Precious Metals Mining
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Endeavour Silver Amends and Restates Project Loan Credit Facility to Include Additional Credit Facility of US$15 Million
Globenewswire· 2025-06-24 11:48
Core Viewpoint - Endeavour Silver Corp. has amended its senior secured debt facility, increasing the principal amount to $135 million to support the commissioning of the Terronera Project in Mexico and for general working capital purposes [1][2]. Financing Details - The Credit Facility was increased by $15 million, bringing the total to $135 million [2]. - Proceeds will be utilized for completing commissioning at the Terronera Project and for general working capital [2]. Risk Management Strategy - Terronera has implemented zero cost collars to manage silver price exposure, protecting the downside at $31.00 per ounce and allowing participation in silver price appreciation up to $42.00 for approximately 968,000 silver ounces over the next twelve months [3]. Project Progress - Commissioning activities at the Terronera Project are proceeding as planned and are aligned with management's expectations [4]. Company Overview - Endeavour Silver is a mid-tier precious metals company focused on sustainable mining practices, with operations in Mexico and Peru, and aims to become a premier senior silver producer [5].
Skeena Gold & Silver Announces Results of Annual General Meeting
Globenewswire· 2025-06-24 01:01
Core Points - Skeena Resources Limited held its Annual General Meeting of Shareholders on June 23, 2025, in Vancouver, where shareholders approved the re-election of all existing Directors and the election of Mr. Hansjoerg Plaggemars to the Board [1] - A total of 82,703,300 shares were voted, representing 72.2% of the common shares issued and outstanding [2] - The voting results showed high approval rates for the re-elected Directors, with Walter Coles receiving 99.48% and Randy Reichert 99.97% of votes in favor [3] Voting Results - Walter Coles received 70,962,376 votes, equating to 99.48% approval [3] - Randy Reichert received 71,307,252 votes, equating to 99.97% approval [3] - Craig Parry received 62,720,699 votes, equating to 87.93% approval [3] - Suki Gill received 68,105,501 votes, equating to 95.48% approval [3] - Greg Beard received 66,624,648 votes, equating to 93.40% approval [3] - Nathalie Sajous received 70,813,332 votes, equating to 99.28% approval [3] - Hansjoerg Plaggemars received 43,963,895 votes, equating to 61.63% approval [3] Company Overview - Skeena is focused on advancing the Eskay Creek Gold-Silver Project, which is expected to be one of the highest-grade and lowest-cost open-pit precious metals mines globally [5] - The company emphasizes sustainable mining practices and aims to maximize its mineral resources while fostering positive relationships with Indigenous communities [5]
Halcones Precious Metals Grants Stock Options and Restricted Share Units
Globenewswire· 2025-06-23 22:00
Core Points - Halcones Precious Metals Corp. has granted 3,500,000 stock options to certain officers, directors, and consultants at an exercise price of $0.10 per share for a two-year period [1][2] - The company has also issued 4,550,000 restricted share units (RSUs) that will vest annually over three years, starting from the one-year anniversary of the grant date [2] - The grants of stock options and RSUs are subject to approval by the TSX Venture Exchange [2] Company Overview - Halcones Precious Metals Corp. is focused on exploring and developing gold-silver projects in Chile [3] - The company has a team with a strong background in exploration success within the region [3]
Nord Precious Metals Secures MICA Investment to Scale Critical Minerals Production from Tailings
Thenewswire· 2025-06-23 13:00
Re-2Ox hydrometallurgical system addresses arsenic barrier to battery metals recovery Coquitlam, BC – TheNewswire - June 23, 2025 - Nord Precious Metals Mining Inc. (TSX-V: NTH | OTCQB: CCWOF | FRANKFURT: 4T9B) announced today it has secured $200,000 in funding from the Mining Innovation Commercialization Accelerator (MICA) Network to advance its Re-2Ox technology from Technology Readiness Level 6 to TRL 7, positioning the system for commercial deployment and licensing opportunities. The funding, part of MI ...
