Latest news with #ApolloSilver
Yahoo
10-07-2025
- Business
- Yahoo
Apollo Silver (APGO) (APGOF); Right Assets, Right Management and Right Time
Vancouver, Kelowna, and Delta, British Columbia--(Newsfile Corp. - July 10, 2025) - a global investor news source covering mining and metals stocks, issues a snapshot of Apollo Silver Corp. (TSXV: APGO) (OTCQB: APGOF) showing how it's executing its vision of owning significant silver assets, attracting world class management with the recent appointment of President and CEO, Ross McElroy and building long term value for its shareholders. Apollo Silver (Apgo) (Apgof); Right Assets, Right Management and Right TimeTo view an enhanced version of this graphic, please visit: For mining investors, Ross McElroy's name has become legendary; building a successful uranium company and providing shareholders with an exit strategy that made headlines around the world. McElroy, a professional geologist, brings over 38 years of mining industry expertise, spanning operational and corporate roles across major, mid-tier and junior mining and exploration companies. Last year, as CEO of TSX-listed Fission Uranium, McElroy executed a deal to be acquired by Australian company Paladin Energy, in an all-stock transaction valued at $1.14 billion. For Andy Bowering, former CEO and now Chairman at Apollo, bringing in Ross at this stage of the game was a familiar path, following his strategy at Prime Mining Corp and other companies. Bowering handed over the reins to Ross, knowing he could take Apollo from exploration to production based on a track record that few have achieved in the mining sector. Bowering is a venture capitalist with 30 plus years of history of putting deals together; finding the right assets and then bringing in leadership at the right moment that can take the deal to the next level. Talking of Ross, he said, "Our ability to attract someone with Ross' expertise, energy and track record of value creation speaks volumes about the opportunity at Apollo. I believe he will have a transformative impact on the Company's future and all stakeholders will benefit greatly." Bowering also told Investorideas in a recent Exploring Mining Podcast, "I've had a few great exits for shareholders but I have never hit the billion dollar mark and that's why we wanted Ross under our umbrella." Apollo's current portfolio consists of two silver exploration and resource development projects, the Calico Project, in San Bernardino County, California and the Cinco de Mayo Project in Chihuahua, Mexico. Apollo is currently fully funded to advance its projects with cash in the bank of $11 Million in the treasury as of June 2025. Looking at the current silver projects, the California Calico Project is one of the US's largest undeveloped primary silver deposits. The Company acquired it for $41 Million and put another $13 Million into it, betting big on the opportunity. The Calico Project, comprising the adjacent Waterloo and Langtry properties, is located in the historic Calico Silver Mining District in the Mojave Desert of San Bernardino County, California. Ross McElroy spoke of the Calico Project in a recent interview, saying, "It isn't just land; it's land that is meaningful." He went on to note, "It is a result of the Calico fault system that runs from the northwest to the southeast and is responsible for the emplacement of Langtry and Waterloo deposits that occur long the Calico fault trend. Importantly, the new claims are following the controlling primary mineralized feature, so they are located along strike and trend for the mineralization in the system. "We already know that there is are a number or of historic surface anomalies of silver and gold as well as a number of base metals including zinc and copper on the new claims. It is our job to go about executing the proper exploration process in order to generate new and significant targets for drilling. "We think we can make further discoveries of gold and silver that we see along this trend." Apollo announced an updated mineral resource estimate ("MRE") for the Calico Project (the "2023 MRE"), which now contains 110 million ounces (Moz) silver in 34.2 million tonnes (Mt) at an average grade of 100 grams per tonne (g/t) silver in Measured and Indicated category, and 0.72 Moz silver in 0.29 Mt at an average grade of 77 g/t silver in the Inferred category, all at Waterloo. Apollo and its management saw an opportunity to expand on the project and on May 20th, the Company announced it had increased the Calico land package by over 285% from 1,194 ha to 3,409 ha of contiguous claims. The Calico land package announcement was the first news from Apollo under the new management direction with Ross McElroy as President and CEO. The newly acquired Mule claims consist of 415 lode mining claims, acquired from LAC Exploration LLC, a wholly-owned subsidiary of Lithium Americas Corp. (TSX: LAC) ( NYSE: LAC), the previous operators of the property. Historic preliminary mapping and sampling of the Mule claims from the former operator have identified several high-grade silver anomalies. Commenting on the opportunity, Ross McElroy, President and CEO of Apollo said in the press