Latest news with #Magma
Entrepreneur
2 days ago
- Business
- Entrepreneur
GVFL Invests in Magma as Part of Extended Series A Round
This funding round also includes notable investors such as Capria Ventures, General Catalyst, and Accion Venture Lab. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. GVFL Ltd has announced a strategic investment in Magma, an Ahmedabad-based industrial solutions provider, as part of the company's extended Series A round. This funding round also includes notable investors such as Capria Ventures, General Catalyst, and Accion Venture Lab. Founded in 2022 by Neal Thakker, Magma offers a range of services to factories, including raw material supply, green energy solutions, waste management, and logistics. The startup claims to have reached an annualised revenue run rate of INR 300 crore and has served over 350 industrial clients. Already operating profitably, Magma now aims to hit a revenue run rate of INR 1,000 crore in the next two years through geographic and vertical expansion. Mihir Joshi, Managing Director at GVFL, said, "We are delighted to support Magma in its mission to digitise and streamline factory operations for Indian manufacturers. The team brings strong execution capabilities and a sharp understanding of on-ground challenges in the sector. At GVFL, we look to back entrepreneurs building scalable solutions for traditional industries." Neal Thakker, Founder and CEO of Magma, added, "GVFL's entry into our cap table felt intuitive. Their deep presence in Gujarat's industrial landscape and alignment with the Government of Gujarat makes them an incredibly strategic partner," he noted. "As we scale nationally, having a local growth partner that understands the pulse of traditional industries adds tremendous value." Magma currently operates in 10 Indian states and supports sectors such as ceramics, chemicals, packaging, plastics, and polymers. It has raised more than USD 8 million to date and positions itself as a key player in building sustainable and technology-driven supply chains for Indian manufacturers.
Malaysian Reserve
5 days ago
- Business
- Malaysian Reserve
Silver's Surprise Breakout Could Mint the Metal's Biggest Bull Run Since 2011
USA News Group News Commentary Issued on behalf of Magma Silver Corp. VANCOUVER, BC, July 18, 2025 /PRNewswire/ — USA News Group News Commentary – Within the last week, silver crossed the $39 barrier, hitting its highest level since 2011. Now analysts are predicting what could be the summer of silver, for both bullion and mining stocks, as witnessed by recent ETF trends. Despite a more recent pullback, silver's price remains higher than it's been in recent memory, in what some analysts are calling a generational technical breakout. This recent bullish environment is causing the market to start shifting focus to silver miners, including paying closer attention to recent developments from Magma Silver Corp. (TSXV: MGMA) (OTCQB: MAGMF), Fortuna Mining Corp. (NYSE: FSM) (TSX: FVI), Endeavour Silver Corp. (NYSE: EXK) (TSX: EDR), MAG Silver Corp. (NYSE: MAG) (TSX: MAG), and Pan American Silver Corp. (NYSE: PAAS) (TSX: PAAS). The real signal for silver may still be ahead, as long-term demand drivers in industrial and green tech sectors continue to build a case for silver miners. Some analysts now believe silver's rally is just getting started. UBS sees $40 silver on the horizon, while others are coming out with bold targets ranging from US$100 to as high as US$130 per ounce. Magma Silver Corp. (TSXV: MGMA) (OTCQB: MAGMF) has just opened a Lima headquarters and hired a full in‑country team to accelerate its 4,100‑hectare Niñobamba silver‑gold project, a high-potential unmined high‑sulfidation systems. 'Magma has established a first-class operating team in Peru,' said Stephen Barley, CEO and Chairman of Magma Silver. 'We have successfully created the team in record time, thanks to the guidance of Jeffrey Reeder, our Senior Technical Advisor, and his extensive experience in mining operations in Peru, spanning over 30 years. ' Veteran geologist and mine builder Carlos Agreda Minaya takes over as General Manager, backed by legal counsel Dentons, environmental specialist Ecosoul, and field expert Edgar Leon Choque, all working toward drill permits for the Jorimina and Randypata zones that could arrive this month. 'The establishment of an experienced operations team we can trust will make a significant contribution to our success in Peru,' said Stephen Barley, CEO and Chairman of Magma Silver. 