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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 ...
Best Value Stocks to Buy for May 15th
ZACKS· 2025-05-15 13:11
Core Insights - Three stocks are highlighted with a strong buy rank and favorable value characteristics for investors to consider on May 15th [1][2][3] Group 1: Intercorp Financial Services (IFS) - Intercorp Financial Services provides financial products and services and has a Zacks Rank 1 (Strong Buy) [1] - The Zacks Consensus Estimate for its current year earnings has increased by 1.4% over the last 60 days [1] - The company has a price-to-earnings ratio (P/E) of 8.28, significantly lower than the S&P's 22.56, and possesses a Value Score of B [1] Group 2: Fox (FOX) - Fox produces and distributes news, sports, and entertainment content and also carries a Zacks Rank 1 [2] - The Zacks Consensus Estimate for its current year earnings has increased by 3.6% over the last 60 days [2] - The company has a price-to-earnings ratio (P/E) of 11.05, compared to the S&P's 22.56, and possesses a Value Score of B [2] Group 3: Pan American Silver (PAAS) - Pan American Silver is a mining company focused exclusively on silver and holds a Zacks Rank 1 [3] - The Zacks Consensus Estimate for its current year earnings has increased by 10.7% over the last 60 days [3] - The company has a price-to-earnings ratio (P/E) of 16.80, lower than the S&P's 22.56, and possesses a Value Score of B [3]
Aya Gold & Silver Publishes 2024 Sustainability Report
Globenewswire· 2025-05-15 11:00
MONTREAL, May 15, 2025 (GLOBE NEWSWIRE) -- Aya Gold & Silver Inc. (TSX: AYA; OTCQX: AYASF) ("Aya" or the "Corporation") is pleased to announce that is has published its 2024 Sustainability Report for the year ended December 31, 2024 (the "Report"). The Report highlights the Corporation's progress and achievements across key environmental, social, and governance ("ESG") areas, while reaffirming its commitments to stakeholders. This year's Report, which is aligned with Task Force on Climate-Related Financial ...
Endeavour Silver(EXK) - 2025 Q1 - Earnings Call Transcript
2025-05-13 18:02
Financial Data and Key Metrics Changes - In Q1, the company produced 1,200,000 ounces of silver and 8,300 ounces of gold, totaling 1,900,000 silver equivalent ounces [5] - Revenue reported was $64,000,000, consistent with the prior year, benefiting from higher precious metal prices [6] - The company reported a net loss of $32,900,000 primarily due to unrealized noncash impacts from gold hedging and forward swap contracts [6] - Excluding mark to market adjustments, the adjusted loss was $200,000 compared to income of $300,000 in Q1 2024 [7] - Cash costs were $15.89 per ounce of silver, and all-in sustaining costs were $24.48 net of gold credits, both slightly below annual guidance [7] - As of March 31, 2025, the company's cash position was $65,000,000, and working capital was $15,000,000 [7] Business Line Data and Key Metrics Changes - Guanacevi and Bolanitos performed in line with expectations, while Terronera is nearing completion and has started producing concentrate [5] - The addition of Terronera is expected to significantly enhance the company's production profile [5][8] - The Copa mine acquisition is anticipated to enhance the production profile with significant exploration upside [9] Market Data and Key Metrics Changes - The company is positioned to achieve annualized production approaching 20,000,000 silver equivalent ounces when combining all assets [10] Company Strategy and Development Direction - The company is focused on ramping up production at Terronera and aims to reach commercial production as soon as possible [46] - The acquisition of Copa aligns with the strategy of building a scalable silver-dominant asset base [9] - The company plans to validate and update historical resource estimates at Copa while leveraging technical expertise for exploration [9][40] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ramp-up of Terronera, emphasizing the importance of consistent throughput [12] - The company is monitoring cash balances closely during the ramp-up phase, indicating a high-stress environment [29] - Management highlighted the need for sufficient liquidity and the potential for refinancing once commercial production is declared [30] Other Important Information - The commissioning phase at Terronera is ongoing, with operational guidance to be provided as ramp-up progresses [8] - The company has a $12,000,000 exploration program planned for Copa over the next 24 months [42] Q&A Session Summary Question: What do you need to see in the ramp-up to provide formal guidance on costs? - Management indicated that consistent throughput is essential before providing production guidance, with a planned ramp-up of about 90 days [12][13] Question: What are the near-term priorities for the ramp-up at the plant? - Management noted that commissioning is a start-and-stop process, focusing on system checks and ensuring all components are functioning well [16][18] Question: What is the capital intensity for the throughput expansion at Copa? - The estimated cost for expanding capacity from 1,800 tons per day to 2,500 tons per day is between $12,000,000 to $16,000,000 [20] Question: How comfortable is the company with its cash balance and working capital for Terronera? - Management stated that the cash balance of $65,000,000 feels healthy, but they are closely monitoring cash flow during the ramp-up [28][29] Question: Are there still meaningful cash flows going into Terronera in Q2? - Management confirmed that spending continues as they work through the commissioning process, although they expect a loss during this phase [34][36] Question: What are the higher priority targets for exploration at Copa? - Management highlighted a significant budget for exploration and mentioned a new discovery on a vein called Porta Rosa, with plans to validate historical resources [40][42]