release, "The addition of the Mule claims substantially enhances the Calico Project. Calico already hosts 3 discrete drill delineated zones with resource estimates along a 4km long trend, along the Calico fault zone. The Mule claims increase the overall land area of the Calico project by more than 2.5x. The new claims are strategically located to the east along the very prolific Calico mineralized corridor and represent a great opportunity for further discoveries. Apollo is committed to continuing to unlock value in California for our shareholders." With the strong environmental concerns in California, its low 1.1:1 strip ratio ensures optimized operations and a minimalized footprint. Looking at the growth opportunities at Calico, the Company says there is "potential to expand silver and gold resources and the intent to add barite to future resource update, making a potentially meaningful contribution to project economics." With Apollo making its silver assets the primary focus, barite may open other doors, with the US mandate prioritizing critical minerals for national security designating barite as a critical mineral. Barite serves multiple purposes, notably as a weighting agent in oil and gas drilling fluids to manage borehole pressure. So what's next for the Calico project? The Company plans continued resource growth and conversion, working to extend the 2024 drill permits at Waterloo Project, and de-risking and advancing the project towards production. Apollo's Cinco de Mayo Project, in Chihuahua, is located on the Northwest and Southeast trend that hosts the world's largest Carbonate Replacement Deposits. Cinco de Mayo is made up of 29 concessions totaling over 25,000 ha located in the Municipio de Buenaventura, with a high-grade historical resource of approximately 154M AgEq oz. In September 2024, Apollo entered into an exploration, earn-in and option agreement with MAG Silver Corp. (TSX: MAG) and its subsidiary, Minera Pozo Seco, S.A. de C.V. to acquire the Cinco de Mayo Project. Apollo was able to acquire the option at a discount to its potential valuation, but with a challenge of establishing social license in Mexico. Once social license has been achieved, Apollo Silver will secure the necessary licensing and permits to access and conduct exploration activities on the Cinco de Mayo property. Bowering's history with Prime Mining Corp and its 'boots on the ground' presence in Mexico gives him in-depth experience on how to navigate the next steps. The Company will be engaging with local community members to rebuild trust and gain access, with a goal of building a mine that will generate employment and meet environmental standards. An advantage operationally, the Cinco de Mayo's primary mine is an underground mine, fitting into the current narrative banning future open pit mining, thus aligning with environment concerns. The Cinco de Mayo project, with the Pegaso Zone representing a potential significant new discovery, is blue sky to Apollo if they achieve exploration approval. Building shareholder value is important to Apollo's management team. "Apollo's strategy is to provide maximum upside to investors through focusing our exploration and resource definition programs in mining jurisdictions with historic silver production and limited modern exploration." This is not just a statement on their website; it is backed by their actions. Bowering can relate to investors and is a large shareholder in the company, having put $6 Million of his own capital into the company and not taking a salary during his term as President. Ross McElroy echoed Andy's sentiment about having skin in the game, saying recently he is also a shareholder and it's important to have management that are shareholders, so all of the interests are aligned. The winning combinations of Ross McElroy and Andy Bowering have track records of successful exit strategies for their shareholders. Apollo's executive team has been involved in over $5B of M&A activity. With a base of two significant silver projects, they are also focused on finding additional opportunities and building out assets for Apollo Silver. With silver prices rising and a renewed focus from the US Government to prioritize critical and strategic mineral resources, Andrew Bowering says, "This is the right place, right time for Apollo." Visit for further information. Apollo Corporate Presentation: Research mining stocks at with our free mining stocks directory at About - Big Investing Ideas is the go-to platform for big investing ideas. From breaking stock news to top-rated investing podcasts, we cover it all. Disclaimer/Disclosure: This article featuring Apollo Silver Corp is paid for content as part of a monthly featured mining stock service (payment disclosure). Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This is not investment opinion. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions. More disclaimer info: Learn more about publishing your news release and our other news services on the newswire Global investors must adhere to regulations of each country. Please read privacy policy: Follow us on X @investorideas @Exploringmining Follow us on Facebook Follow us on YouTube Contact to be a guest or sponsor this podcast800-665-0411 To view the source version of this press release, please visit