'Peru is a sophisticated, mining-friendly jurisdiction with detailed regulatory requirements that must be strictly adhered to. The experienced team we are involved with will ensure smooth operations for Magma.' Their goal is a Q3 2025 diamond drill program that finally applies modern 3‑D targeting to ground that majors such as Newmont and AngloGold already spent more than US$10 million testing, returning historic highlight hits like 72.3 metres of 1.19 g/t gold and 130 metres of 87 g/t silver. Magma controls three contiguous zones — Niñobamba, Randypata, and Jorimina — believed to form part of a single high-sulfidation system. With all claims in good standing through at least June 2026, Magma has full operational control and is preparing for a diamond drill campaign targeted for Q4 2025. Surface access agreements are already secured for Randypata and Jorimina, and discussions are advancing for Niñobamba. Magma expects to receive drill permits for Jorimina and Randypata as early as this month, while groundwork continues with Alpha IP geophysics, mapping, and sampling across the corridor. With fewer than 34 million shares outstanding and all claims secure through at least June 2026, Magma Silver is moving from paper plans to on‑the‑ground execution, giving new investors a tightly held shot at a proven but under‑explored system. CONTINUED… Read this and more news for Magma Silver at: In other industry developments and happenings in the market include: Silver was the standout metal for Fortuna Mining Corp. (NYSE: FSM) (TSX: FVI) in Q2 2025, as its Caylloma Mine delivered 240,621 ounces on grades of 64 g/t and recoveries above 83%. The mine also turned out 12.9 million pounds of zinc and 8.9 million pounds of lead, bolstering cash flow even as management stays laser‑focused on silver. Caylloma's 9,493 gold‑equivalent ounces form the backbone of Fortuna's 71,229‑ounce consolidated total and leave the operation pacing toward the high end of its annual guidance. After shedding non‑core assets, the company can channel more capital into Caylloma's underground expansion and near‑mine exploration aimed at lifting future silver tonnage. Endeavour Silver Corp. (NYSE: EXK) (TSX: EDR) turned out 1,483,736 oz of silver in Q2 2025, a 13% jump year‑over‑year that lifted total output to 2.53 million silver‑equivalent ounces. The gain stems mainly from the newly acquired Kolpa mine, which processed 118,896 t of ore at 111 g/t silver while management fast‑tracks integration work. With Terronera averaging 1,400 t/d late in the quarter, Endeavour has two fresh growth levers to keep silver volumes climbing into 2026. 'We delivered strong and consistent production in the second quarter,' said Dan Dickson, CEO of Endeavour Silver. 'The integration of Kolpa is progressing smoothly, with output already trending above initial expectations. At the same time, Terronera continues to move steadily toward commercial production. This is a pivotal time for Endeavour as we build operational momentum and position the Company for meaningful, long-term growth.' MAG Silver Corp. (NYSE: MAG) (TSX: MAG) shareholders have approved, by a 99.52% vote, a plan‑of‑arrangement under which Pan American Silver Corp. (NYSE: PAAS) (TSX: PAAS) will acquire the company for a mix of cash and shares. '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,' said George Paspalas, President and CEO of MAG. '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.' Each holder may choose $20.54 in cash or 0.755 Pan American Silver shares per MAG Silver share, subject to a $500 million cash cap. With 59.03% of shares represented at the July 10 meeting, closing is targeted for the second half of 2025 following final Mexican competition clearance. 'Our acquisition of MAG brings into Pan American's portfolio one of the best silver mines in the world,' said Michael Steinmann, President and CEO of Pan American. 'This strategic acquisition further solidifies Pan American as a leading Americas-focused silver producer. 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.' The transaction rolls MAG Silver's 44% stake in the high‑grade Juanicipio mine into Pan American Silver's portfolio, giving retail investors either an immediate payout or ongoing exposure to a larger silver producer. Article Source: CONTACT: USA NEWS GROUP info@ (604) 265-2873 DISCLAIMER: Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. USA News Group is a wholly owned subsidiary of Market IQ Media Group, Inc. ('MIQ'). This content is being distributed for media Corp, who has been paid a fee for an advertising contract with Magma Silver Corp. MIQ has not been paid a fee for Magma Silver Corp. advertising or digital media, but the owner/operators of MIQ also co-own Media Corp. ('BAY') There may also be 3rd parties who may have shares of Magma Silver Corp. and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. The owner/operator of MIQ/BAY does not own any shares of Magma Silver Corp. but reserve the right to buy and sell and will buy and sell shares of Magma Silver Corp. at any time without any further notice commencing immediately and ongoing. