First Majestic Silver

Golden Tag Provides Update on Acquisition of the La Parrilla Silver Mine Complex and Related Financing

Retrieved on: 
Wednesday, July 19, 2023

TORONTO, July 19, 2023 (GLOBE NEWSWIRE) -- Golden Tag Resources Ltd. (“Golden Tag” or the “Company”) (TSX.V: GOG) is pleased to provide the following update regarding its proposed acquisition of the La Parrilla Silver Mine Complex (“La Parrilla”) in Durango, Mexico (the “Transaction”) from First Majestic Silver Corp (“First Majestic”) pursuant to an asset purchase agreement entered into between First Majestic, First Majestic Plata, S.A. DE C.V., and Golden Tag, dated December 7, 2022 (the “Asset Purchase Agreement”) and as previously announced in the Company’s news release dated December 7, 2022.

Key Points: 
  • The Transaction is proceeding as previously announced in the Company’s news releases dated May 30 and April 14, 2023, and is expected to close in August.
  • On May 25, 2023 the Company received approval from Mexico’s antitrust agency, the Comisión Federal de Competencia Económica (“COFECE”) for the acquisition of La Parrilla.
  • As disclosed on May 30, 2023, Golden Tag and First Majestic amended the Asset Purchase Agreement to reduce Golden Tag’s minimum required financing to $7.2 million from $9 million.
  • As previously announced, Golden Tag has closed on two tranches of its non-brokered private placement financing of subscription receipts for aggregate gross proceeds of $6.9 million.

Golden Tag Shares to Resume Trading and Provides Update to Its Acquisition of the La Parrilla Silver Mine Complex

Retrieved on: 
Friday, April 14, 2023

TORONTO, April 14, 2023 (GLOBE NEWSWIRE) -- Golden Tag Resources Ltd. (“Golden Tag” or the "Company") (TSX.V: GOG) is pleased to provide the following update regarding its proposed acquisition of the La Parrilla Silver Mine Complex (“La Parrilla”) in Durango, Mexico (the “Transaction”) from First Majestic Silver Corp (“First Majestic”) pursuant to an asset purchase agreement entered into between First Majestic, First Majestic Plata, S.A. DE C.V., and Golden Tag, dated December 7, 2022 (the “Asset Purchase Agreement”) and as previously announced in the Company’s news release dated December 7, 2022. Upon dissemination of this news release, the Company anticipates trading will resume in the Golden Tag Shares (as defined herein) on or about April 19, 2023.

Key Points: 
  • Upon dissemination of this news release, the Company anticipates trading will resume in the Golden Tag Shares (as defined herein) on or about April 19, 2023.
  • In accordance with the policies of the TSXV, trading in the Golden Tag Shares has remained halted in connection with the proposed Transaction announced on December 7, 2023.
  • The Company expects that trading will resume on or about April 19, 2023, following the dissemination of this press release and subject to approval from the TSXV.
  • On April 14, 2023, Golden Tag closed a further tranche of its previously announced non-brokered private placement of subscription receipts (the “Offering”).

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of First Majestic Silver Corp. - AG

Retrieved on: 
Sunday, April 9, 2023

NEW YORK, April 09, 2023 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of First Majestic Silver Corp. (“First Majestic” or the “Company”) (NYSE: AG).

Key Points: 
  • NEW YORK, April 09, 2023 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of First Majestic Silver Corp. (“First Majestic” or the “Company”) (NYSE: AG).
  • Such investors are advised to contact Robert S. Willoughby at [email protected] or 888-476-6529, ext.
  • The investigation concerns whether First Majestic and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
  • Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions.

Origen Resources Creates Advisory Board, Announces Financing

Retrieved on: 
Tuesday, February 21, 2023

Origen welcomes Gabriel Pindar, Dr. David Shaw, Neil Stuart and George Cumplido as the founding members of this Advisory Board.

Key Points: 
  • Origen welcomes Gabriel Pindar, Dr. David Shaw, Neil Stuart and George Cumplido as the founding members of this Advisory Board.
  • Dr. Shaw served as Senior Mining Analyst for the Corporate Finance Group at Yorkton Securities from 1990 to 1996.
  • Gary Schellenberg, CEO of Origen, noted: "Origen now has a Tier 1 team to execute on its Los Sapitos Lithium Project in Argentina.
  • I am pleased that our new Advisory Board members share my belief in the significant potential of Los Sapitos.

METALLA COMPLETES ACQUISITION OF STRATEGIC SILVER FOCUSED ROYALTY PORTFOLIO FROM FIRST MAJESTIC SILVER

Retrieved on: 
Thursday, December 22, 2022

Metalla is a precious metals royalty and streaming company.

Key Points: 
  • Metalla is a precious metals royalty and streaming company.
  • Metalla provides shareholders with leveraged precious metal exposure through a diversified and growing portfolio of royalties and streams.
  • ON BEHALF OF METALLA ROYALTY & STREAMING LTD.
  • View original content to download multimedia: https://www.prnewswire.com/news-releases/metalla-completes-acquisition-o...
    SOURCE Metalla Royalty and Streaming Ltd.

Golden Tag to Acquire La Parrilla Silver Mine Complex From First Majestic Silver

Retrieved on: 
Wednesday, December 7, 2022

TORONTO, Dec. 07, 2022 (GLOBE NEWSWIRE) -- Golden Tag Resources Ltd. (“Golden Tag” or the "Company") (TSX.V: GOG) (OTCQB: GTAGF) is pleased to announce that the Company has entered into a definitive Asset Purchase Agreement dated December 7, 2022 (the "Purchase Agreement" or “APA”) with First Majestic Silver Corp (“First Majestic” or “FMS”) to acquire a 100% interest in the 69,478 hectares La Parrilla Silver Mine Complex (“La Parrilla”) in the locality of San Jose de la Parrilla, Durango, Mexico (the “Transaction”).

