Silver Storm begins hot commissioning at La Parrilla sulphide circuit, amends Samsung prepayment deal, and secures US$5 million loan from First Majestic

Corporate Action
โดย ACCESS Newswire·Read original
Summary · why it matters

Silver Storm Mining has started hot commissioning of the sulphide processing circuit at its La Parrilla Silver Mine Complex in Mexico, marking a key step toward restarting operations. The company also amended its concentrate prepayment agreement with Samsung C&T, extending the grace period for initial principal and arrangement fee payments to September 2026 from May 2026, with subsequent monthly repayments deferred by four months and the concentrate supply period extended by six months to thirty months. Additionally, First Majestic Silver provided a US$5 million non-revolving unsecured term loan to fund working capital for the ramp-up, maturing in 36 months with 15% annual interest compounded quarterly and principal repayable in eight equal quarterly instalments of US$625,000 starting 15 months after closing. First Majestic holds approximately 15.69% of Silver Storm on a non-diluted basis, making the loan a related party transaction, though the company relied on exemptions from minority shareholder approval requirements.

Impact on stocks 3

Critical Materials & Supply Chain▲ · 2 stocks
First Majestic Silver Corp
AG
▲ PositiveCapitalrelevance

First Majestic provides a $5M loan to Silver Storm, earning 15% interest and strengthening its position as a major shareholder.

Samsung C&T Corp
028260
▲ PositiveDemandrelevance

Samsung C&T extends concentrate prepayment agreement with Silver Storm, indicating continued demand for silver concentrate.

Artificial Intelligence▲ · 1 stocks

Theme Impact 1

Off-coverage companies 1

Silver Storm MiningPrivate▲ Positive
Technologyrelevance

Silver Storm begins hot commissioning of sulphide processing circuit, a key step toward restarting operations.

Related news

▲

Wheaton Precious Metals Posts Record Q2 Earnings of $543 Million

Wheaton Precious Metals reported second-quarter net earnings of $543 million on $929 million of revenue on August 6, both records, with first-half net earnings up 106% to $1.1 billion. The company made net upfront cash payments of $4.5 billion relative to mineral stream interests during the quarter and now carries $2.0 billion of total debt against $100 million of cash on hand. Wheaton sold 14% more gold equivalent ounces than a year ago while the average realized gold equivalent price jumped 61%, lifting the cash operating margin per ounce 65% to $3,875, and operating cash flow reached $650 million in the quarter and $1.4 billion for the half. The company forecasts a rise of roughly 50% to 1,200,000 gold equivalent ounces by 2030, with Ivanhoe expecting commercial production at Platreef in the fourth quarter of 2026 and Montage Gold targeting first gold at Koné in late Q4. Wheaton drew $1.5 billion on a new two-year term loan on April 1 to help pay for Antamina, where it expanded its silver production share from 33.75% to 67.5%, and it paid $109 million of global minimum tax on June 24 with another Cdn$346 million due around March 31, 2027.
1258.HKBHP.LSEWPM
Critical Materials & Supply Chain ▲
Insider Monkey·1hRead more →

AngloGold Ashanti Draws Upgraded EPS Estimates as Analysts Eye Sharp Quarterly Jump

Analysts have projected a very large year-over-year increase in quarterly earnings per share for AngloGold Ashanti alongside solid revenue growth, supported by updated consensus estimates. The upward earnings revisions are reflected in the company's current Zacks Rank of #3 (Hold), signaling growing confidence in near-term profitability without changing its overall rating. The company recently declared an interim dividend of US$0.72 per share for Q2 2026, alongside a previously announced buyback authorization of up to US$2,000,000,000. AngloGold Ashanti's narrative projects $12.1 billion in revenue and $5.5 billion in earnings by 2029, an earnings increase of about $1.7 billion from $3.8 billion today, with a fair value estimate of $113.12 implying 10% upside. Some of the lowest ranked analysts instead assumed revenue would fall to about US$10.3 billion by 2029 even as earnings rose toward US$5.0 billion, a far more pessimistic take on cost pressures and valuation multiples.
1258.HKAU
Critical Materials & Supply Chain
Simply Wall St·1hRead more →

Agnico Eagle Mines Takes 14.9% Minority Stake in Scout Discoveries

Agnico Eagle Mines is acquiring a significant minority ownership position in Scout Discoveries, giving the miner exposure to the explorer's precious metals exploration and development projects. The stake amounts to a 14.9% foothold, which management describes as consistent with Agnico Eagle's effort to widen its precious metals project pipeline. The move fits the company's playbook of growing through exploration and drill-bit driven upside in familiar jurisdictions, similar to its approach at assets like Detour Lake and Hope Bay, rather than through large, complex takeovers. Turning that 14.9% foothold into meaningful reserves will require capital discipline and technical success, with peers such as Barrick and Newmont also competing for quality ounces. The investment story for Agnico Eagle Mines has centered on using a strong project pipeline in stable regions to support long-life production, and the Scout Discoveries deal adds another exploration-driven option to that pipeline.
1258.HKAEMBNEM
Critical Materials & Supply Chain
Simply Wall St·4hRead more →
© 2026 MarketDXNews