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material, including this article, which is disseminated by MIQ on behalf of BAY has been approved by Magma Silver Corp. Technical information relating to and published by Magma Silver Corp. has been reviewed and approved by Jeffrey Reeder, PGeo, a Qualified Person as defined by National Instrument 43-101. Mr. Reeder is a Technical Advisor of Magma Silver Corp., and therefore is not independent of the Company; this is a paid advertisement, we currently do not own any shares of Magma Silver Corp. but will likely buy and sell shares of the company in the open market, or through private placements, and/or other investment vehicles. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment. Logo – View original content:
Cision Canada
5 days ago
- Business
- Cision Canada
Silver's Surprise Breakout Could Mint the Metal's Biggest Bull Run Since 2011
Issued on behalf of Magma Silver Corp. VANCOUVER, BC, July 18, 2025 /CNW/ -- USA News Group News Commentary – Within the last week, silver crossed the $39 barrier, hitting its highest level since 2011. Now analysts are predicting what could be the summer of silver, for both bullion and mining stocks, as witnessed by recent ETF trends. Despite a more recent pullback, silver's price remains higher than it's been in recent memory, in what some analysts are calling a generational technical breakout. This recent bullish environment is causing the market to start shifting focus to silver miners, including paying closer attention to recent developments from Magma Silver Corp. (TSXV: MGMA) (OTCQB: MAGMF), Fortuna Mining Corp. (NYSE: FSM) (TSX: FVI), Endeavour Silver Corp. (NYSE: EXK) (TSX: EDR), MAG Silver Corp. (NYSE: MAG) (TSX: MAG), and Pan American Silver Corp. (NYSE: PAAS) (TSX: PAAS). The real signal for silver may still be ahead, as long-term demand drivers in industrial and green tech sectors continue to build a case for silver miners. Some analysts now believe silver's rally is just getting started. UBS sees $40 silver on the horizon, while others are coming out with bold targets ranging from US$100 to as high as US$130 per ounce. Magma Silver Corp. (TSXV: MGMA) (OTCQB: MAGMF) has just opened a Lima headquarters and hired a full in‑country team to accelerate its 4,100‑hectare Niñobamba silver‑gold project, a high-potential unmined high‑sulfidation systems. " Magma has established a first-class operating team in Peru," said Stephen Barley, CEO and Chairman of Magma Silver. "We have successfully created the team in record time, thanks to the guidance of Jeffrey Reeder, our Senior Technical Advisor, and his extensive experience in mining operations in Peru, spanning over 30 years. " Veteran geologist and mine builder Carlos Agreda Minaya takes over as General Manager, backed by legal counsel Dentons, environmental specialist Ecosoul, and field expert Edgar Leon Choque, all working toward drill permits for the Jorimina and Randypata zones that could arrive this month. "The establishment of an experienced operations team we can trust will make a significant contribution to our success in Peru," said Stephen Barley, CEO and Chairman of Magma Silver. "Peru is a sophisticated, mining-friendly jurisdiction with detailed regulatory requirements that must be strictly adhered to. The experienced team we are involved with will ensure smooth operations for Magma." Their goal is a Q3 2025 diamond drill program that finally applies modern 3‑D targeting to ground that majors such as Newmont and AngloGold already spent more than US$10 million testing, returning historic highlight hits like 72.3 metres of 1.19 g/t gold and 130 metres of 87 g/t silver. Magma controls three contiguous zones — Niñobamba, Randypata, and Jorimina — believed to form part of a single high-sulfidation system. With all claims in good standing through at least June 2026, Magma has full operational control and is preparing for a diamond drill campaign targeted for Q4 2025. Surface access agreements are already secured for Randypata and Jorimina, and discussions are advancing for Niñobamba. Magma expects to receive drill permits for Jorimina and Randypata as early as this month, while groundwork continues with Alpha IP geophysics, mapping, and sampling across the corridor. With fewer than 34 million shares