Silver Mining
Search documents
Apollo Silver (APGO) (APGOF); Right Assets, Right Management and Right Time
Newsfile· 2025-07-10 11:00
Company Overview - Apollo Silver Corp. is focused on acquiring significant silver assets and has recently appointed Ross McElroy as President and CEO to enhance its management team and shareholder value [1][5][21] - The company currently has two main projects: the Calico Project in California and the Cinco de Mayo Project in Mexico, with a total cash reserve of $11 million as of June 2025 [5][15] Management Expertise - Ross McElroy brings over 38 years of mining industry experience, having previously led Fission Uranium to a successful acquisition valued at $1.14 billion [3][21] - Andy Bowering, former CEO and now Chairman, has a history of successful exits and emphasizes the importance of attracting top talent to drive Apollo's growth [4][5] Calico Project - The Calico Project is one of the largest undeveloped primary silver deposits in the U.S., with a recent mineral resource estimate showing 110 million ounces of silver in the Measured and Indicated category [9][7] - Apollo has expanded the Calico land package by over 285%, increasing it from 1,194 hectares to 3,409 hectares, which enhances exploration potential [10][12] - The project has a low strip ratio of 1.1:1, which aligns with environmental concerns and optimizes operations [12] Exploration and Resource Development - Apollo aims to continue resource growth and conversion at the Calico Project, with plans to extend drill permits and advance towards production [14] - The company is also exploring the potential to add barite to its resource updates, which could contribute to project economics due to its designation as a critical mineral [13] Cinco de Mayo Project - The Cinco de Mayo Project consists of 29 concessions totaling over 25,000 hectares, with a historical resource of approximately 154 million ounces of silver equivalent [15][16] - Apollo has entered into an exploration agreement with MAG Silver Corp. to acquire the project, focusing on establishing a social license for exploration activities [16][17] - The project features an underground mine, aligning with current environmental narratives against open-pit mining [19] Strategic Focus - Apollo's strategy is to maximize shareholder value by focusing on exploration in mining jurisdictions with historic silver production and limited modern exploration [20] - The management team has a strong track record in M&A activity, having been involved in over $5 billion of transactions [21][22]
Aya Gold & Silver Reports High-Grade Boumadine Exploration Results, Expands Imariren to 1km and Identifies New High-Grade Asirem Zone to the West
Globenewswire· 2025-07-07 11:00
Core Insights - Aya Gold & Silver Inc. has announced new high-grade drill exploration results from its 2025 program at Boumadine, Morocco, confirming high-grade continuity along the Boumadine Main Trend and extending the Imariren mineralized trend to 1 kilometer [1][11][18] - The company has identified a new mineralized high-grade at-surface zone, the Asirem zone, to the west of the Boumadine Main Trend, indicating significant resource growth potential [1][4][13] Exploration Results - A total of 79,732 meters of drilling has been completed in 2025, including 148 diamond drill holes, 31 reverse circulation holes, and 15 multi-purpose drill holes [10] - Significant intercepts include: - BOU-MP25-038: 258 g/t AgEq over 3.3 meters, including 563 g/t AgEq over 1.3 meters [5][6] - BOU-MP25-028: 286 g/t AgEq over 4.3 meters, including 460 g/t AgEq over 2.1 meters [5][6] - BOU-DD25-503: 876 g/t AgEq over 1.0 meter [5][6] - BOU-DD25-529: 365 g/t AgEq over 2.0 meters [5][6] Mineralization Characteristics - The main mineralization typically measures 1 to 4 meters wide, with some areas exceeding 10 meters, consisting mainly of massive sulphide lenses/veins [12] - The mineralized structure can be traced over 9 kilometers within the new western exploration permits, supporting future exploration potential [13][18] Future Plans - The company plans to execute a drilling program of 100,000 to 140,000 meters, focusing on extending known mineralization trends and conducting greenfield exploration [18] - The ongoing geological work will guide further development activities, aiming to advance the project towards a preliminary economic assessment [18]
Pan American Silver (PAAS) Crossed Above the 20-Day Moving Average: What That Means for Investors
ZACKS· 2025-07-03 14:36
Core Viewpoint - Pan American Silver (PAAS) is showing potential for a bullish trend following a recent technical breakout and positive earnings estimate revisions [1][4]. Technical Analysis - PAAS has recently surpassed the 20-day moving average, indicating a short-term bullish trend [1][2]. - The stock has rallied 8.2% over the past four weeks, suggesting upward momentum [4]. Earnings Estimates - There have been 7 upward revisions for PAAS's earnings estimates for the current fiscal year, with no downward revisions, indicating strong investor confidence [4][5]. - The consensus estimate for earnings has also increased, further supporting the bullish outlook for PAAS [4].
