Prime Mining (TSX:PRYM) Cash And Cash Equivalents : C$27.90 Mil (As of Mar. 2024)

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What is Prime Mining Cash And Cash Equivalents?

Prime Mining's quarterly cash and cash equivalents declined from Sep. 2023 (C$39.23 Mil) to Dec. 2023 (C$33.81 Mil) but then stayed the same from Dec. 2023 (C$33.81 Mil) to Mar. 2024 (C$27.90 Mil).

Prime Mining's annual cash and cash equivalents declined from Apr. 2021 (C$32.03 Mil) to Dec. 2022 (C$23.81 Mil) but then increased from Dec. 2022 (C$23.81 Mil) to Dec. 2023 (C$33.81 Mil).

Prime Mining Cash And Cash Equivalents Historical Data

The historical data trend for Prime Mining's Cash And Cash Equivalents can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Prime Mining Cash And Cash Equivalents Chart

Prime Mining Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Dec22

Dec23

Cash And Cash Equivalents

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0.01

1.02

32.03

23.81

33.81

Prime Mining Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Cash And Cash Equivalents	Get a 7-Day Free Trial															23.81	19.24	39.23	33.81	27.90

Prime Mining Cash And Cash Equivalents Calculation

Cash and cash equivalents are the most liquid assets on the balance sheet. Cash equivalents are assets that are readily convertible into cash, such as money market holdings, short-term government bonds or Treasury bills, marketable securities and commercial paper.

Prime Mining (TSX:PRYM) Cash And Cash Equivalents Explanation

A high number means either:

1) The company has competitive advantage generating lots of cash

2) Just sold a business or bonds (not necessarily good)

A low stockpile of cash usually means poor to mediocre economics.

There are 3 ways to create large cash reserve.

1) Sell new bonds or equity to public

2) Sell business or asset

3) It has an ongoing business generating more cash than it burns (usually means durable competitive advantage)

When a company is suffering a short term problem, Buffett looks at cash or marketable securities to see whether it has the financial strength to ride it out.

Important: Lots of cash and marketable securities + little debt = good chance that the business will sail on through tough times.

Test to see what is creating cash by looking at past 7 yrs of balance sheets. This will reveal how the cash was created.

Be Aware

Depreciation estimates make the calculation of net income susceptible to management's accounting choices. These choices can be either overly aggressive or overly conservative.

Prime Mining Cash And Cash Equivalents Related Terms

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Prime Mining (TSX:PRYM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Prime Mining Corp (TSX:PRYM) » Definitions » Cash And Cash Equivalents

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PRMNF:USA O4V3:Germany

Address

1030 West Georgia Street, Suite 1507, Vancouver, BC, CAN, V6E 2Y3

Website

https://www.primeminingcorp.ca

Prime Mining Corp is engaged in the acquisition, exploration, and development of mineral resource properties, primarily targeting high-value and specialty metals. The company's projects include Los Reyes; Magenta and others. The Company has one operating segment, which is the acquisition and exploration of mineral properties.

Executives

Kerry Elwyn Sparkes

Director

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