outstanding and all claims secure through at least June 2026, Magma Silver is moving from paper plans to on‑the‑ground execution, giving new investors a tightly held shot at a proven but under‑explored system. In other industry developments and happenings in the market include: Silver was the standout metal for Fortuna Mining Corp. (NYSE: FSM) (TSX: FVI) in Q2 2025, as its Caylloma Mine delivered 240,621 ounces on grades of 64 g/t and recoveries above 83%. The mine also turned out 12.9 million pounds of zinc and 8.9 million pounds of lead, bolstering cash flow even as management stays laser‑focused on silver. Caylloma's 9,493 gold‑equivalent ounces form the backbone of Fortuna's 71,229‑ounce consolidated total and leave the operation pacing toward the high end of its annual guidance. After shedding non‑core assets, the company can channel more capital into Caylloma's underground expansion and near‑mine exploration aimed at lifting future silver tonnage. Endeavour Silver Corp. (NYSE: EXK) (TSX: EDR) turned out 1,483,736 oz of silver in Q2 2025, a 13% jump year‑over‑year that lifted total output to 2.53 million silver‑equivalent ounces. The gain stems mainly from the newly acquired Kolpa mine, which processed 118,896 t of ore at 111 g/t silver while management fast‑tracks integration work. With Terronera averaging 1,400 t/d late in the quarter, Endeavour has two fresh growth levers to keep silver volumes climbing into 2026. "We delivered strong and consistent production in the second quarter," said Dan Dickson, CEO of Endeavour Silver. "The integration of Kolpa is progressing smoothly, with output already trending above initial expectations. At the same time, Terronera continues to move steadily toward commercial production. This is a pivotal time for Endeavour as we build operational momentum and position the Company for meaningful, long-term growth." MAG Silver Corp. (NYSE: MAG) (TSX: MAG) shareholders have approved, by a 99.52% vote, a plan‑of‑arrangement under which Pan American Silver Corp. (NYSE: PAAS) (TSX: PAAS) will acquire the company for a mix of cash and shares. "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," said George Paspalas, President and CEO of MAG. "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." Each holder may choose $20.54 in cash or 0.755 Pan American Silver shares per MAG Silver share, subject to a $500 million cash cap. With 59.03% of shares represented at the July 10 meeting, closing is targeted for the second half of 2025 following final Mexican competition clearance. "Our acquisition of MAG brings into Pan American's portfolio one of the best silver mines in the world," said Michael Steinmann, President and CEO of Pan American. "This strategic acquisition further solidifies Pan American as a leading Americas-focused silver producer. 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." The transaction rolls MAG Silver's 44% stake in the high‑grade Juanicipio mine into Pan American Silver's portfolio, giving retail investors either an immediate payout or ongoing exposure to a larger silver producer. CONTACT: [email protected] (604) 265-2873 DISCLAIMER: Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. USA News Group is a wholly owned subsidiary of Market IQ Media Group, Inc. ("MIQ"). This content is being distributed for media Corp, who has been paid a fee for an advertising contract with Magma Silver Corp. MIQ has not been paid a fee for Magma Silver Corp. advertising or digital media, but the owner/operators of MIQ also co-own Media Corp. ("BAY") There may also be 3rd parties who may have shares of Magma Silver Corp. and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. The owner/operator of MIQ/BAY does not own any shares of Magma Silver Corp. but reserve the right to buy and sell and will buy and sell shares of Magma Silver Corp. at any time without any further notice commencing immediately and ongoing. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material, including this article, which is disseminated by MIQ on behalf of BAY has been approved by Magma Silver Corp. Technical information relating to and published by Magma Silver Corp. has been reviewed and approved by Jeffrey Reeder, PGeo, a Qualified Person as defined by National Instrument 43-101. Mr. Reeder is a Technical Advisor of Magma Silver Corp., and therefore is not independent of the Company; this is a paid advertisement, we currently do not own any shares of Magma Silver Corp. but will likely buy and sell shares of the company in the open market, or through private placements, and/or other investment vehicles. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.
