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Prime Mining

Gold company, with a project stated to be in Los Reyes.

NoneMexico — as stated on the recordings

gold NoneMexico
Sep 2025Covered
6 of 10Topics on record
1 executiveNamed on the record
Primary commodity
Gold
Jurisdiction
Los Reyes
Deposit
gold and silver
Latest appearance
11 Sep 2025
On record
1 interview · 11 statements · 1 executive

At a glance

What the record holds today. Every card names where it came from — a management representation is not an established fact, and the page never blurs the two.

What happens next
expect to close transaction in the second half of the year
Management-stated Scott Hicks Sep 2025
The main open question
Drilling remains paused due to security concerns on-site, which directly blocks technical de-risking work.
Weighed from the statements below, not our opinion of the company.
Our reading
How outsiders read it
5 independent voices on record — 1 constructive, 4 neutral
Pierre Lassonde, Dan Barnholden, Glenn Jessome, David Lotan…
Outside voices

Management view vs outside view

Management interviews are promotional by nature; the outside view is the counterweight. Both are quoted from the recordings, not added by us.

What management spends its time on

Counted from Prime Mining's own claims across 1 interview — most-covered theme first.

What outside voices pick up on

5 independent voices — people who do not speak for the company — across 5 mentions.

1 constructive 4 neutral
  • Pierre Lassonde “He mentions Prime was sold to Torex for shares; the comment is descriptive rather than a direct new bullish call.”
  • Dan Barnholden “Mentioned as one of five Mexico peers acquired in last 12 months”
  • Glenn Jessome “Acquired by Torex at ~C$500M at resource stage. Illustrates premium paid for Mexican silver developers.”
  • David Lotan “Referenced as the seller of Los Reyes, with value realized after prior low-cost acquisition.”

Bull · Bear · Watch next

Weighed from the statements on this page — management's pitch and the outside view. Not financial advice, and not our opinion of the company.

▲ Bull case

Management has assembled a track record team (from Teck, Kinross, IM Gold) who previously unlocked value from a stranded Mexican asset at Los Reyes, resolving community issues and achieving a premium sale to Torex.

What it rests on
▶
▶
Evidence: 2 moments from 1 interview
Read the full case

Management has assembled a track record team (from Teck, Kinross, IM Gold) who previously unlocked value from a stranded Mexican asset at Los Reyes, resolving community issues and achieving a premium sale to Torex. The deposit itself is a mix of gold and silver in an established jurisdiction, and the transaction is expected to close in H2 this year, offering a defined near-term catalyst.

▼ Bear case

Drilling remains paused due to security concerns on-site, which directly blocks technical de-risking work.

What it rests on
▶
▶
Evidence: 2 moments from 1 interview
Read the full case

Drilling remains paused due to security concerns on-site, which directly blocks technical de-risking work. At a 10.7% pro forma stake post-deal, management's ownership is modest. Critical milestones—shareholder vote (Sep 29), antitrust review, and deal close—all remain ahead with no guarantee of smooth execution in a volatile jurisdiction.

◆ Watch next

Shareholder vote September 29th; deal closing in second half of year; completion of Mexican antitrust review.

What it rests on
▶
▶
Evidence: 2 moments from 1 interview
Read the full case

Shareholder vote September 29th; deal closing in second half of year; completion of Mexican antitrust review. Resumption of drilling and PEA study timing once security situation permits. Deal structure and integration with acquiring entity (Torex).

Each moment links to the exact point in the source recording. The cases are drawn from the transcripts, weighed as written — they are not a rating, a target or a recommendation.

Project 5 statements

The deposit 1

What was actually said
deposit type
gold and silver
“We are we are about 70% gold, 30% silver.”
Scott Hicks· 11 Sep 2025·

Jurisdiction 3

Key takeaway. In a September 2025 interview, Prime Mining's management reported that the company's Los Reyes project is in Mexico and that drilling had been paused due to the security situation in the region.

What was actually said
country
Mexico
“Mexico is a great place to do business”
Scott Hicks· 11 Sep 2025·
permit status
paused drilling due to security situation
“our drilling remains paused because of the security situation there.”
Scott Hicks· 11 Sep 2025·
region
Los Reyes
“the Las project, it's an excellent development project”
Scott Hicks· 11 Sep 2025·

Technical risk 1

What was actually said
stated risk
drilling paused due to security situation in jurisdiction
“our drilling remains paused because of the security situation there.”
Scott Hicks· 11 Sep 2025·

Timeline 4 statements

Timeline 4

Key takeaway. Prime Mining's management reports that a shareholder vote is scheduled for September 29, 2025, and they expect to close a transaction in the second half of the year.

