Saturday, July 12, 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

Mergers Set the Stage for Uranium’s Growth Cycle | Forum-Baselode Merger

The Goal is Gold Production as Soon as Possible! | Gordon Robb – ESGOLD Corp.

Snowline Gold: The Multi Billion Dollar Valley PEA

Recommended

First Majestic Produces 7.9 Silver Equivalent Ounces In Q2, Lifts Production Guidance

Antimony Resources Drills 4.17% Antimony Over 7.4 Metres At Bald Hill

Related News

Newmont Offers “Best And Final” Bid For Newcrest At $19.5 Billion

On Tuesday, Newmont Corp (NYSE: NEM) made a best and final offer of A$29.4 billion...

Tuesday, April 11, 2023, 09:41:46 AM

Great Bear Intersects 2.24 g/t Gold Over 77.40 Metres In Latest LP Fault Results

Great Bear Resources (TSXV: GBR) this morning reported further drill results from the LP Fault,...

Monday, June 21, 2021, 08:27:40 AM

Monterey Minerals Completes Acquisition Of Alicia Project

Monterey Minerals (CSE: MREY) has closed on the acquisition of what is now the firms...

Thursday, August 13, 2020, 08:20:36 AM

Silver Bull Releases Maiden Resource For Beskauga Project

Silver Bull Resources (TSX: SVB) this morning released a maiden mineral resource estimate for its...

Thursday, January 28, 2021, 09:18:37 AM

Finding Gold In Southeast Arizona – The Daily Dive feat Ian Klassen of GMV Minerals

Starting off The Daily Dive for 2021 is that of Ian Klassen, CEO of GMV...

Monday, January 4, 2021, 01:30:00 PM