Cision Canada
09-07-2025
- Business
- Cision Canada
A Generational Technical Breakout in Silver Is Unfolding -- Are Miners the Real Winners?
Issued on behalf of Magma Silver Corp. VANCOUVER, BC, July 9, 2025 /CNW/ -- Equity Insider News Commentary – As gold continues to draw attention from central banks, a growing number of analysts and investors are turning to silver as the undervalued opportunity in the precious metals space. Robert Kiyosaki, author of Rich Dad Poor Dad, recently called silver the best "asymmetric buy" available and predicted a sharp price surge this month. With silver hitting 13-year highs and flashing what some experts describe as a generational technical breakout, momentum in the sector is building fast. It's already been a standout summer for silver, and market watchers say silver miners could be the biggest beneficiaries of this rising price environment. Investors are now zeroing in on high-grade, high-momentum silver plays, including Magma Silver Corp. (TSXV: MGMA) (OTCQB: MAGMF), Aya Gold & Silver Inc. (TSX: AYA) (OTCQX: AYASF), Skeena Resources Limited (TSX: SKE) (NYSE: SKE), IMPACT Silver Corp. (TSXV: IPT) (OTCQB: ISVLF), and Americas Gold and Silver Corporation (NYSE-American: USAS) (TSX: USA). A growing number of analysts believe silver may be approaching a major breakout, with some of the boldest forecasts pointing to prices as high as US$100 to US$130 per ounce. UBS recently issued a near-term target of $40, while several AI-driven models are calling for a trading range between $36 and $42 in the months ahead. Magma Silver Corp. (TSXV: MGMA) (OTCQB: MAGMF) is ramping up operations in Peru with the formation of a full-service in-country team and the establishment of a Lima-based office. The new leadership is anchored by Carlos Agreda Minaya, a seasoned mining executive with both geology and business credentials, and deep knowledge of the Niñobamba property dating back to 2007. "The establishment of an experienced operations team we can trust will make a significant contribution to our success in Peru," said Stephen Barley, CEO and Chairman of Magma Silver. "Peru is a sophisticated, mining-friendly jurisdiction with detailed regulatory requirements that must be strictly adhered to. The experienced team we are involved with will ensure smooth operations for Magma." Agreda will serve as General Manager for Magma's Peruvian operations, bringing hands-on experience from his work managing construction and operations at a profitable plant in northern Peru. Legal representation has also been secured through Dentons, with respected mining lawyer Fernando Pickmann acting as lead counsel. The company's flagship Niñobamba silver-gold project spans over 4,100 hectares in Peru's prolific south-central silver belt. Magma controls three contiguous zones — Niñobamba, Randypata, and Jorimina — believed to form part of a single high-sulfidation system. With all claims in good standing through at least June 2026, Magma has full operational control and is preparing for a diamond drill campaign targeted for Q4 2025. Surface access agreements are already secured for Randypata and Jorimina, and discussions are advancing for Niñobamba. Magma expects to receive drill permits for Jorimina and Randypata as early as this month, while groundwork continues with Alpha IP geophysics, mapping, and sampling across the corridor. The asset is far from early-stage. More than US$10 million in historical work has been invested by former operators including Newmont, AngloGold, Rio Silver, and Bear Creek. Historic highlights from Newmont's drilling at Jorimina include 72.3 metres of 1.19 g/t gold and 130 metres of 87 g/t silver, results that once supported an internal pre-feasibility study pointing to a mid-sized mining scenario. Yet the system had never been modeled in 3D or explored with modern target design — until now. With a tight share structure of fewer than 34 million shares, strong insider ownership, and a board with deep Latin American mining experience, Magma Silver is transitioning from explorer to operator — and now has the team