Sunday, August 3, 2025

Latest

Aya Gold & Silver Closes $15.2 Million Algold Acquisition

Aya Gold & Silver Incorporated (TSX: AYA) announced this morning the closing of the previously announced acquisition of Algold Resources (TSXV: ALG). The transaction is reported to be for total consideration of $15.2 million.

The company paid the acquisition price in a combination of cash and shares: 2,133,333 shares issued to secured creditors, 307,294 shares and $100,000 distributed to Algold unsecured creditors, 294,946 shares to Algold common shareholders, and 85,680 shares and $2.6 million in payments and advances.

Algold shareholders will automatically receive the Aya shares at 0.010601 Aya common share for each Algold share.

The company relayed that following the Algold acquisition, it is now focusing on exploring and developing its 75%-owned Tijirit Gold Project in Mauritania. Last month, the total measured & indicated resource estimate for the site was upgraded to 292,600 ounces at 2.19 g/t gold, along with inferred resources of 533,200 gold ounces at 1.63 g/t.

The company has now begun the process of conducting a feasibility study on the property.

Aya Gold and Silver Incorporated last traded at $8.44 at the TSX.


Information for this briefing was found via Sedar and Aya Gold & Silver. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

AngloGold Buys Another Gold Junior! Augusta Gold Acquired For $197 Million

Another Gold Deal! Aris Mining Sells Assets To McFarlane

Royal Gold Goes Big | $3.5 Billion Sandstorm Acquisition

Recommended

Tsunami Warnings Spread As Largest Quake Since 2011 Hits Russia

Northern Superior Intersects 1.75 g/t Gold Over 65.0 Metres At Philibert

Related News

Blackrock Mulls Spinout Of Former Flagship Property Silver Cloud

Blackrock Gold Corp (TSXV: BRC) is looking to unlock some value for shareholders. The company...

Tuesday, September 15, 2020, 09:35:00 AM

Labrador Gold Assays 44.08 g/t Gold Over 4.28 Metres

Labrador Gold (TSXV: LAB) this morning continued to prove there is strong gold mineralization within...

Wednesday, August 18, 2021, 08:35:58 AM

Scottie Resources Reports Intersect Of 11.8 g/t Gold Over 6.57 Metres

Scottie Resources (TSXV: SCOT) this morning released the latest assay results for its Scottie Gold...

Friday, January 14, 2022, 08:14:28 AM

Blackrock Gold To Raise $7.5 Million At $0.72 Per Unit

It appears that the recent assays of 2,198 grams per tonne silver equivalent announced by...

Wednesday, July 22, 2020, 09:31:48 AM

Trillium Gold: Is It The Next Gold Eagle Mines?

Back in 2008, a junior exploration firm lead by mining legend Robert Cudney was sold...

Sunday, November 15, 2020, 09:00:00 AM