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Aya Gold & Silver Closes Credit Facility with the EBRD to Support Boumadine Development
Globenewswireยท 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 ...
More Than a Monetary Metal: Silver's Case for Outperformance
MarketBeatยท 2025-06-22 12:47
Core Argument - The silver sector is gaining attention as a potentially more explosive investment opportunity compared to gold, driven by unique fundamentals and increasing demand for green technology [1][2]. Industry Overview - Silver serves as an industrial workhorse, with over 50% of annual consumption linked to industrial applications, making it essential for sectors like photovoltaic cells and electric vehicles [3]. - The silver market is facing a structural supply deficit for the fifth consecutive year, where demand consistently exceeds supply from mining and recycling, providing strong price support [4]. - Favorable macroeconomic trends, including potential interest rate cuts by the U.S. Federal Reserve and a downtrend in the U.S. dollar, are expected to boost silver demand [5][6]. Investment Opportunities - The Gold/Silver ratio remains above historical averages, suggesting that silver may be undervalued compared to gold, indicating potential for price appreciation [7]. - Direct exposure to silver can be achieved through investment vehicles like the iShares Silver Trust, which has shown a year-to-date net asset value total return of approximately 33% [11][12]. - Mining companies such as First Majestic Silver and Pan American Silver present opportunities for leveraged returns, with First Majestic benefiting from significant revenue leverage to silver prices and Pan American pursuing strategic acquisitions to enhance its portfolio [14][17].
Aya Gold & Silver Announces Results of Annual General Meeting of Shareholders
Globenewswireยท 2025-06-20 21:00
Group 1 - Aya Gold & Silver Inc. announced the election of all nominees listed in the management proxy circular as directors during its annual general meeting of shareholders, with 69,658,145 common shares (53.23% of issued shares) represented [1] - The voting results for each director nominee showed high approval rates, with John Burzynski receiving 99.92% votes for and Benoit La Salle receiving 85.71% votes for [1] - Aya Gold & Silver Inc. is a rapidly growing silver producer based in Canada, operating the high-grade Zgounder Silver Mine in Morocco and exploring properties along the South-Atlas Fault [2] Group 2 - The management team of Aya is focused on maximizing shareholder value by integrating sustainability into its operations, governance, and financial growth plans [3]
Aya Gold & Silver Announces Results of Annual General Meeting of Shareholders
GlobeNewswire News Roomยท 2025-06-20 21:00
Group 1 - Aya Gold & Silver Inc. announced the election of all nominees listed in the management proxy circular as directors during its annual general meeting of shareholders, with 69,658,145 common shares or 53.23% of the issued and outstanding shares represented [1] - The voting results for each director nominee showed high approval rates, with John Burzynski receiving 99.92% of votes for, and Benoit La Salle receiving 85.71% [1] - Aya Gold & Silver Inc. is a rapidly growing silver producer based in Canada, operating the high-grade Zgounder Silver Mine in Morocco and exploring properties along the South-Atlas Fault [2] Group 2 - The management team of Aya is focused on maximizing shareholder value by integrating sustainability into its operations, governance, and financial growth plans [3]
Kuya Silver Announces LOI for US$5 Million Royalty Partnership with Silver Crown Royalties Inc.
Newsfileยท 2025-06-19 11:00
Core Viewpoint - Kuya Silver Corporation has signed a Letter of Intent with Silver Crown Royalties Inc. to raise USD 5 million through a royalty agreement on silver production from the Bethania Silver Project, aimed at strengthening its balance sheet and accelerating production and exploration efforts [1][4]. Financial Details - The transaction involves a payment of USD 5 million, comprising USD 3 million in cash and USD 2 million in Silver Crown units, which will grant Silver Crown a 4.5% royalty on silver production until 475,000 ounces are delivered, after which the royalty will decrease to 1% for the mine's life [2][3]. Production Commitments - Kuya Silver is committed to delivering a minimum of 4,500 ounces of silver quarterly for the first year, increasing to 9,000 ounces per quarter for the next four quarters, and then 12,375 ounces quarterly until the total of 475,000 ounces is reached [3]. Strategic Implications - The funds raised will support the acceleration of production towards a Phase 1 target of 350 tonnes per day and will also facilitate exploration programs across the district-scale property, all without issuing new shares of Kuya Silver [4]. Company Overview - Kuya Silver Corporation is a Canadian-based mining company focused on silver, operating the Bethania silver mine in Peru and developing additional silver projects in mining-friendly jurisdictions such as Peru and Canada [5].