on the ground to make it happen. In other industry developments and happenings in the market include: Aya Gold & Silver Inc. (TSX: AYA) (OTCQX: AYASF) has expanded its Boumadine project in Morocco with strong new intercepts, including 1,454 g/t silver equivalent (AgEq) over 3.5 metres and 1,069 g/t AgEq over 2.7 metres. The Imariren zone has now been traced for more than one kilometre along strike, while a newly defined Asirem zone to the west has returned high-grade values in early drilling. Aya says its ongoing 46,000-metre drill program is helping to define multiple mineralized structures, all within a 4.2-kilometre corridor. "We are excited to have identified the new Asirem gold-copper zone at surface to the west of the Boumadine Main Trend — a new prospective target that highlights Boumadine's potential to become a large-scale, high-grade project," said Benoit La Salle, President and CEO of Aya. "We are well positioned to quickly drill test this new regional target, and the structure can now be traced to the west over 9km. In addition, high-grade holes BOU-MP25-038 and BOU-MP25-028 confirm strong continuity of the Boumadine Main Trend at depth, while hole BOU-DD25-529 extends the footprint south at Imariren. With over 8.4km of mineralized strike length, we continue to demonstrate Boumadine's significant resource growth potential." The company believes Boumadine has the scale and grades to evolve into a major silver-rich development asset. In late May, Skeena Resources Limited (TSX: SKE) (NYSE: SKE) finalized a key power agreement with Coast Mountain Hydro to connect its 100%-owned Eskay Creek gold-silver project to the regional grid. This deal gives the company access to clean, renewable power at industrial rates of approximately CAD $0.06/kWh—far below global mining averages. "The agreement signed with CMH allows for power connection 17km from the Project," said Randy Reichert, President and CEO of Skeena. "By securing this tie-in, we eliminate the need to construct our own transmission line and infrastructure to connect to the BC Hydro grid, saving significant capital costs. Over the past month, we've successfully completed the first tie-ins to the 287-kilovolt("kV") CMH transmission line. This agreement marks another step forward in de-risking the Project and brings us one step closer to securing clean, cost-effective power at Eskay Creek." By avoiding the cost of building its own transmission infrastructure, Skeena is de-risking the project while lowering future operating costs. Eskay Creek is positioned to become one of the highest-grade open-pit gold-silver mines globally, with substantial silver by-product potential that rivals many primary silver assets. IMPACT Silver Corp. (TSXV: IPT) (OTCQB: ISVLF) continues to deliver high-grade underground drill results from the Juarez Zone at its Plomosas zinc-lead-silver mine in northern Mexico. Recent highlights include 3.94 metres grading 10.38% zinc and 7.5 g/t silver, including a subinterval of 1.70 metres at 20.95% zinc. "We are happy to see ongoing great drill results from the Juarez Zone at the Plomosas Mine," said Frederick Davidson, President and CEO of IMPACT. "The location of these drill holes close to our underground mining infrastructure allows us to rapidly expand our mining operations into these areas. We continue to drill from surface and underground with the aim to expand mineral resources on several zones at Plomosas." These intersections lie outside the current JORC resource blocks and point to strong potential for mine expansion. Americas Gold and Silver Corporation (NYSE-American: USAS) (TSX: USA) has secured a US$100 million senior secured loan from SAF Group to accelerate growth at its silver-rich Galena Complex in Idaho. The first US$50 million has already been drawn, with two additional US$25 million tranches available upon achieving development milestones. "The Term Loan Facility ensures we have the balance sheet strength to implement our aggressive major growth strategy at the Galena Complex," said Paul Andre Huet, Chairman and CEO of Americas Gold and