Polymetals lifts silver grades and eyes direct shipping gains at Endeavor mine
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Polymetals Resources Ltd. has begun mining high-grade silver ore at its Endeavor mine, yielding higher silver grades than expected. The company is trialing a 30,000-tonne direct shipping ore parcel to enhance revenue from silver and gold. Management anticipates improved cash flow and financial stability, with a zinc concentrate shipment on the way. The latest analyst rating for Polymetals stock is a Sell, with a price target of A$0.94. Polymetals focuses on silver, zinc, and lead production in New South Wales, Australia.
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