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TORONTO, ON TheNewswire - May 20, 2025 Silver Crown Royalties Inc. ( Cboe: SCRI, OTCQX: SLCRF, BF: QS0 ) ( "Silver Crown" "SCRi" the "Corporation" or the "Company" ) is pleased to announce a non-brokered offering (the " Offering ") for gross proceeds of up to C$2,000,000.
The Company intends to issue up to 307,692 units (" Units ") of the Company at a price of C$6.50 per Unit pursuant to the Offering. Each Unit will consist of one common share in the capital of the Company (" Common Share ") and one Common Share purchase warrant (" Warrant "). Each Warrant will be exercisable to acquire one (1) additional Common Share at an exercise price of C$13.00 for a period of three years from the date of the closing of the Offering (the " Expiry Date "). Closing of the Offering will be subject to customary conditions precedent, including the prior approval of Cboe Canada Inc.
Peter Bures, Silver Crown's Chief Executive Officer, commented, "In the current market environment, this financing paves the way to free cash flow in Q4 of this year by facilitating the completion of the second tranche of our silver royalty on PPX Mining Corp.'s Igor 4 project and other growth initiatives."
ABOUT Silver Crown Royalties INC.
Founded by industry veterans, Silver Crown Royalties ( Cboe: SCRI | OTCQX: SLCRF | BF: QS0 ) is a publicly traded, silver royalty company. Silver Crown (SCRi) currently has four silver royalties of which three are revenue-generating. Its business model presents investors with precious metals exposure that allows for a natural hedge against currency devaluation while minimizing the negative impact of cost inflation associated with production. SCRi endeavors to minimize the economic impact on mining projects while maximizing returns for shareholders. For further information, please contact:
Peter Bures, Chairman and CEO
Telephone: (416) 481-1744
Email: pbures@silvercrownroyalties.com
FORWARD-LOOKING STATEMENTS
This release contains certain "forward looking statements" and certain "forward-looking information" as defined under applicable Canadian and U.S. securities laws. Forward-looking statements and information can generally be identified by the use of forward-looking terminology such as "may", "will", "should", "expect", "intend", "estimate", "anticipate", "believe", "continue", "plans" or similar terminology. The forward-looking information contained herein is provided for the purpose of assisting readers in understanding management's current expectations and plans relating to the future. Readers are cautioned that such information may not be appropriate for other purposes. Forward-looking statements and information include, but are not limited to, In the current market environment, this financing paves the way to free cash flow in Q4 of this year by facilitating the completion of the second tranche of our silver royalty on PPX Mining Corp.'s Igor 4 project and other growth initiatives" . Forward-looking statements and information are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that, while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual actions, events or results to be materially different from those expressed or implied by such forward-looking information, including but not limited to: the impact of general business and economic conditions; the absence of control over mining operations from which SCRi will purchase gold and other metals or from which it will receive royalty payments and risks related to those mining operations, including risks related to international operations, government and environmental regulation, delays in mine construction and operations, actual results of mining and current exploration activities, conclusions of economic evaluations and changes in project parameters as plans continue to be refined; accidents, equipment breakdowns, title matters, labor disputes or other unanticipated difficulties or interruptions in operations; SCRi's ability to enter into definitive agreements and close proposed royalty transactions; the inherent uncertainties related to the valuations ascribed by SCRi to its royalty interests; problems inherent to the marketability of gold and other metals; the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; industry conditions, including fluctuations in the price of the primary commodities mined at such operations, fluctuations in foreign exchange rates and fluctuations in interest rates; government entities interpreting existing tax legislation or enacting new tax legislation in a way which adversely affects SCRi; stock market volatility; regulatory restrictions; liability, competition, the potential impact of epidemics, pandemics or other public health crises on SCRi's business, operations and financial condition, loss of key employees. SCRi has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information. SCRi undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management's best judgment based on information currently available.
This document does not constitute an offer to sell, or a solicitation of an offer to buy, securities of the Company in Canada, the United States or any other jurisdiction. Any such offer to sell or solicitation of an offer to buy the securities described herein will be made only pursuant to subscription documentation between the Company and prospective purchasers. Any such offering will be made in reliance upon exemptions from the prospectus and registration requirements under applicable securities laws, pursuant to a subscription agreement to be entered into by the Company and prospective investors. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.
CBOE CANADA DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.
Copyright (c) 2025 TheNewswire - All rights reserved.
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TORONTO, ON TheNewswire - May 15, 2025 Silver Crown Royalties Inc. ( Cboe: SCRI, OTCQX: SLCRF, BF: QS0 ) ( "Silver Crown" "SCRi" the "Corporation" or the "Company" ) is pleased to announce its interim financial statements and MD&A for the first quarter ended March 31, 2025 which have been filed on SEDAR+ and the Company's website today.
In the first quarter SCRi recorded revenue based on 6,703 silver ounces (C$304,408). This compares favorably to the prior quarter ended December 31, 2024 of 5,350 ounces (C$234,702) and last year's first quarter ended March 31 st , 2024 of 2,350 ounces (C$74,425).