Silver Crown Royalties Executes LOI with Kuya Silver for a Silver Royalty on the Bethania Silver Project
Thenewswireยท 2025-06-19 07:00
Core Points - Silver Crown Royalties Inc. has signed a Letter of Intent with Kuya Silver Corp. to acquire a 4.5% royalty on silver produced from the Bethania Silver Mine in Peru [1][3] - The Bethania Silver Mine resumed production in May 2024 and was previously operational until 2016 [2] - The acquisition will involve a payment of US$3,000,000 in cash and US$2,000,000 in Silver Crown units, with each unit priced at C$6.50 [3] - Silver Crown will receive varying amounts of silver over time, starting with 4,500 ounces per quarter for the first year, increasing to 12,375 ounces per quarter for the subsequent years, before reducing to 1% royalty after 475,000 ounces [4] - The partnership is expected to significantly increase Silver Crown's annual silver revenue from 78,000 to over 128,000 ounces [5] Company Overview - Silver Crown Royalties Inc. is a publicly traded silver royalty company with four silver royalties, three of which are revenue-generating [5] - The company's business model provides investors with exposure to precious metals while minimizing the impact of cost inflation associated with production [5]
Aya Gold & Silver Closes Bought Deal Offering with Full Exercise of Over-Allotment Option for Gross Proceeds of $143.8 Million
Globenewswireยท 2025-06-18 13:24
Core Viewpoint - Aya Gold & Silver Inc. has successfully closed an upsized underwritten public offering of common shares, raising approximately $143.75 million at a price of $13.35 per share, including the full exercise of the over-allotment option [1][4]. Group 1: Offering Details - The offering was led by Desjardins Capital Markets as the sole bookrunner, with National Bank Financial Inc. and BMO Capital Markets as co-lead underwriters, supported by a syndicate of other underwriters [2]. - The offering was completed through a prospectus supplement to the short form base shelf prospectus dated June 10, 2025, which was filed on June 12, 2025 [4]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized to advance the exploration program at Boumadine, the exploration program at Zgounder Regional, and for working capital and general corporate purposes [3]. Group 3: Company Position - Following the financing, the company is in its strongest liquidity position to date, allowing it to unlock the value of the Boumadine project while maintaining strong operational performance at Zgounder [4]. - Aya Gold & Silver Inc. is a rapidly growing silver producer based in Canada, operating the high-grade Zgounder Silver Mine in Morocco and exploring properties along the South-Atlas Fault [6].
Minaurum Announces Appointment of Senior Resource Development and Operating Team at Alamos Silver Project
Newsfileยท 2025-06-17 12:30
Core Viewpoint - Minaurum Gold Inc. has appointed Mr. Ruben Molina as Senior Project Manager for the Alamos Silver Project, enhancing its exploration capabilities in silver mining [1][4]. Company Developments - Mr. Molina has a strong background in Mexican silver exploration, previously serving as a Senior Resource Modeler for SilverCrest Metals, which was acquired by Coeur Mining for $1.7 billion [1][8]. - Three additional experienced geologists from SilverCrest Metals will join Mr. Molina, bringing a total of 39 years of exploration and resource evaluation experience to the Alamos project [2]. Team Expertise - The team has collectively participated in over 500,000 meters of drilling across various exploration programs, contributing to the development of significant silver-gold deposits [3]. - Mr. Molina's previous roles included critical contributions to drill-target generation, resource modeling, and geological interpretation, showcasing his expertise in the field [3]. Strategic Impact - The appointment of Mr. Molina and his team is expected to significantly advance the geological understanding and drill targeting at the Alamos Silver Project, particularly with the recent identification of a stacked vein system [4].
Kootenay Silver Delivers Maiden Resource Estimate of 54 Moz at 284 gpt Silver, Highlighting High-Grade Potential at Columba Project
Prnewswireยท 2025-06-17 10:00
Mr. McDonald adds; "Congratulations to our team for their high standard of work, diligence and attention to detail and for taking Columba from a property exam to a negotiation of concession ownership, to surface access agreements, to discovery, and now the maiden resource. We believe this resource is just the first step in defining the true extent of the mineralized system at Columba and remain focused on advancing exploration. We will continue with step out drilling of several kilometers of undrilled veins ...
Mirasol Signs MOU for the Sale of the Virginia Silver Project and Landholdings in Argentina for US$8 Million Plus 2% NSR Royalty
Globenewswireยท 2025-06-16 11:00
VANCOUVER, British Columbia, June 16, 2025 (GLOBE NEWSWIRE) -- Mirasol Resources Ltd. (TSX-V: MRZ) (OTC: MRZLF) (the "Company" or "Mirasol") is pleased to report the signing of a Memorandum of Understanding ("MOU") under which Mirasol grants Ampere Metals Pty. Ltd. ("Ampere Metals") an exclusive right to enter into a definitive agreement (the "Definitive Agreement") to acquire the mineral rights and landholdings within Mirasol's 100% owned Virginia Silver Project ("Virginia" or the "Deposit") located in the ...