Endeavour Silver(EXK) - 2025 Q1 - Earnings Call Transcript
2025-05-13 18:00
Financial Data and Key Metrics Changes - In Q1 2025, the company produced 1,200,000 ounces of silver and 8,300 ounces of gold, totaling 1,900,000 silver equivalent ounces [4] - Revenue for the quarter was $64,000,000, consistent with the prior year, benefiting from higher precious metal prices [5] - The company reported a net loss of $32,900,000, primarily due to unrealized noncash impacts from gold hedging and forward swap contracts [5] - Cash costs were $15.89 per ounce of silver, and all-in sustaining costs were $24.48 net of gold credits, both slightly below annual guidance [6] - As of March 31, 2025, the company's cash position was $65,000,000, and working capital was $15,000,000, reflecting a decrease from December 31, 2024 [6] Business Line Data and Key Metrics Changes - Guanacevi and Bolanitos performed in line with expectations, while Terronera is nearing completion and has started producing concentrate [4] - The acquisition of the Copa mine in Peru is expected to enhance the production profile significantly, with an annual production estimate of 5,000,000 silver equivalent ounces [8][10] Market Data and Key Metrics Changes - The company is positioned to achieve annualized production approaching 20,000,000 silver equivalent ounces when combining all producing assets [10] Company Strategy and Development Direction - Terronera is viewed as a transformational asset that will redefine the company's growth trajectory, with a projected mine life of over a decade [7] - The company aims to build a scalable silver-dominant asset base, leveraging technical expertise and development capabilities [9] Management's Comments on Operating Environment and Future Outlook - Management expressed excitement about the commissioning of Terronera and its potential impact on the business [7] - The company is closely monitoring cash balances and working capital requirements during the ramp-up phase, emphasizing the importance of achieving commercial production [29] Other Important Information - The company is validating and updating historical resource estimates for the Copa mine, with a significant exploration budget planned [39][40] Q&A Session Summary Question: What is needed for confidence in the ramp-up guidance for Terronera? - Management indicated that consistent throughput and production are critical before providing formal guidance on costs and production timelines [12][13] Question: What are the near-term priorities for the ramp-up at the plant? - Management noted that the commissioning process involves a systematic approach to check systems and ensure everything is running smoothly [15][18] Question: What is the capital intensity for throughput expansion at Copa? - The estimated capital intensity for expanding capacity from 1,800 tons per day to 2,500 tons per day is between $12 million to $16 million [20] Question: How comfortable is the company with its cash balance and working capital for Terronera? - Management expressed confidence in the cash balance of $65,000,000 and working capital of $15,000,000, while acknowledging the high-stress phase of the project [26][28] Question: Are there still meaningful cash flows going into Terronera in Q2? - Management confirmed that spending continues for commissioning, although they do not have complete data for April yet [33][35] Question: What are the higher priority targets for exploration at Copa? - Management highlighted a significant exploration budget and plans to focus on previously discovered veins and new opportunities [39][40]
MAG Silver (MAG) Upgraded to Strong Buy: What Does It Mean for the Stock?
ZACKS· 2025-05-13 17:00
Core Viewpoint - MAG Silver has been upgraded to a Zacks Rank 1 (Strong Buy), indicating a positive outlook on its earnings estimates, which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Performance - The Zacks rating system emphasizes the correlation between changes in earnings estimates and stock price movements, particularly influenced by institutional investors [4][6]. - For MAG Silver, the rising earnings estimates and the rating upgrade suggest an improvement in the company's underlying business, likely leading to increased stock prices [5][10]. Earnings Estimate Revisions - MAG Silver is projected to earn $0.84 per share for the fiscal year ending December 2025, reflecting a year-over-year increase of 12% [8]. - Over the past three months, the Zacks Consensus Estimate for MAG Silver has risen by 18.8%, indicating a positive trend in earnings expectations [8]. Zacks Rank System - The Zacks Rank system categorizes stocks based on earnings estimate revisions, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [7]. - The upgrade of MAG Silver to Zacks Rank 1 places it in the top 5% of Zacks-covered stocks, suggesting a strong potential for market-beating returns in the near term [10].
