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Aya Gold & Silver Announces Results of Annual General Meeting of Shareholders
GlobeNewswire News Room· 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.
Newsfile· 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
Thenewswire· 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
Globenewswire· 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
Newsfile· 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
Prnewswire· 2025-06-17 10:00
Core Insights - Kootenay Silver Inc. has completed its maiden Mineral Resource Estimate for the Columba Silver Project, indicating a significant silver exploration target with an inferred resource of 54 million ounces of silver at a grade of 284 grams per tonne (gpt) [1][2][6] Resource Estimate Details - The underground Mineral Resource Estimate (MRE) includes 5.92 million tonnes grading 284 gpt silver, 0.19% lead, and 0.50% zinc, with a total inferred resource of 54.1 million ounces of silver, 25.2 million pounds of lead, and 65.6 million pounds of zinc [5][7][10] - The MRE is based on a cut-off grade of 150 gpt silver, considering a metal price of US$26.00 per ounce and a mining cost of US$60.00 per tonne of rock [5][19] Exploration Potential - The D vein is highlighted as a target for significant expansion, with potential to extend vertically and along strike, indicating strong prospects for increasing the resource in future drilling programs [3][6] - The company plans to conduct an additional 50,000 meters of drilling, with the initial 20,000 to 30,000 meters focused on expanding the known resource [4][6] Geological Context - The Columba project is characterized as a high-grade epithermal vein system, with mineralization occurring over a vertical extent of at least 350 meters and potential depths exceeding 700 meters [14][15] - The veins are hosted within a volcanic caldera setting, with a mapped surface extent of approximately 4 kilometers by 3 kilometers [15][16] Historical Context - Prior to Kootenay Silver's involvement, there had been no exploration at Columba for nearly 40 years, with historical mining activities occurring in the early 1900s and a brief period from 1958 to 1960 [18]
Mirasol Signs MOU for the Sale of the Virginia Silver Project and Landholdings in Argentina for US$8 Million Plus 2% NSR Royalty
Globenewswire· 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 ...
Will PAAS Unlock More Value Through Its MAG Silver Acquisition?
ZACKS· 2025-06-12 14:56
Core Insights - Pan American Silver Corp. (PAAS) is acquiring MAG Silver Corp. (MAG) in a $2.1 billion deal to enhance reserves and cash flows, solidifying its position in the silver mining industry [1][10] - The acquisition is expected to significantly boost PAAS' production and reduce costs, particularly through the Juanicipio project [3][5] Acquisition Details - MAG Silver's 44% stake in the Juanicipio project is a key asset, known as the world's largest-scale, highest-grade, and lowest-cost primary silver mine [3] - The deal has received approval from the boards of both companies and is pending regulatory approvals, including antitrust clearance from Mexican authorities [2] Production and Financial Impact - Juanicipio is forecasted to produce 14.7-16.7 million ounces of silver in 2025, with PAAS' share translating to approximately 6.5–7.3 million ounces [4] - This addition will complement PAAS' guided 2025 production of 20–21 million ounces, excluding Juanicipio [4] - The acquisition is expected to add 58 million ounces to PAAS' proven and probable silver reserves, which were 468 million ounces as of June 30, 2024 [6] - Juanicipio is projected to contribute $98 million in free cash flow to PAAS this year, with an expected growth of 23% over the next three years [6][10] Market Position and Performance - The combined market capitalization of PAAS and MAG Silver will be around $12.6 billion, surpassing competitors like First Majestic and Coeur Mining [8] - Year-to-date, PAAS shares have gained 41.8%, outperforming the industry's growth of 34.8% [9] Earnings Estimates - The Zacks Consensus Estimate for PAAS' earnings for 2025 is $1.47 per share, indicating a year-over-year surge of 86% [13] - The estimate for 2026 is $1.89, reflecting an increase of 28.7% [13]
Aya Gold and Silver Announces Upsize of Previously Announced Bought Deal to $125 Million
Globenewswire· 2025-06-11 13:54
Core Viewpoint - Aya Gold & Silver Inc. has announced an increase in its bought deal equity financing due to excess demand, raising gross proceeds to approximately $125 million, with potential additional proceeds from an over-allotment option [2][3]. Group 1: Offering Details - The company will issue 9,363,300 common shares at a price of $13.35 per share, resulting in gross proceeds of $125,000,055 [2]. - An over-allotment option allows underwriters to purchase an additional 15% of the shares, potentially raising total proceeds to approximately $143,750,063 if fully exercised [3]. - The closing date for the offering is scheduled for around June 19, 2025, pending necessary approvals [5]. Group 2: Use of Proceeds - Net proceeds from the offering will be utilized to advance exploration programs at Boumadine and Zgounder Regional, as well as for working capital and general corporate purposes [4]. Group 3: Company Overview - Aya Gold & Silver Inc. is a rapidly growing silver producer based in Canada, operating primarily in Morocco [9]. - The company is the only TSX-listed pure silver mining company and focuses on maximizing shareholder value through sustainable practices [10].
Aya Gold and Silver Announces $100 Million Bought Deal Offering of Common Shares
Globenewswire· 2025-06-10 21:06
Core Viewpoint - Aya Gold & Silver Inc. has announced a bought deal offering of 7,491,000 common shares at a price of $13.35 per share, aiming to raise gross proceeds of approximately $100 million [2][3]. Group 1: Offering Details - The offering is being managed by Desjardins Capital Markets as the sole bookrunner, along with a syndicate of underwriters including National Bank Financial Inc. and BMO Capital Markets [2]. - An over-allotment option has been granted to the underwriters to purchase an additional 15% of the shares, which could raise an additional $15 million if fully exercised, bringing total proceeds to approximately $115 million [3]. - The closing date for the offering is scheduled for around June 19, 2025, pending necessary approvals [5]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized to advance exploration programs at Boumadine and Zgounder Regional, as well as for working capital and general corporate purposes [4]. Group 3: Company Overview - Aya Gold & Silver Inc. is a rapidly growing silver producer based in Canada, operating the high-grade Zgounder Silver Mine in Morocco [9]. - The company is focused on maximizing shareholder value through sustainable practices in its operations and financial growth plans [10].