On market conditions, Cataford described the quarter as “pretty flat” for key benchmarks and logistics. The P65 index averaged about $118 per tonne , a slight increase of roughly 1%, while the premium for P65 over P62 decreased slightly and C3 freight rose about 2%.During the Q&A, management also addressed a ship loader issue at the Port of Sept-Îles that lasted about four to five days . Cataford said it was “annoying” and likely prevented an additional vessel sale during the quarter, but indicated operatio ...

Core Insights - Aftermath Silver Ltd has successfully completed the acquisition of the Berenguela project in southern Peru, now fully owned by the company [1][4] - The project is a significant silver-copper-manganese deposit, currently in its third phase of drilling, targeting exploration zones and future infrastructure [2][5] Acquisition Details - The acquisition process began in 2020, involving approximately $21 million Canadian in cash and shares, with complex legal work required for ownership transfer [4] - As of the end of December, Aftermath Silver holds 100% ownership of the Berenguela project, allowing for full control over the asset [4][8] Project Overview - The Berenguela project is a large deposit with potential for silver, copper, and manganese, all of which are currently experiencing high prices in the commodities market [5] - The company is focusing on drilling specific targets, including a copper zone on the eastern side and a copper-gold target in the southwest [6] Funding and Future Plans - Aftermath Silver raised about $20 million in December, providing full funding to advance engineering studies over the next 12 months [7] - The company aims to enhance the project's valuation in the market, leveraging its 100% ownership for strategic decisions regarding landholdings and associated costs [8]