Globe and Mail
26-06-2025
- Business
- Globe and Mail
Exploring Mining's Silver Discussion with Apollo Silver, and Mining Expert Chris Temple
Seasoned Experts in Mining Talk about Silver Market and what's next for Apollo's (APGO) (APGOF) Flagship Silver Properties Vancouver, Kelowna, and Delta, British Columbia--(Newsfile Corp. - June 26, 2025) - a global investor news source covering mining and metals stocks releases a new episode of the Exploring Mining Podcast. In today's episode, Cali Van Zant hosts a top tier Silver discussion featuring renowned mining investment expert, Chris Temple, editor and publisher of The National Investor, and Apollo Silver Corp 's. (TSXV: APGO) (OTCQB: APGOF) management; Chairman Andy Bowering and recently appointed President and CEO, Ross McElroy. Exploring Mining's Silver Discussion with Apollo Silver, and Mining Expert Chris Temple To view an enhanced version of this graphic, please visit: Ross McElroy joined Apollo following the successful acquisition of Fission Uranium, a company he co-founded and led as CEO, by Paladin Energy in a $1.14 billion transaction. He is a professional geologist with over 38 years of mining industry experience, both in operational and corporate roles, having worked with majors, mid-tiers, and juniors. For investors following the silver market and silver stocks, the podcast explores silver's current market, with Temple noting its technical improvement and chronic supply shortfalls. McElroy highlights silver's 25% price surge over the past six months, outpacing gold. The episode also dives into Apollo's strategic advancements and updates on their flagship Calico (California) project and Cinco de Mayo (Mexico) project. The company recently expanded the Calico Project land package by over 285%. Already the one of the largest undeveloped silver projects in the US, the additional Calico claims form just one part of Apollo's aggressive growth strategy. Cinco de Mayo in Mexico is a silver-zinc asset with a historic resource of 50 million ounces of silver and 1.8 billion pounds of zinc. The combined expertise of the three panel members provides investors with in-depth perspective and insight into what it takes to build a successful mining company in today's silver market. Watch on YouTube: Cannot view this video? Visit: About Apollo Silver (TSXV: APGO) (OTCQB: APGOF) Apollo Silver has assembled an experienced and technically strong leadership team who have joined to advance quality precious metals projects in sought after jurisdictions. The Company is focused on advancing its portfolio of two prospective silver exploration and resource development projects, the Calico Project, in San Bernardino County, California and the Cinco de Mayo Project, in Chihuahua, Mexico. Visit for further information. Corporate Presentation: About Chris Temple Chris Temple is editor and publisher of The National Investor. He has had an over 40-year career now in the financial/investment industry. Temple is a sought-after guest on radio stations, podcasts, blogs and the like all across North America, as well as a sought-after speaker for organizations. His ability to help average investors unravel, understand and navigate today's markets is unparalleled; and his ability to uncover "off-the-radar" companies is likewise. Listen to Exploring Mining on Spotify Listen to Exploring Mining podcast on iTunes Apple podcasts Hear other episodes of the Exploring Mining Podcast, rated as one of the top 30 mining podcasts to listen to in 2025, The podcasts are also available on Apple Podcasts, Audible, Spotify, Tunein, Stitcher, iHeartRadio, Google Podcasts and most audio platforms available. Visit the Podcast page at Research mining stocks at with our free mining stocks directory at About - Big Investing Ideas is the go-to platform for big investing ideas. From breaking stock news to top-rated investing podcasts, we cover it all. Disclaimer/Disclosure: This podcast and article featuring Apollo Silver Corp is paid for content as part of a monthly featured mining stock service (payment disclosure). Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This is not investment opinion. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published/created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions. More disclaimer info: Learn more about publishing your news release and our other news services on the newswire Global investors must adhere to regulations of each country. Please read privacy policy:
Yahoo
25-06-2025
- Business
- Yahoo
CEO.CA's Inside the Boardroom: Apollo Silver is Charging Into New Era of Growth at Calico, While Silver Surges 25%