Sierra Madre Announces Annual General Meeting Results
Newsfile· 2025-06-19 02:19
Core Points - Sierra Madre Gold and Silver Ltd. held its Annual General Meeting on June 18, 2025, in Vancouver, British Columbia, where shareholders voted on several key motions [1] - A total of 75,415,346 votes were cast, representing 48.989% of the total shares outstanding eligible to vote [2] Election of Directors - The number of directors was set at five, with 99.959% of shares voting in favor [3] - Individual director nominees received the following support: - Alexander Langer: 99.871% for, 0.129% abstain - Greg Smith: 99.952% for, 0.048% abstain - Alejandro Caraveo-Vallina: 99.958% for, 0.042% abstain - Jorge Ramiro Monroy: 99.946% for, 0.054% abstain - Sean McGrath: 99.960% for, 0.040% abstain [4] Appointment of Auditors - Shareholders re-appointed Davidson & Company LLP as auditors, with 99.954% of shares voting in favor [5] Approval of Stock Option Plan - The current 10% Rolling Stock Option Plan was approved by shareholders, with 99.936% of shares voting in favor [6] Company Overview - Sierra Madre Gold and Silver Ltd. is focused on the Guitarra mine in the Temascaltepec mining district, Mexico, and the Tepic property in Nayarit, Mexico [7] - The Guitarra mine is a permitted underground mine with a processing facility that restarted commercial production in January 2025 [7] - The Tepic Project covers over 2,600 hectares and hosts low-sulphidation epithermal gold and silver mineralization with an existing historic resource [8]
Franco-Nevada Update on Arbitration Proceeding in Panama
Prnewswire· 2025-06-18 21:30
Core Viewpoint - Franco-Nevada Corporation has agreed to suspend its arbitration proceeding related to the Cobre Panama mine after engaging with the Government of Panama's legal counsel [1][2] Group 1 - Franco-Nevada had previously filed a request for arbitration under the Canada-Panama Free Trade Agreement to the International Centre for Settlement of Investment Disputes on June 27, 2024 [1] - The company expresses hope for a resolution that benefits the Panamanian people and all parties involved [2]
MAG Reports AGSM Results
Globenewswire· 2025-06-18 21:06
Core Viewpoint - MAG Silver Corp. held its Annual General and Special Meeting on June 18, 2025, where shareholders approved key motions including the election of directors, re-appointment of auditors, support for executive compensation, and reconfirmation of the Shareholder Rights Plan Agreement [1][2][3]. Group 1: Shareholder Approvals - All eight directors standing for election were elected with high approval rates, ranging from 93.45% to 99.51% [2][3]. - Deloitte LLP was re-appointed as the company's auditors with 90.45% of votes in favor [2]. - The executive compensation approach received 98.28% support from shareholders [2]. - The reconfirmation of the Shareholder Rights Plan Agreement was approved with 97.46% of votes in favor [3]. Group 2: Company Leadership - George Paspalas, President and CEO of MAG, expressed gratitude towards outgoing Chair Peter Barnes for his 13 years of service, highlighting his significant contributions to the company [3]. Group 3: Company Overview - MAG Silver Corp. is a Canadian mining and exploration company focused on high-grade precious metals projects in the Americas, with a 44% joint venture interest in the Juanicipio Mine, which processes 4,000 tonnes per day [4]. - The company is also engaged in exploration programs at the Deer Trail Project in Utah and the Larder Project in the Abitibi region of Canada [4].
