Saturday, August 23, 2025

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

A Medical Breakthrough the Market Overlooked | David Elsley – Cardiol Therapeutics

Why Grade Beats Size in Silver Mining | Frank Basa – Nord Precious Metals

Are Investors Missing the Start of the Next Commodity Supercycle? | Morgan Lekstrom – NexMetals

Recommended

Emerita Resources Expands El Cura Drill Program By 10,000 Metres As Deposit Remains Open For Expansion

ESGold Signs MOU For Tailings Project In Colombia With Grades Up To 42 g/t Gold, 280 g/t Silver

Related News

Superior Gold Produces 19,356 Gold Ounces For Q2 2021

Superior Gold Inc. (TSXV: SGI) announced today its production results for Q2 2021, highlighting gold...

Wednesday, July 14, 2021, 09:44:00 AM

Exploits Looks To Drill Schooner, Jonathan’s Pond Gold Properties

Exploits Discovery (CSE: NFLD) is looking to begin drilling its properties. The company this morning...

Tuesday, February 2, 2021, 08:38:10 AM

The Yukon: Canada’s Original Hotbed of Gold Exploration

The California Gold Rush began in 1848 and resulted in a mass migration of people...

Saturday, September 26, 2020, 01:30:00 PM

Troilus Gold Announces 20,000 Metre Drill Program For Fall 2020

Troilus Gold Corp (TSX: TLG) announced a new 20,000 metre drill campaign this morning for...

Wednesday, September 23, 2020, 09:24:52 AM

Bitcoin Soars to Highest in 5 Months as Correlation With Gold Turns Negative

The price of bitcoin hit the highest in over five months, as an increasing number...

Tuesday, October 12, 2021, 04:32:00 PM