Key Points: 
  • Golden Tag is not treating these estimates as current Mineral Resources because a Qualified Person on behalf of Golden Tag has not performed sufficient work5 to classify these estimates as current resources5, 6.
  • These figures are historic in nature, have not been verified by Golden Tag and while relevant as the most recent mineral resource estimates for La Parrilla, should not be relied upon.
  • The Company will acquire 100% of the assets of the La Parrilla Silver Mine Complex from First Majestic and the remaining employees associated directly with the Complex.
  • After closing, FMS will have a participation right to maintain its pro-rata interest in Golden Tag (to a maximum of 19.9%) in any future Golden Tag share issuances, subject to customary exceptions.

Global Silver Market Report 2022: Growing Demand for Solar Photovoltaic Panels Fuels Sector - ResearchAndMarkets.com

Retrieved on: 
Wednesday, November 9, 2022

The "Global Silver Market (Demand, Supply & Production): Insights & Forecast with Potential Impact of COVID-19 (2022-2026)" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Global Silver Market (Demand, Supply & Production): Insights & Forecast with Potential Impact of COVID-19 (2022-2026)" report has been added to ResearchAndMarkets.com's offering.
  • The global silver demand is expected to reach 1,196 million ounces in 2026, at a CAGR of 2.97%, for the time period of 2022-2026.
  • Factors such as rising sales of jewellery & silverware, growing demand for solar photovoltaic panels, rising use of silver oxide batteries, increasing manufacturing of electrical equipment and expansion of dental services would drive the growth of the market.
  • The report provides a comprehensive analysis of the global silver market.

Osisko Announces Record Preliminary Q2 2022 Deliveries, Revenues and Cash Margin

Retrieved on: 
Tuesday, July 12, 2022

Osisko earned approximately 22,240 attributable gold equivalent ounces1 (GEOs) in the second quarter of 2022, record deliveries for the Corporation since inception in 2014.

Key Points: 
  • Osisko earned approximately 22,240 attributable gold equivalent ounces1 (GEOs) in the second quarter of 2022, record deliveries for the Corporation since inception in 2014.
  • Osisko had record preliminary revenues from royalties and streams of C$51.5 million during the second quarter and preliminary cost of sales (excluding depletion) of C$3.7 million, resulting in a record quarterly cash margin2 of approximately C$47.8 million or approximately 93%.
  • Sandeep Singh, President and CEO of Osisko commented: Our royalty and streaming portfolio delivered records on a number of fronts in Q2 including GEO deliveries and absolute cash margins.
  • On May 24th, Osisko Development Corp. (Osisko Development) announced the results of a preliminary economic assessment (PEA) for the Cariboo Gold Project in central British Columbia.

Commodities Offer Another Option for Investors Amidst Turbulent Market Conditions

Retrieved on: 
Thursday, June 16, 2022

NEW YORK, June 16, 2022 /PRNewswire/ -- It's often said that interest rates have a significant impact on the prices of gold and silver. Generally, this would appear to be true. The theory behind the claim makes sense; for example, if interest rates were to increase, that would in turn make the appeal of bonds and savings accounts go up as well, and demand for physical assets go down. In reality, though, there is no real statistical evidence to show any consistency to that claim, mostly because there are numerous factors that also affect the price of these commodities. Reyna Silver Corp. (OTC: RSNVF) (TSX-V: RSLV), First Majestic Silver Corp. (NYSE: AG), Fortuna Silver Mines Inc. (NYSE: FSM), Hecla Mining Company (NYSE: HL), Coeur Mining, Inc. (NYSE: CDE).

Key Points: 
  • One of the reasons for this is that gold and silver markets largely operate on investors' expectations for the future.
  • Now, as the inflation and supply problems affect the economy negatively, there is a need to hedge against the market with a safe haven asset.
  • The results show zoning of Copper, Lead-Zinc, and Silver and are interpreted to indicate a CRD mineralization center at depth.
  • FinancialBuzz.com does not offer any personal opinions, recommendations or bias commentary as we purely incorporate public market information along with financial and corporate news.

Commodities Offer Another Option for Investors Amidst Turbulent Market Conditions

Retrieved on: 
Thursday, June 16, 2022

NEW YORK, June 16, 2022 /PRNewswire/ -- It's often said that interest rates have a significant impact on the prices of gold and silver. Generally, this would appear to be true. The theory behind the claim makes sense; for example, if interest rates were to increase, that would in turn make the appeal of bonds and savings accounts go up as well, and demand for physical assets go down. In reality, though, there is no real statistical evidence to show any consistency to that claim, mostly because there are numerous factors that also affect the price of these commodities. Reyna Silver Corp. (OTC: RSNVF) (TSX-V: RSLV), First Majestic Silver Corp. (NYSE: AG), Fortuna Silver Mines Inc. (NYSE: FSM), Hecla Mining Company (NYSE: HL), Coeur Mining, Inc. (NYSE: CDE).

Key Points: 
  • One of the reasons for this is that gold and silver markets largely operate on investors' expectations for the future.
  • Now, as the inflation and supply problems affect the economy negatively, there is a need to hedge against the market with a safe haven asset.
  • The results show zoning of Copper, Lead-Zinc, and Silver and are interpreted to indicate a CRD mineralization center at depth.
  • FinancialBuzz.com does not offer any personal opinions, recommendations or bias commentary as we purely incorporate public market information along with financial and corporate news.