Top 3 Silver Picks to Watch as Bull Market Gains Steam
MarketBeat· 2025-06-18 17:29
Group 1: Silver Market Overview - Silver has recently surpassed $37 per ounce, indicating a potential upward trend with minimal resistance until it reaches an all-time high of around $50 [1] - The supply-demand dynamics are critical, with analysts noting that silver mining production has not kept pace with increasing demand, leading to concerns about the availability of silver for extraction [2] - The silver-gold ratio is currently about 91, which is historically high, making silver an attractive investment compared to gold [3] Group 2: Investment Opportunities in Silver - Investors can gain exposure to silver through various means, including physical silver, exchange-traded funds (ETFs), and mining stocks [4] - Pan American Silver Corp. (NYSE: PAAS) is the world's fifth-largest silver producer, with a 12-month stock price forecast of $30.60, indicating a 5.21% upside potential [5] - Endeavour Silver Corp. (NYSE: EXK) is another notable mining company, with a 12-month stock price forecast of $6.83, representing a 36.89% upside potential [9] Group 3: Company Performance and Projections - Pan American Silver's stock price increased by 44.8% in 2025, driven by its acquisition of MAG Silver Corporation for $2.1 billion, which is expected to enhance its production capabilities [6] - Endeavour Silver's stock has also risen over 49% in the last month, with expectations to double its silver equivalent production from its flagship Terronera mine in 2025-2026 [10][11] - Both companies operate in Mexico, with Endeavour being significantly smaller than Pan American, having a market cap of just over $1 billion [12] Group 4: iShares Silver Trust - The iShares Silver Trust (NYSEARCA: SLV) tracks physical silver and has assets under management of $17.48 billion, with a current price of $33.50 [13][14] - The fund's performance mirrors the spot price of silver, having increased by 28.4% as of June 17, which aligns with the growth in silver prices [15] - Despite a 0.5% expense ratio, the iShares Silver Trust remains a viable option for investors seeking exposure to silver without the challenges of physical ownership [15]
Goliath Resources Closes Concurrent C$4,062,500 Non-Brokered CFT Share Financing At C$3.17 Each For Combined Gross Proceeds of C$27,065,605
Globenewswire· 2025-06-18 11:08
Core Viewpoint - Goliath Resources Limited has successfully completed a financing round, raising a total of C$27,065,605 through the issuance of Charity Flow-Through Shares, which will be used to advance exploration activities on its Golddigger-Surebet Project [1][4]. Financing Details - The financing included a bought deal of 7,256,500 Charity Flow-Through Shares at C$3.17 each, generating gross proceeds of C$23,003,103, alongside a non-brokered financing of 1,281,545 shares for an additional C$4,062,500 [1]. - A cash commission of 6.0% of the gross proceeds was paid, along with 512,284 common share purchase warrants, each exercisable at C$2.12 until June 16 and June 17, 2027 [3]. Use of Proceeds - The proceeds from the Offering will be allocated to exploration expenses qualifying as "Canadian exploration expenses" and "flow-through critical mineral mining expenditures" under the Income Tax Act (Canada) [4]. - The Company plans to incur these expenses by December 31, 2026, with renouncement to subscribers by December 31, 2025 [4]. Regulatory and Compliance Information - The Offering is subject to a statutory hold period and requires final approval from the TSX Venture Exchange [5]. - The purchase warrants and shares are also subject to a hold period expiring on October 17, 2025, and October 18, 2025, respectively [5]. Company Overview - Goliath Resources Limited is focused on exploring precious metals projects in the Golden Triangle of northwestern British Columbia, with a commitment to high-quality geological settings and safe jurisdictions for mining [7].
Steppe Gold Ltd. Announces Annual General and Special Meeting Voting Results
Newsfile· 2025-06-16 20:30
Group 1 - Steppe Gold Ltd. held its annual general and special meeting of shareholders on June 16, 2025, where key voting results were announced [1][2] - Seven individuals were elected to serve on the Board of Directors, with Batjargal Zamba and Jargalan Sereenen receiving the highest approval rates of 99.78% and 99.80% respectively [2] - Byambatseren Tsogbadrakh received more votes withheld (155,974,798) than votes in favor (15,704,475), necessitating her resignation submission to the Board as per the company's majority voting policy [2][6] Group 2 - Kingston Ross Pasnak LLP was re-appointed as auditors for Steppe Gold until the next annual meeting, with the Board authorized to fix their remuneration [2] - The shareholders did not pass the ordinary resolution for the ratification and adoption of the Company's long-term incentive plan, with only 9.15% voting in favor [5][6] Group 3 - Steppe Gold Ltd. is recognized as Mongolia's premier precious metals company [7]