Toronto, Ontario--(Newsfile Corp. - June 25, 2025) - (" the leading investor social network in junior resource and venture stocks, shares exclusive updates with CEOs of junior mining explorers. Founded in 2012, a wholly owned subsidiary of EarthLabs, Inc., is one of the most popular free financial websites and apps in Canada and for investors globally - with industry leading audience engagement and mobile functionality. Millions of people visit each year to connect with investors from around the world, share knowledge and view impactful stories about stocks, commodities, and emerging companies. As a media partner at investor events around the world, provides coverage of the companies shaping the future of mining, meeting with industry leaders to learn more about their vision and strategy. Meet the Executives Shaping the Mining Landscape We caught up with Ross McElroy, President & CEO of Apollo Silver Corp (TSXV: APGO) (OTCQB: APGOF) (FSE: 6ZF0) to discuss silver's explosive rally and how Apollo's Calico and Cinco de Mayo projects are positioned to capitalize on it. Apollo Silver Corp(TSXV: APGO) (OTCQB: APGOF) (FSE: 6ZF0) Cannot view this video? Visit: Tune into 'Inside the Boardroom' each week and be part of the conversation that's shaping the business landscape. Visit or our YouTube page for hundreds more executive interviews from here. Interested in showcasing your company on 'Inside the Boardroom'? Get in touch with our team at sales@ for further details and opportunities. About The leading community for investors & traders in junior resource & venture stocks. is one of the most popular free financial websites and apps in Canada and for small-cap investors globally -- with industry leading audience engagement and mobile functionality. Since 2012, has brought millions of investors together from over 164 countries to discuss their portfolio holdings and find new investment opportunities. Download our App on iOS or Android marketplace or visit us today at to set up your free account. is a wholly owned subsidiary of EarthLabs, Inc. For further information please contact: Email: hello@ Neither the TSX Venture Exchange ("TSXV"), OTC Best Market "(OTCQX") nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release. Cautionary Statement The information regarding any issuer contained or referred to in any interviews conducted by has been furnished by such issuer directly, and neither nor any of its affiliates or principals assumes any responsibility for the accuracy or completeness of such information or for any failure by an issuer to ensure disclosure of events or facts which may affect the significance or accuracy of any such information. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This news release contains forward-looking information which involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information in this news release may include, but is not limited to, the objectives, goals, future plans, statements regarding exploration results and exploration and/or development plans of companies featured on the platform. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, capital and operating costs varying significantly from estimates, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, fluctuations in commodity prices, delays in the development of projects, currency risk and the other risks involved in the applicable exploration and development industry, and those risks set out in the public documents of such companies filed on SEDAR or elsewhere from time to time. Undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law. To view the source version of this press release, please visit Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
29-05-2025
- Business
- Globe and Mail
Silver Stocks Land Acquisitions to Meet Supply Demands
"Silver Stocks Land Acquisitions to Meet Supply Demands" a global investor news source covering gold and silver stocks presents a mining snapshot highlighting news from silver miners, from expanded land packages to acquisitions, featuring Apollo Silver Corp. (TSX.V: APGO) (OTCQB: APGOF) (Frankfurt: 6ZF0). May 29, 2025 - a global investor news source covering gold and silver stocks presents a mining snapshot highlighting news from silver miners, from expanded land packages to acquisitions, featuring Apollo Silver Corp. (TSX.V: APGO) (OTCQB: APGOF) (Frankfurt: 6ZF0). The Company is focused on advancing its portfolio of two prospective silver exploration and resource development projects, the Calico Project, in San Bernardino County, California, and its option on the Cinco de Mayo Project, in Chihuahua, Mexico. With strong demand and a supply deficit since 2021, silver miners are actively acquiring land and developing projects to increase production and address the shortfall. Stocks mentioned in this article: Pan American Silver Corp. (NYSE: PAAS) (TSX: PAAS), Dolly Varden Silver Corporation (TSXV: DV) (NYSE American: DVS), First Majestic Silver Corp. (NYSE:AG) (TSX:AG). In line with the sector's growth strategy, Apollo Silver Corp. (TSX.V: APGO) (OTCQB: APGOF) (Frankfurt: 6ZF0) recently announce it has acquired 2,215 hectares of highly prospective claims contiguous to its Waterloo property at its Calico Silver Project. From the news: The newly acquired claims, referred to as the Mule claims, comprise 415 lode mining claims and were acquired from LAC Exploration LLC, a wholly-owned subsidiary of Lithium Americas Corp. (TSX: LAC) (NYSE: LAC), which was the previous operator of the property. Preliminary mapping and sampling conducted by the previous operator of the Mule claims identified