Peter Bures, Silver Crown's Chief Executive Officer, commented, "We continue to be pleased with our revenue growth trajectory and believe this to be sustainable into 2026 with our robust pipeline."
Click Image To View Full Size
Silver Ounce and Revenue Growth Profile
Summary of Quarterly Results
Three Months Ended March 31st, 2025 | Three Months Ended December 31st, 2024 | Three Months Ended March 31st, 2024 | |
Attributable Silver Deliveries | 6,703 1 | 5,350 2 | 2,350 |
% Change (Y/Y and Q/Q) | 185% | 128% | |
Revenue | $304,408 | $234,702 | $74,425 |
% Change (Y/Y and Q/Q) | 309% | 215% |
The Company is also pleased to announce that it has engaged Altitude Capital Partners Inc. (" Altitude ") to provide capital markets advisory, investor relations and shareholder communications services in Canada. The terms of the consulting agreement with Altitude (the " Agreement ") provide for up to a one-year term (terminable on Silver Crown's notice after 6 months), provides for a fixed fee of C$15,000 per month payable by Silver Crown to Altitude for services rendered pursuant to the terms of the Agreement, with $5,000 payable in cash and $10,000 payable in common shares in the capital of Silver Crown (subject to prior approval by Cboe) during the first six months of the Agreement. Additionally, Silver Crown has engaged Independent Trading Group (ITG), Inc. (" ITG ") as market maker pursuant to a market making services agreement (the " MMS Agreement ") to ensure an orderly trading market for the Company's securities listed on Cboe. ITG will be paid a monthly cash fee of $6,500 by the Company in exchange for the provision of such services. Either ITG or the Company may terminate the MMS Agreement on 30 days written notice.
ABOUT Silver Crown Royalties INC.
Founded by industry veterans, Silver Crown Royalties ( Cboe: SCRI | OTCQX: SLCRF | BF: QS0 ) is a publicly traded, silver royalty company. Silver Crown (SCRi) currently has four silver royalties of which three are revenue-generating. Its business model presents investors with precious metals exposure that allows for a natural hedge against currency devaluation while minimizing the negative impact of cost inflation associated with production. SCRi endeavors to minimize the economic impact on mining projects while maximizing returns for shareholders. For further information, please contact:
Peter Bures, Chairman and CEO
Telephone: (416) 481-1744
Email: pbures@silvercrownroyalties.com
FORWARD-LOOKING STATEMENTS
This release contains certain "forward looking statements" and certain "forward-looking information" as defined under applicable Canadian and U.S. securities laws. Forward-looking statements and information can generally be identified by the use of forward-looking terminology such as "may", "will", "should", "expect", "intend", "estimate", "anticipate", "believe", "continue", "plans" or similar terminology. The forward-looking information contained herein is provided for the purpose of assisting readers in understanding management's current expectations and plans relating to the future. Readers are cautioned that such information may not be appropriate for other purposes. Forward-looking statements and information include, but are not limited to, SCRi anticipates that Elk Gold will pay this residual amount owing on or before March 31, 2025. Forward-looking statements and information are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that, while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual actions, events or results to be materially different from those expressed or implied by such forward-looking information, including but not limited to: the impact of general business and economic conditions; the absence of control over mining operations from which SCRi will purchase gold and other metals or from which it will receive royalty payments and risks related to those mining operations, including risks related to international operations, government and environmental regulation, delays in mine construction and operations, actual results of mining and current exploration activities, conclusions of economic evaluations and changes in project parameters as plans continue to be refined; accidents, equipment breakdowns, title matters, labor disputes or other unanticipated difficulties or interruptions in operations; SCRi's ability to enter into definitive agreements and close proposed royalty transactions; the inherent uncertainties related to the valuations ascribed by SCRi to its royalty interests; problems inherent to the marketability of gold and other metals; the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; industry conditions, including fluctuations in the price of the primary commodities mined at such operations, fluctuations in foreign exchange rates and fluctuations in interest rates; government entities interpreting existing tax legislation or enacting new tax legislation in a way which adversely affects SCRi; stock market volatility; regulatory restrictions; liability, competition, the potential impact of epidemics, pandemics or other public health crises on SCRi's business, operations and financial condition, loss of key employees. SCRi has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information. SCRi undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management's best judgment based on information currently available.
This document does not constitute an offer to sell, or a solicitation of an offer to buy, securities of the Company in Canada, the United States or any other jurisdiction. Any such offer to sell or solicitation of an offer to buy the securities described herein will be made only pursuant to subscription documentation between the Company and prospective purchasers. Any such offering will be made in reliance upon exemptions from the prospectus and registration requirements under applicable securities laws, pursuant to a subscription agreement to be entered into by the Company and prospective investors. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.
CBOE CANADA DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.
1 The Minimum Payment due for the first quarter of 2025 on the Company's royalty on the PGDM Complex owned by
a subsidiary Pilar Gold Inc. remains overdue and outstanding.
