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REPEAT – Aya Gold & Silver Categorically Rejects the Erroneous and Misleading Allegations Made Against the Company
Globenewswire· 2025-09-26 11:00
Core Viewpoint - Aya Gold & Silver Inc. strongly refutes the claims made in a short-seller report, asserting that the allegations are misleading and intended to benefit the short seller at the expense of shareholders [1][2]. Group 1: Resource and Production - Aya has produced over 10 million ounces of silver since 2020, with production consistently reconciling against published resource estimates, reinforcing the reliability of its resource base [6]. - The March 2021 resource model was supported by 76,000 meters of drilling, which increased to 121,500 meters by December 2021, and further expanded by an additional 231,000 meters from December 2021 to June 2025, enhancing confidence in the resource base [6]. - The mineral resource estimate for Zgounder has been prepared and verified by independent Qualified Persons, confirming the credibility of Aya's resource estimates [4][6]. Group 2: Financial Strength and Growth Plans - Aya has a robust balance sheet with approximately US$115 million in cash and generates operating cash flow from Zgounder, allowing for self-funding of growth initiatives [5][6]. - An updated technical report for Zgounder is expected to be published before year-end 2025, which will include a new mine plan incorporating both open-pit and underground operations [5][7]. - A Preliminary Economic Assessment for Boumadine is also on track for release before year-end, indicating ongoing growth potential [5][6]. Group 3: Management and Governance - The management team is focused on maximizing shareholder value through sustainable operations and rigorous governance [10][11]. - Aya emphasizes transparency and independent third-party verification in its operations, aiming to build long-term value for shareholders [7][8].
Aya Gold & Silver Categorically Rejects the Erroneous and Misleading Allegations Made Against the Company
Globenewswire· 2025-09-25 23:22
Core Viewpoint - Aya Gold & Silver Inc. strongly refutes the claims made in a short-seller report, asserting that the allegations are misleading and intended to benefit the short seller at the expense of shareholders [1][2]. Group 1: Resource and Operations - Aya has produced over 10 million ounces of silver since 2020, with production aligning with reserve estimates, reinforcing the reliability of its resource base [7]. - The resource model for Zgounder has been supported by extensive drilling, with a total of 121,500 meters completed by December 2021 and an additional 231,000 meters from December 2021 to June 2025, enhancing confidence in the resource base [7]. - The mineral resource estimate for Zgounder has been independently verified by P&E Mining Consultants Inc. in compliance with National Instrument 43-101 [4][7]. Group 2: Financial Strength - Aya maintains a robust balance sheet with approximately US$115 million in cash, allowing the company to self-fund growth initiatives and invest in the Boumadine project [6][7]. - The company generates operating cash flow from Zgounder, which supports its financial stability and growth plans [6][8]. Group 3: Future Developments - An updated technical report for Zgounder is expected to be published before the end of 2025, which will include a new mine plan incorporating both open-pit and underground operations [5][8]. - A Preliminary Economic Assessment (PEA) for Boumadine is also on track for release before year-end, indicating ongoing development and exploration efforts [7]. Group 4: Management and Governance - Aya's management is focused on maximizing shareholder value through sustainable operations and rigorous governance practices [12]. - The company emphasizes transparency and alignment with shareholders, rejecting irresponsible speculation and standing by its operational integrity [8][9].
Aya Gold & Silver Categorically Rejects the Erroneous and Misleading Allegations Made Against the Company
Globenewswire· 2025-09-25 23:22
Core Viewpoint - Aya Gold & Silver Inc. strongly refutes the claims made in a short-seller report, asserting that the allegations are misleading and intended to benefit the short seller at the expense of shareholders [1][2]. Group 1: Resource and Operations - Aya has produced over 10 million ounces of silver since 2020, with production aligning with reserve estimates, reinforcing the reliability of its resource base [7]. - The resource model for Zgounder has been supported by extensive drilling, with a total of 121,500 meters completed by December 2021 and an additional 231,000 meters from December 2021 to June 2025, enhancing confidence in the resource base [7]. - The mineral resource estimate for Zgounder has been independently verified by P&E Mining Consultants Inc. in compliance with National Instrument 43-101 [4][7]. Group 2: Financial Strength - Aya maintains a robust balance sheet with approximately US$115 million in cash and generates operating cash flow from Zgounder, allowing for self-funding of growth initiatives [6][7]. - The company is on track to release a Preliminary Economic Assessment for Boumadine before year-end, indicating ongoing investment in growth opportunities [7]. Group 3: Future Developments - An updated technical report for Zgounder is expected to be published before year-end, which will include a new mine plan integrating both open-pit and underground operations [5][8]. - Recent drilling continues to confirm extensions at Zgounder, while Boumadine is advancing as a tier-one growth asset, showcasing the company's commitment to long-term value creation [8].
