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Defiance Silver Corp. Announces Brokered LIFE Offering for Gross Proceeds of up to C$8 Million
Newsfile· 2025-06-04 21:23
Core Viewpoint - Defiance Silver Corp. has announced a brokered private placement offering to raise gross proceeds of up to C$8 million through the sale of up to 32 million units at a price of C$0.25 per unit [1][2]. Group 1: Offering Details - Each unit will consist of one common share and one-half of a common share purchase warrant, with each whole warrant allowing the purchase of one common share at a price of C$0.35 within 24 months following the closing date [2]. - The company grants the agent an option to sell up to an additional 8 million units for additional gross proceeds of up to C$2 million [3]. - The offering is scheduled to close on June 17, 2025, subject to regulatory approvals [8][9]. Group 2: Use of Proceeds - The net proceeds from the offering will be used for exploration work on the company's projects, completing a mineral resource estimate at the San Acacio project, making cash option payments on the Tepal project, and providing general working capital [4]. Group 3: Regulatory Compliance - The units will be offered to purchasers in specific Canadian provinces under the Listed Issuer Financing Exemption, and may also be sold in offshore jurisdictions and the United States under applicable exemptions [5][7]. - All securities not issued under the Listed Issuer Financing Exemption will be subject to a hold period of four months and one day following the closing date [7]. Group 4: Company Overview - Defiance Silver Corp. is focused on advancing the Zacatecas project and the Tepal Gold/Copper Project in Mexico, managed by a team with a proven track record in mine development [11].
Does Pan American Silver (PAAS) Have the Potential to Rally 29.05% as Wall Street Analysts Expect?
ZACKS· 2025-05-30 15:00
Pan American Silver (PAAS) closed the last trading session at $24.20, gaining 0.7% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $31.23 indicates a 29.1% upside potential.The mean estimate comprises nine short-term price targets with a standard deviation of $4.44. While the lowest estimate of $26 indicates a 7.4% increase from the current price level, the most optimistic analyst ...
Silver Stocks and the Land Grab for Silver Assets
Newsfile· 2025-05-29 11:00
Core Viewpoint - The silver mining sector is experiencing a land acquisition trend driven by strong demand and a supply deficit since 2021, with companies like Apollo Silver Corp. actively expanding their land packages and developing projects to increase production [4][20]. Company Summaries Apollo Silver Corp. - Apollo Silver Corp. has acquired 2,215 hectares of claims, known as the Mule claims, which expands its Calico Project land package by over 285%, increasing it from 1,194 hectares to 3,409 hectares [8][10]. - The Mule claims are strategically located along the mineralized Calico Fault System, which has shown potential for high-grade silver targets identified by previous operators [5][10]. - Preliminary mapping and sampling have indicated several strong silver and gold anomalies, with assay peaks reaching 14.10 g/t Au and 20.70 g/t Ag [9][10]. - The company plans to conduct follow-up exploration programs to further evaluate the potential of the newly acquired claims [10]. Pan American Silver Corp. - Pan American Silver Corp. announced a definitive agreement to acquire MAG Silver Corp. for approximately $2.1 billion, which includes $500 million in cash and shares, representing premiums of about 21% to 27% over MAG's recent share prices [12][13]. - The acquisition will enhance Pan American's portfolio with the high-grade Juanicipio mine, which is expected to significantly increase its exposure to silver production [13][20]. - Existing MAG shareholders will own approximately 14% of Pan American's shares post-acquisition, benefiting from a larger, diversified silver and gold producer [12]. Dolly Varden Silver Corporation - Dolly Varden Silver Corporation has completed the acquisition of the Kinskuch Property for $5 million, significantly increasing the size of its Kitsault Valley Project to approximately 77,000 hectares [15][16]. - The Kinskuch Property is adjacent to the Kitsault Valley Project and is considered highly prospective for silver, gold, and copper mineralization [15][16]. First Majestic Silver Corp. - First Majestic Silver Corp. completed its acquisition of Gatos Silver, integrating a high-quality, long-life operation into its portfolio, with Gatos Silver now a wholly-owned subsidiary [19][20]. - The merger received overwhelming shareholder approval, with approximately 98.44% of First Majestic's shareholders and 99.23% of Gatos Silver's stockholders voting in favor [18][20].
