Trigon Metals Inc. (TM:TSXV)

  • Trigon is ramping production 5x from FY24 to FY27. We are expecting $8M in operating cash flow in FY25.

  • Trigon restarted mining operations in May 2023 and announced the full restart of milling and processing in August 2023.

  • Tier-1 copper camp in the making; 500 Blbs of copper found on just 4.2km of the 35km strike. Significant exploration upside still exists and cashflow from operations will allow TM to explore without dilution.

  • TM is trading at just 0.1x NAV compared to copper producing peers at 0.7x NAV.

Investment Summary

Trigon Metals engages in the acquisition, exploration, development, and maintenance of mines in Africa. The company holds an 80% interest in its flagship project, the Kombat Mine Property, which consists of five mining licenses that covers 1,219 hectares and one prospecting license in Northern Namibia. The Company is based out of Toronto, Canada.

Company Description

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Trigon Metals: 
Research Flash
September 19, 2024
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Trigon Metals: 
Research Note
September 21, 2023

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