Read the full summary

According to the company, an antitrust review in Mexico is expected to follow, while a PEA study has been paused.

What was actually said
milestone
expect to close transaction in the second half of the year
“we definitely look forward to to closing this transaction in the second half in this in this half the year.”
Scott Hicks· 11 Sep 2025·
milestone
shareholder vote September 29th
“That vote comes September 29th.”
Scott Hicks· 11 Sep 2025·
milestone
antitrust review in Mexico expected to follow
“They do an antitrust review and uh we'd expect that to follow hopefully soon after.”
Scott Hicks· 11 Sep 2025·
Show the other 1 statement
study due
PEA study paused
“We had certainly been prioritizing a pea uh us as a standalone company to look at what the next steps are and it was part of our natural technical de-risisking project.”
Scott Hicks· 11 Sep 2025·

Corporate 2 statements

Management 1

What was actually said
track record
management from Teck, Penumont, Kinross Gold, IM Gold
“most of the management team, our head of exploration, myself and others uh come from companies like Tech, Pneumont, uh Kin Ross Gold for myself for 10 years, IM Gold.”
Scott Hicks· 11 Sep 2025·

Share structure 1

What was actually said
insider stake
10.7% ownership of the Proforma company on a fully diluted basis
“on a fully dilute basis, we'll have 10.7% ownership of the Proforma company.”
Scott Hicks· 11 Sep 2025·

Outside views 5 mentions

5 mentions by people who do not speak for the company — 1 constructive, 0 cautious, 4 neutral. These are their views, not the company's.

Pierre Lassonde
neutral
He mentions Prime was sold to Torex for shares; the comment is descriptive rather than a direct new bullish call.
Wealthion· 17 Apr 2026·
Dan Barnholden
neutral
Mentioned as one of five Mexico peers acquired in last 12 months
Crux Investor· 28 Oct 2025·
Glenn Jessome
neutral
Acquired by Torex at ~C$500M at resource stage. Illustrates premium paid for Mexican silver developers.
The Deep Dive· 22 Sep 2025·
David Lotan
neutral
Referenced as the seller of Los Reyes, with value realized after prior low-cost acquisition.
MiningStockEducation.com· 20 Aug 2025·
Show the other 1 mention
Amandip Singh
bullish
Cited as the successful turnaround analog — same management group acquired a socially stranded asset (Los Reyes), resolved community issues, and unlocked value exceeding the original company's market cap.
Investing News· 14 Mar 2025·

Sources 1 interview

Every interview 1

DateChannelInterviewStatements
11 Sep 2025 The Deep Dive Why This Gold Run Isn’t Over Yet! | Scott Hicks - Prime Mining 11

What else those interviews covered

Every other asset named in the same recordings, by how many of them named it — the company's coverage context, not its holdings. Where the name is another company we hold a record for, it links to it.

gold 1
kinross gold 1
silver 1
torex gold 1

Questions people ask

What is Prime Mining's project and where is it?

Prime Mining is a resource gold company, with a project stated to be in Mexico. Everything here is drawn from its executives' own interviews.

Which interviews mention Prime Mining?

We track 1 interview mentioning Prime Mining, across 1 channel (The Deep Dive).

What are investors saying about Prime Mining?

5 independent voices — people who do not speak for the company — are on record discussing it (1 bullish, 4 neutral). Their reasoning is quoted in the outside-view section above.

What do recent interviews with Prime Mining cover?

The most-discussed topics on record are timeline, jurisdiction, the deposit, management — each claim quoted and dated in the sections above.

How to read this page

What is here

Statements made by company representatives in the interviews listed above — each one carrying the words that made it, the date, and the recording. Nothing is added from any other source: if it was not said on a recording, it is not on this page. The one exception lives in the Claims & Checks record, which cites a metal price from our own feed so a stated cost can be set against it — and labels it as ours wherever it appears.

What is not verified

All of it. Resource figures, economics, timelines and promotional framing are management's own representations, checked against no filing and no technical report. Transcripts are automatic; we repair a clearly mis-heard word but never a number, a date, a unit or a speaker's hedge — “about 8.6 million ounces” keeps its “about”.

How to use it

Treat it as a map of what has been said, not as a source of fact. Where a figure matters to you, open the recording and read the company's filings. Nothing here is financial advice, a recommendation, or an offer to buy or sell any security — these are interested parties discussing their own company.

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