Latest news for Trigon Metals (OTC:PNTZF) Stock

Trigon Metals Inc is an emerging copper and silver producer in the African continent. Trigon operates through the development of its Namibian mining and exploration permits. The company's projects include Kombat Mine and Gross Otavi in Namibia and the newly Silver Hill copper-silver exploration project in Morocco.

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Trigon Metals Inc

Trigon Metals

Source: <a href="https://www.streetwisereports.com/article/2024/09/20/copper-co-achieves-key-production-milestone.html?utm_medium=feed">Ben Pirie 09/20/2024</a>

Trigon Metals Inc. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/PNTZF#OTC">PNTZF</a>) recently announced a significant production milestone and strategic operational changes, according to an Atrium Research note.

Atrium Research analysts Ben Pirie and Nicholas Cortellucci, in a research report published on September 19, 2024, provided an update on Trigon Metals Inc. following the company&#39;s announcement of a significant production milestone and strategic operational changes. The analysts maintained a Buy rating and a target price of CA$3.50 on the stock.

Trigon Metals announced that its underground operations at the Kombat Mine had reached a production rate of 980 tonnes per day (tpd) over a 30-day period, surpassing a key threshold in its streaming agreement with Sprott.

The analysts viewed this development positively, stating, &quot;This milestone is key as per the terms of the streaming agreement with Sprott, ensuring that Trigon is not required to convert the principal advance pursuant to the stream agreement into a loan.&quot;

In light of this success, Trigon has made the strategic decision to pause its open pit mining activities. The analysts noted, &quot;This decision was made for a few reasons, but primarily because the 980tpd for 30 consecutive days from the underground is just under the current milling capacity of 1,000tpd and it is far more profitable for the Company to process the much higher-grade underground ore.&quot;

Pirie and Cortellucci expressed their positive view on these developments: &quot;We are impressed with today&#39;s release as it highlights the much better than expected ramp-up of the underground operations and sets Trigon up for much more profitable quarters and increased production going forward.&quot;

The analysts also highlighted Trigon&#39;s ongoing exploration efforts, mentioning a ~3,500m drill program that has yielded positive results, particularly high-grade copper found outside of the existing resource near Shaft #3. They noted, &quot;This area is set to be a key mining area as TM ramps throughput from 1,000tpd to 2,000tpd next year.&quot;

Atrium Research&#39;s valuation methodology for Trigon Metals is not explicitly stated in the report. However, the analysts maintain their Buy rating and target price of CA$3.50, representing a potential return of approximately 456% from the price at the time of the report of CA$0.63.

The analysts concluded by outlining key catalysts for Trigon, including &quot;Quarterly Production &amp; Financial Results - Ongoing&quot; and &quot;Drill Results at Kombat &amp; Expansion Drilling &ndash; Ongoing,&quot; indicating potential near-term drivers for the company&#39;s valuation.

Important Disclosures:

This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports&#39; terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company.

Disclosures for Atrium Research, Trigon Metals Inc., September 19, 2024

Analyst Certification Each authoring analyst of Atrium Research on this report certifies that (i) the recommendations and opinions expressed in this research accurately reflect the authoring analyst&#39;s personal, independent and objective views about any and all of the designated securities discussed (ii) no part of the authoring analyst&#39;s compensation was, is, or will be, directly or indirectly, related to the specific recommendations or views expressed in the research, (iii) to the best of the authoring analyst&#39;s knowledge, she/he is not in receipt of material non-public information about the issuer, (iv) the analyst does not own common shares, options, or warrants in the company under coverage, and (v) the analysts adhere to the CFA Institute guidelines for analyst independence.

About Atrium Research Atrium Research provides institutional quality issuer paid research on public equities in North America. Our investment philosophy takes a 3-5 year view on equities currently being overlooked by the market. Our research process emphasizes understanding the key performance metrics for each specific company, trustworthy management teams, unit economics, and an in-depth valuation analysis.

