Tinka Resources director Pieter Britz resigns from board

Published 12/03/2025, 21:42
Tinka Resources director Pieter Britz resigns from board

VANCOUVER - Tinka Resources Limited (TSXV:TK)(BVL:TK)(OTCQB:TKRFF), a mining exploration and development company with a market capitalization of $17 million, announced today the resignation of Mr. Pieter Britz from its board of directors. Mr. Britz has also withdrawn his candidacy for re-election at the upcoming annual general and special meeting of shareholders scheduled for March 26, 2025.

Mr. Britz, who was nominated by Sentient Resources, has served on the Tinka board since January 2018. The company credits him with being a valuable asset during his tenure. In a statement issued by Tinka, Dr. Graham Carman, President and CEO, expressed gratitude for Mr. Britz’s contributions and wished him well in his future endeavors. The reason given for Mr. Britz’s departure is to allow him to concentrate on his ongoing work commitments with Sentient Resources funds and associated investments.

Tinka Resources is focused on its flagship Ayawilca zinc-silver-tin project in central Peru. The project boasts significant mineral resource estimates, including an indicated resource in the Zinc Zone and inferred resources in both the Silver and Tin Zones. The company has previously filed a technical report on an updated Preliminary Economic Assessment (PEA) for the Ayawilca Project on April 15, 2024. According to InvestingPro analysis, the company maintains a strong liquidity position with a current ratio of 9.29 and more cash than debt on its balance sheet. Discover 10+ additional exclusive insights about Tinka Resources with an InvestingPro subscription.

The company’s press release also contained forward-looking statements regarding the completion of strategic reviews and planned work programs. These statements reflect the current views of Tinka’s management regarding future events and are subject to risks, uncertainties, and assumptions. Trading at just 0.32 times book value and currently showing signs of undervaluation according to InvestingPro Fair Value metrics, the stock has experienced a significant decline of over 50% in the past six months, though analysts project profitability for the company this year.

Investors are reminded that forward-looking statements are not guarantees of future performance, and actual results may differ materially due to various factors, including changes in market conditions, geological variations, and the political environment. Tinka has made it clear that it does not intend to update any forward-looking statement unless required by securities laws.

This news is based on a press release statement from Tinka Resources Limited.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.