Endeavour Silver(EXK) - 2025 Q1 - Earnings Call Presentation
2025-05-13 11:41
Growth on the Horizon November 2024 May 2025 www.edrsilver.com TSX: EDR | NYSE: EXK TSX: EDR | NYSE: EXK www.edrsilver.com TSE: EDR | NYSE: EXK Cautionary Note This presentation contains "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" within applicable Canadian securities legislation. Such forward-looking statements and information herein include but are not limited to statements regarding Endeavour's acq ...
Pan American Silver (PAAS) M&A Announcement Transcript
2025-05-12 15:00
Summary of Pan American Silver (PAAS) and MagSilver Conference Call Company and Industry - **Companies Involved**: Pan American Silver (PAAS) and MagSilver (MAG) - **Industry**: Precious Metals Mining, specifically Silver Production Key Points and Arguments 1. **Acquisition Announcement**: Pan American Silver has entered into a definitive agreement to acquire all outstanding shares of MagSilver for approximately $2.1 billion, equating to $20.54 per MAG share based on recent closing prices [2][3][4] 2. **Transaction Structure**: The consideration will consist of $500 million in cash and 0.755 shares of Pan American for each MAG share, representing a premium of approximately 21.2% [3][4] 3. **Shareholder Impact**: Post-transaction, existing MAG shareholders will own about 14% of Pan American's common shares on a fully diluted basis [4] 4. **Strategic Rationale**: The acquisition is expected to enhance Pan American's position as a leading silver producer, adding a large-scale, low-cost silver mine with significant exploration potential [5][6] 5. **Production Forecast**: The Juanicipio mine is projected to produce between 14.7 million to 16.7 million ounces of silver in 2025, increasing Pan American's total silver production by 34% to approximately 27.4 million ounces [6][8] 6. **Cost Efficiency**: All-in sustaining costs at Juanicipio are expected to be between $6 to $8 per ounce, which will lower Pan American's overall costs to approximately $13 to $15 per ounce [7][8] 7. **Free Cash Flow Generation**: The acquisition is anticipated to add $98 million to Pan American's free cash flow in 2025, resulting in a total of approximately $788 million [8] 8. **Resource Expansion**: Juanicipio will contribute significant silver reserves, including 58 million ounces in proven and probable reserves, further solidifying Pan American's leading position in silver resources [9] 9. **Exploration Potential**: Only 10% of the mineral concession at Tavwani has been explored, indicating substantial upside potential for future exploration [9] 10. **Financial Position**: Pan American reported a cash and short-term investment balance of $923 million at the end of Q1 2025, with total available liquidity expected to remain strong at approximately $1.3 billion post-transaction [10] Additional Important Information 1. **Board Support**: The transaction has unanimous support from both companies' boards and requires approval from 66.23% of MAG shareholders at a special meeting [4] 2. **Regulatory Approvals**: The deal is subject to clearance from Mexican antitrust authorities and listing approvals on stock exchanges [4] 3. **Future Growth**: The acquisition aligns with Pan American's disciplined capital allocation strategy and is expected to enhance shareholder returns through increased production and reduced costs [10][11] 4. **Partnership with Fresnillo**: The collaboration with Fresnillo, the operator of Juanicipio, is viewed positively, with expectations of synergies and shared operational expertise [19][30] 5. **Exploration Strategy**: There is a focus on exploring deeper structures and potential high-grade zones, with ongoing drilling programs planned [36][63] This summary encapsulates the key aspects of the conference call regarding the acquisition of MagSilver by Pan American Silver, highlighting the strategic benefits, financial implications, and future growth opportunities within the silver mining industry.
Aya Gold & Silver Secures US$25 Million Credit Facility from EBRD to Support Growth in Morocco
Globenewswire· 2025-05-12 11:00
About Aya Gold & Silver Inc. MONTREAL, May 12, 2025 (GLOBE NEWSWIRE) -- Aya Gold & Silver Inc. (TSX: AYA; OTCQX: AYASF) ("Aya" or the "Corporation") is pleased to announce that it has received final internal approval by the Board of Directors of the European Bank for Reconstruction and Development ("EBRD"), for a proposed US$25 million secured credit facility (the "Facility"). The proceeds of the Facility are intended to support the development of the Corporation's Boumadine polymetallic project and enhance ...