General Information Atrium Research Corporation (ARC) has created and distributed this report. This report is based on information we considered reliable; we have not been provided with any material non-public information by the company (or companies) discussed in this report. We do not represent that this report is accurate or complete and it should not be relied upon as such; further any information in this report is subject to change without any formal or type of notice provided. Investors should consider this report as only one factor in their investment decisions; this report is not intended as a replacement for investor&#39;s independent judgment. ARC is not an IIROC registered dealer and does not offer investment-banking services to its clients. ARC (and its employees) do not own, trade or have a beneficial interest in the securities of the companies we provide research services for and does not serve as an officer or Director of the companies discussed in this report. ARC does not make a market in any securities. This report is not disseminated in connection with any distribution of securities and is not an offer to sell or the solicitation of an offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. ARC does not make any warranties, expressed or implied, as to the results to be obtained from using this information and makes no express of implied warranties for particular use. Anyone using this report assumes full responsibility for whatever results they obtain. This does not constitute a personal recommendation or take into account any financial or investment objectives, financial situations or needs of individuals. This report has not been prepared for any particular individual or institution. Recipients should consider whether any information in this report is suitable for their particular circumstances and should seek professional advice. Past performance is not a guide for future results, future returns are not guaranteed, and loss of original capital may occur. Neither ARC nor any person employed by ARC accepts any liability whatsoever for any direct or indirect loss resulting from any use of its research or the information it contains. This report contains &quot;forward looking&quot; statements. Forward-looking statements regarding the Company and/or stock&#39;s performance inherently involve risks and uncertainties that could cause actual results to differ from such forward-looking statements. Such statements involve a number of risks and uncertainties such as competition, technology shifts, market demand and the company&#39;s (and management&#39;s) ability to correctly forecast financial estimates; please see the company&#39;s MD&amp;A &quot;Risk Factors&quot; Section for a more complete discussion of company specific risks for the company discussed in this report. ARC is receiving a cash compensation from Trigon Metals Inc. for 12-months of research coverage. ARC retains full editorial control over its research content. ARC does not have investment banking relationships and does not expect to receive any investment banking driven income. ARC reports are primarily disseminated electronically and, in some cases, printed form. Electronic reports are simultaneously available to all recipients in any form. Reprints of ARC reports are prohibited without permission.&nbsp;The information contained in this report is intended to be viewed only in jurisdictions where it may be legally viewed and is not intended for use by any person or entity in any jurisdiction where such use would be contrary to local regulations or which would require any registration requirement within such jurisdiction.

Source: <a href="https://www.streetwisereports.com/article/2024/08/30/copper-co-reports-high-grade-drill-results.html?utm_medium=feed">Ben Pirie 08/30/2024</a>

Trigon Metals Inc. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/PNTZF#OTC">PNTZF</a>) recently reported high-grade drill results from its Kombat Mine, according to an Atrium Research note.

Atrium Research analysts Ben Pirie and Nicholas Cortellucci, in a research report published on August 30, 2024, provided an update on Trigon Metals following the company&#39;s announcement of high-grade drill results from a new zone near Shaft #3 of the Kombat Mine. The analysts maintained their Buy rating and target price of CA$3.50 on the stock.

Trigon Metals reported several high-grade copper intersections from its drilling program at the new zone, including:

<ul>
	<li>3.32% Copper (Cu) over 7 meters (m) (E600-017)</li>
	<li>2.08% Cu over 4m (E600-018)</li>
	<li>2.65% Cu over 3m (E600-044)</li>
	<li>2.48% Cu over 3m (E600-045</li>
	<li>2.14% Cu over 2m (E600-047)</li>
	<li>2.61% Cu over 2m (E600-055)</li>
	<li>2.06% Cu over 2m (E600-056)</li>
	<li>2.21% Cu over 4m (E600-065)</li>
</ul>

The analysts noted the significance of these results, stating, &quot;Today&#39;s release is important as it shows strong resource growth potential in the area around Shaft #3, which would open up more mining faces, reducing operational risk and allowing for future production growth.&quot;

Pirie and Cortellucci highlighted comments from Trigon&#39;s VP Exploration Andy Rompel, who indicated &quot;potential for the deposit to expand in width further into the dolomites (not just along the dolomite phyllite contact), which could materially grow the resource.&quot;

The analysts expressed their positive view on the results, commenting, &quot;We are pleased by the results reported yesterday as it shows substantial resource growth potential near already existing mine workings as well as highlight the existing infrastructure and strong grade at the company&#39;s next phase of production growth for the underground mining operations.&quot;

Trigon Metals&#39; strategic plans include ramping up throughput from 1,000 tpd to 2,000 tpd next year, with Shaft #3 set to be a key mining area in this expansion. The company is continuing its underground drilling operations, with approximately 3,500m planned to be completed by year-end.

