CA$33.55m
Total liabilities	CA$1.70m
Total assets	CA$35.25m

Recent financial health updates

Recent updates

Is Prime Mining (TSE:PRYM) In A Good Position To Deliver On Growth Plans?

Sep 15

We Think Prime Mining (TSE:PRYM) Can Afford To Drive Business Growth

Mar 20

Prime Mining (CVE:PRYM) Is In A Good Position To Deliver On Growth Plans

Nov 21

Is Prime Mining (CVE:PRYM) In A Good Position To Invest In Growth?

Aug 03

Is Prime Mining (CVE:PRYM) In A Good Position To Deliver On Growth Plans?

Jul 18

Companies Like Prime Mining (CVE:PRYM) Are In A Position To Invest In Growth

Mar 05

Financial Position Analysis

Short Term Liabilities: PRYM's short term assets (CA$21.4M) exceed its short term liabilities (CA$892.7K).

Long Term Liabilities: PRYM's short term assets (CA$21.4M) exceed its long term liabilities (CA$807.6K).

Debt to Equity History and Analysis

Debt Level: PRYM is debt free.

Reducing Debt: PRYM has no debt compared to 5 years ago when its debt to equity ratio was 7.1%.

Balance Sheet

Cash Runway Analysis

For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: PRYM has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: PRYM has sufficient cash runway for 1.7 years if free cash flow continues to reduce at historical rates of 33.3% each year.

Prime Mining Balance Sheet Health

Financial Health criteria checks 5/6

Key information

Recent financial health updates

Is Prime Mining (TSE:PRYM) In A Good Position To Deliver On Growth Plans?

We Think Prime Mining (TSE:PRYM) Can Afford To Drive Business Growth

Prime Mining (CVE:PRYM) Is In A Good Position To Deliver On Growth Plans

Is Prime Mining (CVE:PRYM) In A Good Position To Invest In Growth?

Is Prime Mining (CVE:PRYM) In A Good Position To Deliver On Growth Plans?

Companies Like Prime Mining (CVE:PRYM) Are In A Position To Invest In Growth

Recent updates

New major risk - Revenue and earnings growth

New minor risk - Financial position

Prime Mining Corp. Reports Significantly Expanded Gold and Silver Mineral Resource with Exceptional Upside Potential At Its Los Reyes Property

Price target increased by 8.0% to CA$4.15

New minor risk - Shareholder dilution

Prime Mining Corp. Appoints Sunny Lowe to Its Board of Directors

Is Prime Mining (TSE:PRYM) In A Good Position To Deliver On Growth Plans?

Prime Mining Corp. Intersects 7 gpt Gold-Equivalent over 2m at Z-T

Prime Mining Corp. Focuses on Exploration and Development of its Wholly Owned Los Reyes Gold-Silver Project in Sinaloa State, Mexico

Executive Advisor & Director exercised options to buy CA$1.2m worth of stock.

Prime Mining Corp. Extends High-Grade Silver and Gold Mineralization At Guadalupe East

Technical Advisor & Director recently sold CA$119k worth of stock

Technical Advisor & Director exercised options to buy CA$205k worth of stock.

New major risk - Revenue and earnings growth

PrimeMining Corp Reports 11.8 gpt gold-equivalent over 3.0 metres at Las Primas And Continues to Discover High Grades at Shallow Depths

Prime Mining Corp., Annual General Meeting, Jun 19, 2024

We Think Prime Mining (TSE:PRYM) Can Afford To Drive Business Growth

Prime Mining Corp. Releases Final 2023 Drilling Results

High number of new directors

Prime Mining Corp. Reports Expansion Drilling Results from its Los Reyes Project, Located in Sinaloa State, Mexico

Prime Announces 2024 Drilling Update

Prime Mining Appoints Scott Hicks to the Board of Directors

Prime Mining Corp. Intercepts High Grades At Las Primas and Record High Grades At Guadalupe East

Prime Mining Corp. Further Expands Mineralization at Central Results Demonstrate Potential for Larger High-Grade Pit

Prime Mining Corp. Provides Update on Exploration and Development of Its Wholly Owned High-Grade Los Reyes Gold-Silver Project in Sinaloa State, Mexico

Prime Mining (CVE:PRYM) Is In A Good Position To Deliver On Growth Plans

Prime Mining Corp. Announces More High-Grade Drilling Results from the Z-T Area At Los Reyes

Prime Mining Corp. Reports Expansion Drill Results from its Los Reyes Project, Located in Sinaloa State, Mexico

Prime Mining Corp. Releases High-Grade Drill Results from Two New Generative Targets At Los Reyes

Executive Vice President exercised options to buy CA$219k worth of stock.