BMO Capital Lifts Its PT on Vizsla Silver Corp. (VZLA) to $6.00, Keeps an ‘Outperform’ Rating
Yahoo Finance· 2025-09-25 00:36
Core Insights - Vizsla Silver Corp. (NYSE:VZLA) is recognized as one of the 10 Best Debt Free Small Cap Stocks to buy now [1] - BMO Capital has raised its price target for Vizsla Silver Corp. from $5.00 to $6.00 while maintaining an 'Outperform' rating [2] - The company's stock has experienced a significant year-to-date gain of 147.02% [3] Financial Developments - Vizsla Silver Corp. has executed a mandate letter for a senior project finance facility of up to $220 million to support the development of its flagship Panuco project [3] - The company expects to fund development costs and aims to complete the feasibility study for the Panuco project by the end of 2025, supported by approximately $200 million in cash following a June equity raise [4] Business Focus - Vizsla Silver Corp. is engaged in the acquisition, exploration, and development of mineral resource properties in Canada and Mexico [4]
Outcrop Silver Announces $20 Million Public Offering
Globenewswire· 2025-09-24 21:40
Core Viewpoint - Outcrop Silver & Gold Corporation has announced a public offering of units to raise up to $20 million, aimed at funding exploration and drilling at its Santa Ana project in Colombia [1][4]. Offering Details - The offering consists of units priced at $0.35 each, with each unit comprising one common share and one-half of a common share purchase warrant [2]. - Each warrant allows the holder to purchase one common share at an exercise price of $0.55 for 24 months, with provisions for early expiry if the share price exceeds $0.75 for 20 consecutive trading days [2]. Agents and Fees - BMO Capital Markets is the sole bookrunner, with Research Capital Corporation as co-lead agent, and they will receive a fee of 6.0% of the gross proceeds from the offering [3][4]. Use of Proceeds - The net proceeds from the offering will be allocated for exploration and drilling at the Santa Ana project, as well as for general working capital [4]. Regulatory Approvals - The closing of the offering is anticipated around October 3, 2025, pending necessary regulatory approvals, including from the TSX Venture Exchange [5]. Company Overview - Outcrop Silver is focused on advancing its Santa Ana high-grade silver project in Colombia, emphasizing responsible mining practices and community engagement [7][8]. - The company aims to expand its mineral resources through strategic exploration initiatives, leveraging its experienced team [8].
Stroud Resources Ltd Announces Appointment of Director and Issuance of Stock Options
Globenewswire· 2025-09-24 20:09
TORONTO, Sept. 24, 2025 (GLOBE NEWSWIRE) -- Stroud Resources Ltd. ("Stroud" or the "Company") (TSX: SDR) is pleased to announce the appointment of Mr. Conor O’Brien to the Board of Directors (the "Board") as an independent non-executive director. Jeff Kennedy, Chairman of the Board of the Company, commented, "On behalf of the Board, I would like to welcome Conor to the Stroud team. Conor's financial expertise and experience in the capital markets sector will be an asset to our Board." Mr. O’Brien is a seaso ...
Avino Silver Stock Hits 52-Week High: What's Driving Its Performance?
ZACKS· 2025-09-24 18:36
Key Takeaways Avino Silver reached a 52-week high of $4.90 before closing at $4.54.ASM gained full ownership of La Preciosa, boosting control and lowering costs.Q2 EPS rose to 6 cents, with revenues up 47% to $22M on higher prices and output. Avino Silver & Gold Mines Ltd. (ASM) scaled a new 52-week high of $4.90 yesterday before ending the session at $4.54. The upside was driven by the news of ASM’s inclusion in the Global Junior Gold Miners Index as well as record metal prices. Avino Silver currently has ...
Kingsmen Intersects 1,742 g/t Silver Equivalent over 0.7 Meters (190.85 - 191.55 m) in Its First Drill Program at Its Las Coloradas Silver Project, Chihuahua, Mexico
Newsfile· 2025-09-24 12:30
Kingsmen Intersects 1,742 g/t Silver Equivalent over 0.7 Meters (190.85 - 191.55 m) in Its First Drill Program at Its Las Coloradas Silver Project, Chihuahua, MexicoSeptember 24, 2025 8:30 AM EDT | Source: Kingsmen Resources LtdVancouver, British Columbia--(Newsfile Corp. - September 24, 2025) - Kingsmen Resources Ltd. (TSXV: KNG) (OTCQB: KNGRF) (FSE: TUY) ("Kingsmen" or the "Company") is pleased to report first assays from hole LC-25-010 that intersected significant mineralization. The hole w ...
Guanajuato Silver Makes Key Upgrades to Mining Fleet
Accessnewswire· 2025-09-24 11:15
VANCOUVER, BC / ACCESS Newswire / September 24, 2025 / Guanajuato Silver Company Ltd. (the "Company" or "GSilver") (TSXV:GSVR)(OTCQX:GSVRF) is pleased to provide information pertaining to significant mining fleet upgrades currently in process at the Company's El Cubo Mines Complex ("El Cubo") and Valenciana Mines Complex ("VMC") in Guanajuato, Mexico. ...
Endeavour (EXK) Touches Fresh Record as Silver Soars to New High
Yahoo Finance· 2025-09-23 18:14
Core Insights - Endeavour Silver Corp. (NYSE:EXK) has reached an all-time high in its stock price, driven by a surge in silver prices and increased investor interest in mining stocks [1][2] - The spot price of silver has risen by 2.27% to $44.06 per troy ounce, influenced by expectations of future interest rate cuts [2][3] Company Performance - Endeavour Silver produced 1.48 million ounces of silver and 7,755 ounces of gold in the first half of the year, totaling 2.5 million ounces of silver equivalent [3] - The company generated $85.3 million from the sale of 1.45 million ounces of silver and 7,706 ounces of gold, resulting in a 46% increase in revenues compared to the same period last year [4]