Kuya Silver Announces AGM Results and Appointment of Three New Directors
Newsfile· 2025-06-30 12:00
Core Points - Kuya Silver Corporation held its Annual General and Special Meeting of Shareholders on June 26, 2025, where all proposed matters were approved, including the appointment of new directors and the auditor [1][2] - The company welcomed three new independent directors: Gene McBurney, Lisa Wilkinson, and Sandro Ferrarone, enhancing the board's expertise in mining operations and corporate governance [3][8] - The company operates the Bethania silver mine in Peru and is focused on developing district-scale silver projects in mining-friendly jurisdictions [9] Summary by Category Shareholder Meeting Results - All matters put forward to shareholders were approved, including the appointment of Davidson & Company LLP as the auditor until the next annual meeting [2] - Shareholders ratified the 10% rolling equity incentive plan, which requires re-approval by June 27, 2028 [2] New Directors - Gene McBurney has over 25 years of investment banking experience and co-founded GMP Securities, contributing significant expertise in resource sectors [4] - Lisa Wilkinson has over 20 years in investor relations and corporate communications, currently serving as Vice President at Centerra Gold [5] - Sandro Ferrarone is Vice President and Country Manager for Coeur Mining in Mexico, with extensive international mining experience [6] Company Overview - Kuya Silver is a Canadian-based mining company focused on silver, operating the Bethania silver mine in Peru [9]
Silver AISC at Multi-Year Low for PAAS: Can It Sustain These Levels?
ZACKS· 2025-06-26 13:45
Core Insights - Pan American Silver Corp. (PAAS) reported a significant decrease in All-in Sustaining Costs (AISC) for its silver segment in Q1 2025, with AISC at $13.94, a 16% reduction year-over-year and well below the guidance of $21.00-$22.25 [1][9] Cost Performance - The year-over-year improvement in AISC was primarily driven by cost reductions at key mines, particularly at La Colorada, where AISC fell 29% to $19.72 per ounce due to enhanced ventilation conditions [2] - The Cerro Moro mine achieved a negative AISC of $4.40 per ounce, a significant improvement from $6.43 in Q1 2024, attributed to higher gold by-product credits and increased gold prices [3] - At the Huaron mine, AISC decreased by 6% to $13.09 per ounce, benefiting from lower treatment and refining charges and higher by-product credits from zinc and lead [3] Future Outlook - For 2025, PAAS anticipates the silver segment's AISC to be between $16.25 and $18.25 per ounce, indicating an improvement from the $18.98 per ounce in 2024, supported by ongoing cost benefits from La Colorada's ventilation upgrades and increased gold by-product credits from Cerro Moro [4] - The planned acquisition of MAG Silver Corp. could further reduce costs, as the Juanicipio project is expected to have an AISC between $6.00 and $8.00 per ounce in 2025 [5] Peer Comparison - First Majestic Silver (AG) reported an 11% year-over-year decline in AISC per silver equivalent ounce to $19.24 in Q1 2025, driven by the acquisition of Cerro Los Gatos, which added 2.3 million silver equivalent ounces of production [6][7] Stock Performance and Valuation - Year-to-date, PAAS shares have increased by 41.8%, outperforming the industry growth of 31.3% and the Basic Materials sector's rise of 9% [8] - PAAS is currently trading at a forward 12-month price-to-earnings multiple of 17.10X, slightly below the industry average of 18.02X [10] Earnings Estimates - The consensus estimate for PAAS's 2025 earnings is $1.52 per share, reflecting a year-over-year increase of 92.4%, with a 2026 estimate of $1.93, indicating a 27.2% rise [11]
Aya Gold & Silver Launches Drill Exploration Program at Zgounder Far East and Adds 6 New Regional Permits
Globenewswire· 2025-06-26 11:00
MONTREAL, June 26, 2025 (GLOBE NEWSWIRE) -- Aya Gold & Silver Inc. (TSX: AYA; OTCQX: AYASF) (“Aya” or the “Corporation”) is pleased to announce high-grade silver results from its ongoing drill exploration program at the Zgounder Silver Mine and the start of its drill exploration program in the Far East permits in the Kingdom of Morocco. The Corporation has also acquired six (6) new permits to the north, expanding the Zgounder exploration footprint by 11.9% to over 452.7 square kilometers (“km2”). Highlights ...