Silver North Reviews Tim Drill Program Results & 2025 Plans
Thenewswire· 2025-05-26 12:00
Core Insights - Silver North Resources Ltd. has reported successful results from the 2024 drilling campaign at the Tim Project, confirming the presence of a Carbonate Replacement Deposit (CRD) style system [2][6] - Coeur Silvertip Holdings, Ltd. is executing and funding the exploration under an option agreement, which allows Coeur to earn an initial 51% interest in the Tim Project, potentially increasing to 80% [1][8] - The best drill intercept from the 2024 program returned 3.39 meters of 52.8 g/t silver, 0.28 g/t gold, 0.11% lead, and 0.27% zinc [2][5] Exploration Details - The 2024 drilling program involved 2,250 meters of drilling across six holes, primarily targeting the Wolf Fault [3][6] - The program confirmed the presence of permissive host rocks, including the Rosella Formation Limestones, which are conducive to deposit formation [2][6] - Coeur plans to conduct follow-up drilling based on the 2024 drilling and geophysical data to identify potentially productive areas within the Tim CRD system [3][8] Financial and Operational Terms - Coeur is required to complete a minimum of $3.55 million in exploration expenditures and make cash payments totaling $275,000 to Silver North by December 31, 2026, to earn the initial 51% interest [8] - Coeur can increase its interest to 80% by making additional cash payments of $100,000 per year in 2027 and 2028, completing a positive feasibility study, and notifying Silver North of its intention to develop a mine by December 16, 2028 [8] Notable Drill Results - Five out of six holes successfully tested the Wolf Fault or its splays, with intersections ranging from approximately 0.5 to over 6.0 meters, showing anomalous silver, lead, zinc, and pathfinder elements [5][6] - TIM24-Pad01-001 intersected a massive pyrrhotite interval with blebs of scheelite and anomalous results for silver, gold, lead, zinc, bismuth, tellurium, and tungsten [5][6] Company Overview - Silver North's primary assets include the 100% owned Haldane Silver Project and the Tim Project, which is under option to Coeur Mining, Inc. [10] - The company is listed on the TSX Venture Exchange under the symbol "SNAG" and trades on the OTCQB market in the United States under the symbol "TARSF" [11]
Jim Cramer: Rivian Better Than This Automaker, Pan American Silver Is The 'Best Silver Mine'
Benzinga· 2025-05-22 12:18
Group 1: Company Performance and Comparisons - Rivian Automotive, Inc. (RIVN) is viewed more favorably than Lucid Group, Inc. (LCID), with Lucid reporting first-quarter revenue of $235.05 million, missing analyst estimates of $250 million [1] - Marvell Technology, Inc. (MRVL) is considered a good buy, especially after announcing a collaboration with Nvidia Corp (NVDA) to offer NVLink Fusion technology [2] - Pony AI Inc. (PONY) reported first-quarter sales growth of 11.6% year-over-year to $13.98 million, exceeding analyst consensus estimates of 90.11 million Chinese yuan [2] Group 2: Mergers and Acquisitions - Pan American Silver Corp. (PAAS) is recognized as the best silver mine, and it has announced a definitive deal to acquire MAG Silver Corp. (MAG) shares [3] Group 3: Earnings Guidance and Market Sentiment - Doximity, Inc. (DOCS) provided a fiscal first-quarter revenue guidance of $139 million to $140 million, below estimates of $143.34 million, leading to a negative outlook [3] - Micron Technology, Inc. (MU) is perceived as having a "toppy" market position, with analysts expecting quarterly earnings of $1.59 per share on revenue of $8.83 billion [4] Group 4: Stock Price Movements - Lucid shares fell 6.4% to $2.77, Marvell shares declined 2.1% to $60.11, Pony.ai shares dropped 3.3% to $17.29, Doximity shares decreased 4.3% to $50.75, and Micron shares slipped 2.3% to $95.84 [7] - Pan American Silver shares rose 1.3% to $24.10 [7]
All You Need to Know About Coeur Mining (CDE) Rating Upgrade to Buy
ZACKS· 2025-05-21 17:06
Coeur Mining (CDE) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.Since a cha ...