several high-grade silver targets, which will be evaluated as part of Apollo's future exploration planning. Additionally, a mapping and sampling program was recently completed at the Burcham gold prospect area in the southwest region of the Waterloo property (see news release dated February 12, 2025). This program confirmed the Calico fault system's role in controlling silver (Ag) and gold (Au) mineralization in the area and identified potential for copper (Cu), zinc (Zn), and lead (Pb) mineralization associated with stratabound and manto lenses. Highlights: Mule claims expand the Calico Project land package by over 285%, from 1,194 hectares to 3,409 hectares of contiguous claims. Mule claims trend along the mineralized Calico Fault System responsible for mineralization seen at Calico. Reports from the prior operator indicate that there are several strongly anomalous silver values on the property, which Apollo will attempt to ground-truth in the coming exploration programs. Sampling done across the Mule claims by previous operator has identified a large Ag anomaly associated with the same suite of host rocks at the Waterloo property. Exploration at the Burcham prospect at Waterloo included assays from 27 surface samples: Assay peaks up to 14.10 g/t Au, 20.70 g/t Ag, 0.17% Cu, 22.80% Zn and 5.74 % Pb from various samples. Identification of strata-bound lenses and mantos that show strong potential for Cu, Zn and Pb mineralization. Ross McElroy, President and CEO of Apollo commented, 'The addition of the Mule claims substantially enhances the Calico Project. Calico already hosts three discrete drill-delineated zones with resource estimates along a 4-km-long trend within the Calico fault zone. The Mule claims increase the project's land area by 2.5 times, strategically located to the east along this highly prospective mineralized corridor, offering significant potential for further discoveries. Apollo is committed to unlocking value in California for our shareholders.' The Mule claims, comprising 415 lode mining claims administered by the Bureau of Land Management, feature a continuation of the mineralized Calico Fault System, as identified through mapping and sampling by the previous operator. The sedimentary rocks of the Barstow Formation, which hosts the Waterloo silver deposit and the volcanic Pickhandle Formation are prevalent across the acquired claims. The contact between the Barstow and Pickhandle Formations has demonstrated potential for gold mineralization, similar to that at Waterloo. Sampling across the Mule claims has identified several strong Ag and Au anomalies. Apollo plans to conduct a follow-up exploration program to develop exploration targets and delineate this highly prospective contact. Earlier this month, Pan American Silver Corp. (NYSE: PAAS) (TSX: PAAS) and MAG Silver Corp.(NYSEAM: MAG) (TSX: MAG) announced a definitive agreement for Pan American to acquire all issued and outstanding common shares of MAG through a plan of arrangement. MAG, a tier-one primary silver mining company, holds a 44% joint venture interest in the large-scale, high-grade Juanicipio mine, operated by Fresnillo plc, which holds the remaining 56% interest in the joint venture. More from the news: Under the terms of the transaction, MAG shareholders will receive total consideration of approximately $2.1 billion, equivalent to $20.54 per MAG share, based on the closing price of Pan American's common shares on the New York Stock Exchange (NYSE) on May 9, 2025. The consideration comprises $500 million in cash and 0.755 Pan American shares per MAG share, subject to proration. This represents premiums of approximately 21% and 27% to the closing price and 20-day volume-weighted average price (VWAP) of MAG's common shares on the NYSE American (NYSEAM) as of May 9, 2025. Upon completion, existing MAG shareholders will own approximately 14% of Pan American's shares on a fully diluted basis, benefiting from participation in a larger, diversified, and growth-oriented silver and gold producer. Michael Steinmann, President and CEO of Pan American commented: 'Our acquisition of MAG brings into Pan American's portfolio one of the best silver mines in the world. Juanicipio is a large-scale, high-grade, low-cost silver mine that will meaningfully increase Pan American's exposure to high margin silver ounces. Furthermore, we see future growth opportunities through the significant exploration potential at Juanicipio as well as MAG's Deer Trail and Larder properties. This strategic acquisition further solidifies Pan American as a leading Americas-focused silver producer. We would like to thank the Fresnillo and the Juanicipio management teams for the constructive interactions and impressive site visit. Together, we bring many decades of operator experience in Mexico and Latin America to the Joint Venture and we are looking forward to a collaborative future and value generation for all shareholders involved.' George Paspalas, President and CEO of MAG commented, 'This transaction represents a compelling opportunity for our shareholders, providing an immediate premium and meaningful exposure to Pan American's world-class assets and proven growth