Silver Streaming
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ExGen signs second LoI for silver stream acquisition on South American gold mine
Yahoo Finance· 2025-12-26 09:16
Core Viewpoint - ExGen Resources has secured a second silver stream tied to a former gold mine in South America, effectively doubling its silver streaming interest at the site [1][2]. Group 1: Agreement Details - ExGen has paid $500,000 for a 33.3% silver stream on the first 333,333 ounces of silver produced from the property, with a 16.7% silver stream on additional production beyond that threshold [2]. - For deliveries under Silver Stream 2, ExGen will pay PrivateCo 20% of the spot silver price as quoted on a mutually agreed major exchange [2]. Group 2: Future Projections - Starting in Q2 of 2027, PrivateCo is required to deliver a minimum of 4,200 ounces of silver to ExGen each calendar quarter [3]. - If PrivateCo fails to meet this quarterly minimum, it will compensate ExGen with the equivalent value in gold [4]. Group 3: Strategic Positioning - ExGen's CEO stated that securing two silver streams builds a strong foundation for potential future cash flow, positioning the company to capitalize on silver price momentum and drive long-term value [3]. - ExGen will have the right of first participation in any future streaming or royalty deals that PrivateCo undertakes on the property [4].
ExGen Signs Another Binding LOI to Acquire a Second Silver Stream on Past-Producing Gold Mine
Globenewswire· 2025-12-24 22:24
Core Viewpoint - ExGen Resources Inc. has entered into a binding letter of intent to acquire a second silver stream on a past-producing gold mine in South America, which will double its aggregate silver stream on the property [1][3]. Acquisition Details - The company paid US$500,000 for a 33.3% silver stream on the first 333,333 ounces of silver produced and an additional 16.7% on any further silver produced from the property [2]. - The binding LOI stipulates that PrivateCo must deliver a minimum of 4,200 ounces of silver to ExGen each calendar quarter starting from the second quarter of 2027 [6]. Strategic Positioning - The CEO of ExGen stated that securing two silver streams positions the company to capitalize on silver price momentum and build a foundation for future cash flow [3]. - ExGen aims to maintain preferential rights to participate in any future streaming or royalty transactions by PrivateCo on the property [6]. Company Overview - ExGen is a project accelerator focused on funding exploration and development through joint ventures and partnerships, which reduces technical and financial risks while maintaining upside exposure [5]. - The company currently has nine projects in Canada and the US, four NSR royalties in British Columbia, and two silver streams in South America [5].