InvestSMART

Polymetals Resources Ltd (ASX:POL)

ALERT: Price-sensitive ASX Announcement for POL
Current share price for POL : $0.780 -0.465 (-37.35%)+
Announcement
Release
31 Oct 2025 9:01AM
Price at Release
$1.245
Full Release
download
Summary
Polymetals Resources Ltd announced a tragic incident at its Endeavor Silver Zinc Mine in Cobar, NSW on 28 October 2025, where two employees, Patrick McMullen and Holly Clarke, lost their lives during a shot firing preparation underground. The company expressed profound sadness and extended condolences to the families and colleagues of the victims. Immediate suspension of all operations occurred, and investigations are underway with the authorities to determine the cause. Support is being provided to the affected families and colleagues, and operations are planned to resume in stages starting 5 November 2025, with ongoing counseling for staff. Polymetals emphasizes its commitment to the safety and well-being of its team as its highest operational priority.
Key Points
  • Significant incident at the Endeavor Mine involving fatalities.
  • Immediate suspension of all operations at the site.
  • Investigation into the cause of the incident is ongoing.
  • Support extended to affected families and colleagues.
  • Planned staged resumption of operations starting 5 November 2025.
  • Polymetals' commitment to safety and well-being as a priority.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.