Apollo Silver enters deal to earn into Cinco de Mayo Project in Mexico [Yahoo! Finance]
MAG Silver Corporation Ordinary Shares (MAG)
Last mag silver corporation ordinary shares earnings: 11/8 06:37 am
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US:NASDAQ Investor Relations:
magsilver.com/s/investorrelations.asp
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Source: Yahoo! Finance
The agreement with MAG Silver and its subsidiary Minera Pozo Seco grants Apollo Silver an option to acquire all outstanding shares of MAG's wholly owned subsidiary 0890887 B.C. (NumberCo). NumberCo is the indirect controlling shareholder of MPS, which is the beneficial owner of the mineral concessions comprising the Cinco de Mayo Project. Apollo Silver will control exploration and development activities on the project for a five-year term. To exercise the option, Apollo Silver is required to complete at least 20,000m of exploratory drilling and obtain necessary licensing for mining activities. Upon successful exercise, Apollo Silver will issue shares to MAG, representing 19.9% ownership. The issued shares will be subject to a four-month statutory hold. During the option term, Apollo Silver will manage all project-related expenses. Post-exercise, MAG will have rights to participate in equity interests to maintain its ownership percentage. Cinco de Mayo spans around 25,000
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MAG
News
- Bullish on MAG Silver Corp. [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- MAG Silver Reports Third Quarter Financial Results [Yahoo! Finance]Yahoo! Finance
- MAG Silver Reports Third Quarter Financial ResultsGlobeNewswire
- Are Basic Materials Stocks Lagging MAG Silver (MAG) This Year? [Yahoo! Finance]Yahoo! Finance
- MAG Silver (MAG) Upgraded to Strong Buy: Here's Why [Yahoo! Finance]Yahoo! Finance
MAG
Earnings
- 8/2/24 - Beat
MAG
Sec Filings
- 11/12/24 - Form SC
- 11/12/24 - Form 6-K
- 11/12/24 - Form 6-K
- MAG's page on the SEC website