strategy. We are proud of what we've accomplished at MAG, particularly our partnership with Fresnillo which has created extraordinary value at the exceptional Juanicipio mine. Through the acquisition of our interest by Pan American – a respected leader in the global precious metals industry – our shareholders will participate in an exciting future defined by operational excellence, substantial exploration potential, and strong financial stewardship with significant portfolio exposure.' Dolly Varden Silver Corporation (TSXV: DV) (NYSE American: DVS) (FSE: DVQ) recently announced that, following its news release dated May 5, 2025, it has completed the acquisition of the Kinskuch Property in northwest British Columbia's Golden Triangle. From the news: The Kinskuch Property is adjacent to the Company's Kitsault Valley Project and dramatically increases the Kitsault Valley Project size to approximately 77,000 hectares, covering some of the most underexplored and prospective rocks for silver, gold and copper mineralization in the Golden Triangle. Dolly Varden completed its acquisition of the Kinskuch Property from Hecla Mining Company for consideration of $5 million, which was satisfied by Dolly Varden issuing 1,351,963 common shares of the Company to Hecla. Hecla will also retain a 2% net smelter return royalty on the Kinskuch Property area (the "NSR"). The NSR will include a 50% buyback right, for $5 million, that will allow Dolly Varden to reduce the royalty to 1% at any time. As per an existing agreement between Dolly Varden and Hecla, Hecla will maintain a designated position on Dolly Varden's Technical Committee, working together to unlock the potential of the underexplored areas. The year began with a significant development for the sector when, in January, First Majestic Silver Corp. (NYSE:AG) (TSX:AG) (FSE:FMV) and Gatos Silver, Inc. announced the completion of First Majestic's acquisition of Gatos Silver under the agreement and plan of merger, as detailed in their joint news release dated September 5, 2024. More from the news: On Tuesday, January 14, 2025, both First Majestic and Gatos Silver announced that they received all necessary shareholder approvals at the respective special meetings of each company's shareholders. Approximately 98.44% of the votes cast at the special meeting of First Majestic's shareholders were voted in favour and approximately 99.23% of the votes cast at the special meeting of Gatos Silver's stockholders were voted in favour. Under the terms of the Merger Agreement, First Majestic has acquired all of the issued and outstanding shares of common stock of Gatos Silver and Gatos Silver is now a wholly-owned subsidiary of First Majestic. Stockholders of Gatos Silver will receive 2.55 First Majestic common shares for each Gatos Silver Share held, and cash in lieu of fractional First Majestic Shares . 'With the closing of this transaction, First Majestic is integrating a high-quality, long-life, positive-free-cash-flow operation into our portfolio of producing mines in Mexico. Cerro Los Gatos is truly a world-class district with robust production and cost efficiency, combined with significant exploration potential,' said Keith Neumeyer, President and CEO. 'Over the coming quarters, we will communicate our plans for Cerro Los Gatos, including strategies to realize synergies and integration throughout the business. I take this opportunity to personally welcome Gatos Silver shareholders into First Majestic as we create the industry's leading intermediate primary silver producer. Finally, I welcome our joint venture partner, Dowa Metals and Mining, with whom we look forward to working closely at Cerro Los Gatos as a supportive and trusted partner.' These acquisitions underscore the growing trend of land asset expansion and consolidation among silver miners. About - Big Investing Ideas Investorideas is the go-to platform for big investing ideas. From breaking stock news to top-rated investing podcasts, we cover it all. Disclaimer/Disclosure: This article featuring Apollo Silver Corp is paid for content as part of a monthly featured mining stock service. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. Investor ideas does not provide investment opinion but may quote industry experts and their opinions. More disclaimer info: Global investors must adhere to regulations of each country. Please read privacy policy on our site. Follow us on X @investorideas Contact Investorideas 800-665-0411 Media Contact Company Name: Investor ideas Contact Person: Dawn Van Zant Email: Send Email Phone: 800 665 0411 Address: 5134 Cliff Drive City: Delta State: BC Country: Canada Website:
Yahoo
29-05-2025
- Business
- Yahoo
Silver Stocks and the Land Grab for Silver Assets