Silver. "The US$100 million debt financing is critical to our plans to increase development rates and tonnage mined, and reduce unit costs at Galena. The Term Loan Facility has been strategically structured into three tranches to match the pace of our capital plans for a sustained period of robust production growth. Funds will be used to ramp up longhole stoping, upgrade equipment, and increase underground development rates—steps expected to cut unit costs and raise production volumes. The company, now 20% owned by Eric Sprott, aims to generate over 80% of its total revenue from silver by year-end. CONTACT: Equity Insider [email protected] (604) 265-2873 DISCLAIMER: Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. Equity Insider is a wholly owned subsidiary of Market IQ Media Group, Inc. ("MIQ"). This content is being distributed for media Corp, who has been paid a fee for an advertising contract with Magma Silver Corp. MIQ has not been paid a fee for Magma Silver Corp. advertising or digital media, but the owner/operators of MIQ also co-own Media Corp. ("BAY") There may also be 3rd parties who may have shares of Magma Silver Corp. and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. The owner/operator of MIQ/BAY does not own any shares of Magma Silver Corp. but reserve the right to buy and sell and will buy and sell shares of Magma Silver Corp. at any time without any further notice commencing immediately and ongoing. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material, including this article, which is disseminated by MIQ on behalf of BAY has been approved by Magma Silver Corp. Technical information relating to and published by Magma Silver Corp. has been reviewed and approved by Jeffrey Reeder, PGeo, a Qualified Person as defined by National Instrument 43-101. Mr. Reeder is a Technical Advisor of Magma Silver Corp., and therefore is not independent of the Company; this is a paid advertisement, we currently do not own any shares of Magma Silver Corp. but will likely buy and sell shares of the company in the open market, or through private placements, and/or other investment vehicles. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.
New Straits Times
30-06-2025
- Business
- New Straits Times
Magma to keep growing property developments, hospitality and F&B ops
KUALA LUMPUR: Magma Group Bhd says it remains committed to delivering long-term growth through integrated property developments, hospitality assets and lifestyle investments. This includes the company's entry into the fast-growing premium food and beverages (F&B) segment. As it moves into the second half of financial year 2025 (FY25), the group continues to strengthen its shareholder base, financial position and operational focus in line with its goal of becoming a leading lifestyle-centric investment group in Malaysia. Magma concluded its 16th annual general meeting (AGM) today, with all resolutions tabled receiving approval. Shareholders approved the audited financial statements for the year ended Dec 31, 2024 (FY24), re-elected retiring directors and re-appointed Moore Stephens Associates as external auditors. It also approved the payment of directors' fees and benefits until the next AGM. One of the key resolutions passed was the renewal of the board's authority to issue shares under Sections 75 and 76 of the Companies Act 2016, up to 10 per cent of the total issued shares. Shareholders also approved a new mandate for recurrent related party transactions, allowing the group to handle routine operations more efficiently in line with Bursa Malaysia's listing rules. Magma group managing director cum group chief executive officer Datuk Seri Thomas Liang Chee Fong said this year's AGM represents more than just procedural approval. "It affirms shareholder confidence in our strategic repositioning as a lifestyle-focused conglomerate. "With the corporate restructuring behind us, and new ventures such as our Mont Kiara land acquisition and joint venture with Chagee in motion, we are now firmly focused on execution and sustainable value creation," he added.
