Polymetals Resources (ASX:POL) advanced the mine restart of the Endeavor silver-zinc mine in New South Wales, according to a Wednesday filing with the Australian bourse.
Surface refurbishment activities are ongoing in the area, with underground readiness advancing on schedule, the filing said.
The mining firm secured a $20 million loan facility to develop the project, with the first cash flow scheduled for the first half of next year.
Polymetals acquired Endeavor in 2023 after being in care and maintenance since 2020. The filing added that it had operated for 38 continuous years before that.
Company shares rose nearly 8% in recent Wednesday trade.
Price (AUD): $0.82, Change: $+0.06, Percent Change: +7.89%
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。