Vancouver, Kelowna, and Delta, British Columbia--(Newsfile Corp. - May 29, 2025) - a global investor news source covering gold and silver stocks presents a mining snapshot highlighting news from silver miners, from expanded land packages to acquisitions, featuring Apollo Silver Corp. (TSXV: APGO) (OTCQB: APGOF) (FSE: 6ZF0). Silver Stocks and the Land Grab for Silver Assets To view an enhanced version of this graphic, please visit: The Company is focused on advancing its portfolio of two prospective silver exploration and resource development projects, the Calico Project, in San Bernardino County, California, and its option on the Cinco de Mayo Project, in Chihuahua, Mexico. With strong demand and a supply deficit since 2021, silver miners are actively acquiring land and developing projects to increase production and address the shortfall. In line with the sector's growth strategy, Apollo Silver Corp. (TSXV: APGO) (OTCQB: APGOF) (FSE: 6ZF0) recently announce it has acquired 2,215 hectares of highly prospective claims contiguous to its Waterloo property at its Calico Silver Project. From the news:The newly acquired claims, referred to as the Mule claims, comprise 415 lode mining claims and were acquired from LAC Exploration LLC, a wholly-owned subsidiary of Lithium Americas Corp. (TSX: LAC) (NYSE: LAC), which was the previous operator of the property. Preliminary mapping and sampling conducted by the previous operator of the Mule claims identified several high-grade silver targets, which will be evaluated as part of Apollo's future exploration planning. Additionally, a mapping and sampling program was recently completed at the Burcham gold prospect area in the southwest region of the Waterloo property (see news release dated February 12, 2025). This program confirmed the Calico fault system's role in controlling silver (Ag) and gold (Au) mineralization in the area and identified potential for copper (Cu), zinc (Zn), and lead (Pb) mineralization associated with stratabound and manto lenses. Highlights: Mule claims expand the Calico Project land package by over 285%, from 1,194 hectares to 3,409 hectares of contiguous claims. Mule claims trend along the mineralized Calico Fault System responsible for mineralization seen at Calico. Reports from the prior operator indicate that there are several strongly anomalous silver values on the property, which Apollo will attempt to ground-truth in the coming exploration programs. Sampling done across the Mule claims by previous operator has identified a large Ag anomaly associated with the same suite of host rocks at the Waterloo property. Exploration at the Burcham prospect at Waterloo included assays from 27 surface samples: Assay peaks up to 14.10 g/t Au, 20.70 g/t Ag, 0.17% Cu, 22.80% Zn and 5.74 % Pb from various samples. Identification of strata-bound lenses and mantos that show strong potential for Cu, Zn and Pb mineralization. Ross McElroy, President and CEO of Apollo commented, "The addition of the Mule claims substantially enhances the Calico Project. Calico already hosts three discrete drill-delineated zones with resource estimates along a 4-km-long trend within the Calico fault zone. The Mule claims increase the project's land area by 2.5 times, strategically located to the east along this highly prospective mineralized corridor, offering significant potential for further discoveries. Apollo is committed to unlocking value in California for our shareholders." The Mule claims, comprising 415 lode mining claims administered by the Bureau of Land Management, feature a continuation of the mineralized Calico Fault System, as identified through mapping and sampling by the previous operator. The sedimentary rocks of the Barstow Formation, which hosts the Waterloo silver deposit and the volcanic Pickhandle Formation are prevalent across the acquired claims. The contact between the Barstow and Pickhandle Formations has demonstrated potential for gold mineralization, similar to that at Waterloo. Sampling across the Mule claims has identified several strong Ag and Au anomalies. Apollo plans to conduct a follow-up exploration program to develop exploration targets and delineate this highly prospective contact. Earlier this month, Pan American Silver Corp. and MAG Silver Corp announced a definitive agreement for Pan American to acquire all issued and outstanding common shares of MAG through a plan of arrangement. MAG, a tier-one primary silver mining company, holds a 44% joint venture interest in the large-scale, high-grade Juanicipio mine, operated by Fresnillo plc, which holds the remaining 56% interest in the joint venture. More from the news:Under the terms of the transaction, MAG shareholders will receive total consideration of approximately $2.1 billion, equivalent to $20.54 per MAG share, based on the closing price of Pan American's common shares on the New York Stock Exchange (NYSE) on May 9, 2025. The consideration comprises $500 million in cash and 0.755 Pan American shares per MAG share, subject to proration. This represents premiums of approximately 21% and 27% to the closing price and 20-day volume-weighted average price (VWAP) of MAG's common shares on the NYSE American (NYSEAM) as of May 9, 2025. Upon completion, existing MAG shareholders will own approximately 14% of Pan American's shares on a fully diluted basis, benefiting from participation in a larger, diversified, and growth-oriented silver and gold producer. Michael Steinmann, President and CEO of Pan American commented: "Our acquisition of MAG brings into Pan American's portfolio one of the best silver mines in the world. Juanicipio is a