OTC Markets Group Welcomes Santacruz Silver Mining Ltd. to OTCQX
Globenewswire· 2025-06-26 11:00
NEW YORK, June 26, 2025 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced Santacruz Silver Mining Ltd. (TSX-V: SCZ; OTCQX: SCZMF), which engages in the operation, acquisition, exploration, and development of mineral properties in Latin America, has qualified to trade on the OTCQX® Best Market. Santacruz Silver Mining Ltd. upgraded to OTCQX from the OTCQB® Venture Market. Santacruz Silver Mining Ltd. b ...
Rio Silver Announces Results of Annual General Meeting, Amends Purchase Agreement for Maria Norte
Globenewswire· 2025-06-25 13:00
Core Points - Rio Silver Inc. received shareholder approval for all matters at the annual general meeting held on June 19, 2025 [2] - The approved resolutions included the election of directors, ratification of the auditor for the year ended December 31, 2024, reapproval of the equity incentive plan, and a share consolidation on a one-new-for-five-old basis [2] - The company amended its purchase agreement for the Maria Norte mining property, eliminating royalty provisions in exchange for a one-time cash payment of US$ 22,500 [3] - The board believes the share consolidation is essential for future corporate development and financing opportunities [3] - The CEO emphasized the company's commitment to sustainability and the potential of the Maria Norte property, which is adjacent to active mine production [3] - Rio Silver is focused on precious and base metal properties in Peru and is also interested in its Ontario Gerow Lake project [5] - The transaction allows the company to pursue planned acquisitions that could lead to near-term cash flow production [5] Company Overview - Rio Silver Inc. is a Canadian exploration and development company with significant insider ownership, primarily focused on opportunities in Peru [5] - The company is optimistic about the supportive mining policies in Peru and the ongoing investment in the region [4]
Aya Gold & Silver Reports May Silver Production
Globenewswire· 2025-06-25 11:00
MONTREAL, June 25, 2025 (GLOBE NEWSWIRE) -- Aya Gold & Silver Inc. (TSX: AYA; OTCQX: AYASF) (“Aya” or the “Corporation”) is pleased to report silver production for the month of May at its Zgounder Silver Mine located in the Kingdom of Morocco. May Production Metrics Production Metrics Q1-2024Q1-2025April 2025May 2025Silver productionoz366,3621,068,652345,550353,879Tonnage processedkt81,331249,74390,76391,077Silver recovery%<td style="border-top: so ...
Aya Gold & Silver Closes Credit Facility with the EBRD to Support Boumadine Development
Globenewswire· 2025-06-23 11:00
MONTREAL, June 23, 2025 (GLOBE NEWSWIRE) -- Aya Gold & Silver Inc. (TSX: AYA; OTCQX: AYASF) ("Aya" or the "Company") is pleased to announce the closing of the previously announced US$25 million credit facility with the European Bank for Reconstruction and Development ("EBRD") to support the advancement of development work at its Boumadine polymetallic project located in the Draa-Tafilalet region in the Kingdom of Morocco. This marks the third transaction between Aya and EBRD in support of Aya's strategic pl ...