The analysts maintain their Buy rating and target price of CA$3.50 per share, implying a potential return of 393% from the share price at the time of the report of CA$0.71.

The analysts conclude by highlighting potential catalysts for Trigon Metals, including ongoing quarterly production and financial results, as well as continued drill results at Kombat and expansion drilling.

Important Disclosures:

<ol>
	<li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports&#39; terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company.</li>
	<li>Disclosures for Atrium Research, Trigon Metals, August 30, 2024</li>
</ol>

Analyst Certification Each authoring analyst of Atrium Research on this report certifies that (i) the recommendations and opinions expressed in this research accurately reflect the authoring analyst&#39;s personal, independent and objective views about any and all of the designated securities discussed (ii) no part of the authoring analyst&#39;s compensation was, is, or will be, directly or indirectly, related to the specific recommendations or views expressed in the research, (iii) to the best of the authoring analyst&#39;s knowledge, she/he is not in receipt of material non-public information about the issuer, (iv) the analyst does not own common shares, options, or warrants in the company under coverage, and (v) the analysts adhere to the CFA Institute guidelines for analyst independence.

About Atrium Research Atrium Research provides institutional quality issuer paid research on public equities in North America. Our investment philosophy takes a 3-5 year view on equities currently being overlooked by the market. Our research process emphasizes understanding the key performance metrics for each specific company, trustworthy management teams, unit economics, and an in-depth valuation analysis.

General Information Atrium Research Corporation (ARC) has created and distributed this report. This report is based on information we considered reliable; we have not been provided with any material non-public information by the company (or companies) discussed in this report. We do not represent that this report is accurate or complete and it should not be relied upon as such; further any information in this report is subject to change without any formal or type of notice provided. Investors should consider this report as only one factor in their investment decisions; this report is not intended as a replacement for investor&#39;s independent judgment. ARC is not an IIROC registered dealer and does not offer investment-banking services to its clients. ARC (and its employees) do not own, trade or have a beneficial interest in the securities of the companies we provide research services for and does not serve as an officer or Director of the companies discussed in this report. ARC does not make a market in any securities. This report is not disseminated in connection with any distribution of securities and is not an offer to sell or the solicitation of an offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. ARC does not make any warranties, expressed or implied, as to the results to be obtained from using this information and makes no express of implied warranties for particular use. Anyone using this report assumes full responsibility for whatever results they obtain. This does not constitute a personal recommendation or take into account any financial or investment objectives, financial situations or needs of individuals. This report has not been prepared for any particular individual or institution. Recipients should consider whether any information in this report is suitable for their particular circumstances and should seek professional advice. Past performance is not a guide for future results, future returns are not guaranteed, and loss of original capital may occur. Neither ARC nor any person employed by ARC accepts any liability whatsoever for any direct or indirect loss resulting from any use of its research or the information it contains. This report contains &quot;forward looking&quot; statements. Forward-looking statements regarding the Company and/or stock&#39;s performance inherently involve risks and uncertainties that could cause actual results to differ from such forward-looking statements. Such statements involve a number of risks and uncertainties such as competition, technology shifts, market demand and the company&#39;s (and management&#39;s) ability to correctly forecast financial estimates; please see the company&#39;s MD&amp;A &quot;Risk Factors&quot; Section for a more complete discussion of company specific risks for the company discussed in this report. ARC is receiving a cash compensation from Trigon Metals Inc. for 12-months of research coverage. ARC retains full editorial control over its research content. ARC does not have investment banking relationships and does not expect to receive any investment banking driven income. ARC reports are primarily disseminated electronically and, in some cases, printed form. Electronic reports are simultaneously available to all recipients in any form. Reprints of ARC reports are prohibited without permission.&nbsp;The information contained in this report is intended to be viewed only in jurisdictions where it may be legally viewed and is not intended for use by any person or entity in any jurisdiction where such use would be contrary to local regulations or which would require any registration requirement within such jurisdiction.

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