large-scale, high-grade, low-cost silver mine that will meaningfully increase Pan American's exposure to high margin silver ounces. Furthermore, we see future growth opportunities through the significant exploration potential at Juanicipio as well as MAG's Deer Trail and Larder properties. This strategic acquisition further solidifies Pan American as a leading Americas-focused silver producer. We would like to thank the Fresnillo and the Juanicipio management teams for the constructive interactions and impressive site visit. Together, we bring many decades of operator experience in Mexico and Latin America to the Joint Venture and we are looking forward to a collaborative future and value generation for all shareholders involved." George Paspalas, President and CEO of MAG commented, "This transaction represents a compelling opportunity for our shareholders, providing an immediate premium and meaningful exposure to Pan American's world-class assets and proven growth strategy. We are proud of what we've accomplished at MAG, particularly our partnership with Fresnillo which has created extraordinary value at the exceptional Juanicipio mine. Through the acquisition of our interest by Pan American - a respected leader in the global precious metals industry - our shareholders will participate in an exciting future defined by operational excellence, substantial exploration potential, and strong financial stewardship with significant portfolio exposure." Dolly Varden Silver Corporation recently announced that, following its news release dated May 5, 2025, it has completed the acquisition of the Kinskuch Property in northwest British Columbia's Golden Triangle. From the news:The Kinskuch Property is adjacent to the Company's Kitsault Valley Project and dramatically increases the Kitsault Valley Project size to approximately 77,000 hectares, covering some of the most underexplored and prospective rocks for silver, gold and copper mineralization in the Golden Triangle. Dolly Varden completed its acquisition of the Kinskuch Property from Hecla Mining Company for consideration of $5 million, which was satisfied by Dolly Varden issuing 1,351,963 common shares of the Company to Hecla. Hecla will also retain a 2% net smelter return royalty on the Kinskuch Property area (the "NSR"). The NSR will include a 50% buyback right, for $5 million, that will allow Dolly Varden to reduce the royalty to 1% at any time. As per an existing agreement between Dolly Varden and Hecla, Hecla will maintain a designated position on Dolly Varden's Technical Committee, working together to unlock the potential of the underexplored areas. The year began with a significant development for the sector when, in January, First Majestic Silver Corp. and Gatos Silver, Inc. announced the completion of First Majestic's acquisition of Gatos Silver under the agreement and plan of merger, as detailed in their joint news release dated September 5, 2024. More from the news:On Tuesday, January 14, 2025, both First Majestic and Gatos Silver announced that they received all necessary shareholder approvals at the respective special meetings of each company's shareholders. Approximately 98.44% of the votes cast at the special meeting of First Majestic's shareholders were voted in favour and approximately 99.23% of the votes cast at the special meeting of Gatos Silver's stockholders were voted in favour. Under the terms of the Merger Agreement, First Majestic has acquired all of the issued and outstanding shares of common stock of Gatos Silver and Gatos Silver is now a wholly-owned subsidiary of First Majestic. Stockholders of Gatos Silver will receive 2.55 First Majestic common shares for each Gatos Silver Share held, and cash in lieu of fractional First Majestic Shares . "With the closing of this transaction, First Majestic is integrating a high-quality, long-life, positive-free-cash-flow operation into our portfolio of producing mines in Mexico. Cerro Los Gatos is truly a world-class district with robust production and cost efficiency, combined with significant exploration potential," said Keith Neumeyer, President and CEO. "Over the coming quarters, we will communicate our plans for Cerro Los Gatos, including strategies to realize synergies and integration throughout the business. I take this opportunity to personally welcome Gatos Silver shareholders into First Majestic as we create the industry's leading intermediate primary silver producer. Finally, I welcome our joint venture partner, Dowa Metals and Mining, with whom we look forward to working closely at Cerro Los Gatos as a supportive and trusted partner." These acquisitions underscore the growing trend of land asset expansion and consolidation among silver miners. Research more mining stocks at with our mining stocks directory at About - Big Investing is the go-to platform for big investing ideas. From breaking stock news to top-rated investing podcasts, we cover it all. Disclaimer/Disclosure: This article featuring Apollo Silver Corp is paid for content as part of a monthly featured mining stock service. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. 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