Polymetals Resources's revenue outlook is "extraordinary for a company with a current market capitalization of A$280 million," Shaw & Partners says. The bank starts Polymetals at buy, with a A$1.62/share price target. Polymetals owns the Endeavor silver, lead, and zinc mine. Once a stalled asset, it has become a high-margin silver-zinc producer. "By successfully restructuring an onerous 100% silver royalty that had hamstrung the project for 20 years, Polymetals has unlocked the economic value of its high-grade silver ore," analyst Peter Kormendy says. At current prices, silver from the mine could generate more than A$700 million in gross revenue over the next three years, Shaw says. "And that is before counting the zinc and lead credits that come with the ore," it adds. Polymetals ended Monday at A$0.895. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
April 27, 2026 19:08 ET (23:08 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
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