Aya Gold & Silver Reports High-Grade Silver Results at Depth and Identifies New Zgounder Regional Targets
Globenewswire· 2025-05-21 11:00
MONTREAL, May 21, 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 program at the Zgounder Silver Mine. The Corporation has also identified multiple high-potential targets within the broader Zgounder Regional area in the Kingdom of Morocco. Highlights (all intersections are in core lengths) "Today's high-grade results — including hole ZG-SF-24-123 near the granite contact and DZG-SF-2 ...
Walker Lane Resources to Present at Sidoti Virtual Investor Conference, May 21-22, 2025
Globenewswire· 2025-05-20 14:35
Company Overview - Walker Lane Resources Ltd. is a growth-stage exploration company focused on high-grade gold, silver, and polymetallic deposits in the Walker Lane Gold Trend District in Nevada and the Rancheria Silver District in Yukon/B.C. [5] - The company plans to initiate an aggressive exploration program to advance the Tule Canyon and Amy projects through a drilling program aimed at resource definition in the near future [5]. Upcoming Events - Kevin Brewer, President and CEO of Walker Lane Resources Ltd., will present and host one-on-one meetings with investors at the Sidoti May Virtual Investor Conference on May 21-22, 2025 [1][2]. - The presentation will provide updates on opportunities arising from recent property acquisitions in the Walker Lane Gold Trend and exploration plans for the 2025 season, scheduled for May 21, 2025, from 3:15-3:45 PM (Eastern Standard Time) [2]. Investor Engagement - Investors can register for the presentation or one-on-one meetings for free, without needing to be a Sidoti client [3]. - Sidoti Events, LLC, formed by Sidoti & Company, focuses on corporate access and hosts eight investor conferences annually, benefiting from Sidoti's extensive network in the small and microcap sectors [4].
Apollo Silver Expands Calico Project Land Package by over 285%
Globenewswire· 2025-05-20 11:00
Core Viewpoint - Apollo Silver Corp. has acquired 2,215 hectares of claims adjacent to its Waterloo property, enhancing the Calico Silver Project significantly and presenting new exploration opportunities for high-grade silver and gold targets [1][4][5]. Acquisition Details - The Mule claims consist of 415 lode mining claims and were acquired from LAC Exploration LLC for US$250,000, with LAC retaining a 2.0% net smelter return royalty [6][8]. - The acquisition increases the Calico Project's land area by over 285%, expanding it from 1,194 hectares to 3,409 hectares [7]. Exploration Potential - Preliminary mapping and sampling by the previous operator identified several high-grade silver and gold anomalies on the Mule claims, which will be further evaluated by Apollo [5][7]. - The exploration at the Burcham gold prospect area confirmed the significance of the Calico fault system in controlling mineralization and indicated potential for copper, zinc, and lead mineralization [2][10]. Sampling Results - Recent assays from the Burcham prospect included peaks of 14.10 g/t Au, 20.70 g/t Ag, 0.17% Cu, 22.80% Zn, and 5.74% Pb from various surface samples [7][11]. - The exploration team has completed detailed mapping at the Calico Project, revealing structures similar to those at Waterloo, with strong potential for gold and copper mineralization [11][16]. Marketing Initiatives - The company has engaged Creative Direct Marketing Group, Inc. for marketing services with a budget of approximately US$129,800, aimed at enhancing public awareness and marketing efforts [19][20].
Rio Silver Receives Conditional Approval for Acquisition of Mamaniña Exploraciones S.A.C.
Globenewswire· 2025-05-16 12:30
VANCOUVER, British Columbia, May 16, 2025 (GLOBE NEWSWIRE) -- Rio Silver Inc. (the “Company”) (TSX.V: RYO) (OTC: RYOOF) announces that, further to its announcement on March 26, 2025, it has received from the TSX Venture Exchange (the “Exchange”) conditional acceptance (the “Conditional Approval”) of the proposed transaction (the “Transaction”) with Peruvian Metals Corp. for the acquisition of Mamaniña Exploraciones S.A.C. The Company is working to satisfy the remaining conditions outlined in the Conditional ...