Prime Mining Corp. Announces Board Changes

Price target decreased by 18% to CA$4.26

Is Prime Mining (CVE:PRYM) In A Good Position To Invest In Growth?

Prime Mining Corp. Extends Mineralization Beyond Los Reyes Resource Pit at Central Area

Prime Discovers New Wide Zones Of High-Grade Mineralization in Z-T Area Significantly Below Resource Pits

Prime Mining Corp. Announces the Filing of A Technical Report for the Updated Mineral Resource Estimate

Prime Mining Corp. Reports New Results from Core Drilling At the Z-T Area

Prime Mining Corp., Annual General Meeting, Jul 14, 2023

Executive Advisor & Director exercised options to buy CA$494k worth of stock.

Price target decreased by 12% to CA$5.15

Prime Mining Corp. Announces 2023 Drill Program and Progress Update

Prime Mining Corp. Announces Additional Assay Results from Its Recently Completed Phase 2 Drill Program, and Start of Phase 3 Drilling

Prime Mining Corp. announced that it has received CAD 21.045 million in funding

Price target increased to CA$7.00

Prime Mining Corp. announced that it expects to receive CAD 16.5 million in funding

Prime Drills Multiple Bonanza and High-Grade Intercepts At Guadalupe Including 33.2 gpt Au and 1,072 gpt Ag over 2.0 Metres

Independent Director exercised options to buy CA$358k worth of stock.

High number of new directors

Prime Mining Corp Drills Several Bonanza Grade Intercepts in Guadalupe including 27.9 gpt Au and 509 gpt Ag over 2.3 Metres

Prime Mining Corp. Intercepts 2.36 gpt Au and 178 gpt Ag over 20.5 Metres in Step-out Drilling at Z-T

Prime Extends Guadalupe At Depth and Along Strike with Multiple Thick High-Grade Gold-Silver Intercepts

Prime Mining Corp. Announces Executive Changes

Executive VP & Director recently bought CA$246k worth of stock

Price target decreased to CA$6.31

Prime Mining Corp. Intercepts 2.7 gpt Au and 130 gpt Ag over 18 Metres in Step-Out Drilling at San Miguel East

Is Prime Mining (CVE:PRYM) In A Good Position To Deliver On Growth Plans?

Prime Mining Corp. Announces Additional Assays from Its Expanded Phase 2 Step-Out and Infill Drilling Program At Los Reyes

Insider recently bought CA$2.4m worth of stock

Prime Mining Corp. Intercepts 62 gpt Au and 978 gpt Ag over 3.6 Metres in Step Out Drilling at Guadalupe East

High number of new and inexperienced directors

Insider recently bought CA$2.7m worth of stock

Prime Mining Corp. Announces Continuing Positive Drill Results from 26 Drill Holes into Guadalupe East

Prime Mining Corp. Appoints Ms. Chantal Gosselin to the Board of Directors

Prime Expands Mineralization At Zapote South 42.7 Metre Intercept of 2.38 Gpt Gold and 43.4 Gpt Silver 200 Metres Below Current Resource Pit

Prime Mining Corp. Announces Continuing Positive Drill Results from A Key Drill Hole At Guadalupe East

Companies Like Prime Mining (CVE:PRYM) Are In A Position To Invest In Growth

Prime Mining Corp. Reports First Results from Guadalupe West and Provides Progress Update At Guadalupe East

Prime Mining Corp. Announces New Drill Results That Continue to Expand Known Mineralized Structures At Its Wholly-Owned Los Reyes Gold-Silver Project in Sinaloa State, Mexico

Prime Mining Corp. Announces New Drill Results from Its Wholly-Owned Los Reyes Gold-Silver Project in Sinaloa State, Mexico