2 The Minimum Payment due for the fourth quarter of fiscal 2024 on the Company's royalty on the PGDM Complex owned by
a subsidiary Pilar Gold Inc. remains overdue and outstanding.
Copyright (c) 2025 TheNewswire - All rights reserved.
News Provided by TheNewsWire via QuoteMedia
Silver Crown Royalties Inc. ( Cboe: SCRI, OTCQX: SLCRF, BF: QS0 ) ( "Silver Crown" "SCRi" the "Corporation" or the "Company" ) is pleased to announce that the Company has successfully closed the third and final tranche (" Final Tranche ") of its non-brokered offering of units ( "Units" ) that was previously announced on February 6, 2025 (the "Offering" ) and issued 89,400 Units at a price of C$6.50 per Unit, for gross proceeds of approximately C$581,100
Each Unit consists of one common share ( "Common Share" ) and one Common Share purchase warrant ( "Warrant" ), with each Warrant exercisable to acquire one additional Common Share at an exercise price of C$13.00 for a period of three years from the closing date. A total of 232,248 Units were issued in accordance with the Offering for cumulative gross proceeds of C$1,509,615.
The proceeds from the Final Tranche will be used to partially fund the second tranche of the Company's silver royalty acquisition on the Igor 4 project in Peru, as well as general and administrative expenses. All securities issued are subject to a statutory hold period of four months plus one day from the date of issuance, in accordance with applicable securities legislation. The closing was subject to customary conditions, including the approval of Cboe Canada Inc.
Regarding the receipt of payments from the Company's producing royalties, Silver Crown expects to receive cash payments equivalent to approximately 6,703 ounces of silver in the first quarter of 2025. This is driven by the early payment of the PPX/Igor 4 royalty as well as payments under the Elk Gold Royalty.
ABOUT Silver Crown Royalties INC.
Founded by industry veterans, Silver Crown Royalties ( Cboe: SCRI | OTCQX: SLCRF | BF: QS0 ) is a publicly traded, silver royalty company. Silver Crown (SCRi) currently has four silver royalties of which three are revenue-generating. Its business model presents investors with precious metals exposure that allows for a natural hedge against currency devaluation while minimizing the negative impact of cost inflation associated with production. SCRi endeavors to minimize the economic impact on mining projects while maximizing returns for shareholders. For further information, please contact:
Peter Bures, Chairman and CEO
Telephone: (416) 481-1744
Email: pbures@silvercrownroyalties.com
FORWARD-LOOKING STATEMENTS
This release contains certain "forward looking statements" and certain "forward-looking information" as defined under applicable Canadian and U.S. securities laws. Forward-looking statements and information can generally be identified by the use of forward-looking terminology such as "may", "will", "should", "expect", "intend", "estimate", "anticipate", "believe", "continue", "plans" or similar terminology. The forward-looking information contained herein is provided for the purpose of assisting readers in understanding management's current expectations and plans relating to the future. Readers are cautioned that such information may not be appropriate for other purposes. Forward-looking statements and information include, but are not limited to, the proceeds from the Final Tranche will be used to partially fund the second tranche of the Company's silver royalty acquisition on the Igor 4 project in Peru, as well as general and administrative expenses. Forward-looking statements and information are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that, while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual actions, events or results to be materially different from those expressed or implied by such forward-looking information, including but not limited to: the impact of general business and economic conditions; the absence of control over mining operations from which SCRi will purchase gold and other metals or from which it will receive royalty payments and risks related to those mining operations, including risks related to international operations, government and environmental regulation, delays in mine construction and operations, actual results of mining and current exploration activities, conclusions of economic evaluations and changes in project parameters as plans continue to be refined; accidents, equipment breakdowns, title matters, labor disputes or other unanticipated difficulties or interruptions in operations; SCRi's ability to enter into definitive agreements and close proposed royalty transactions; the inherent uncertainties related to the valuations ascribed by SCRi to its royalty interests; problems inherent to the marketability of gold and other metals; the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; industry conditions, including fluctuations in the price of the primary commodities mined at such operations, fluctuations in foreign exchange rates and fluctuations in interest rates; government entities interpreting existing tax legislation or enacting new tax legislation in a way which adversely affects SCRi; stock market volatility; regulatory restrictions; liability, competition, the potential impact of epidemics, pandemics or other public health crises on SCRi's business, operations and financial condition, loss of key employees. SCRi has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information. SCRi undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management's best judgment based on information currently available.
This document does not constitute an offer to sell, or a solicitation of an offer to buy, securities of the Company in Canada, the United States or any other jurisdiction. Any such offer to sell or solicitation of an offer to buy the securities described herein will be made only pursuant to subscription documentation between the Company and prospective purchasers. Any such offering will be made in reliance upon exemptions from the prospectus and registration requirements under applicable securities laws, pursuant to a subscription agreement to be entered into by the Company and prospective investors. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.
CBOE CANADA DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.
Copyright (c) 2025 TheNewswire - All rights reserved.
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Silver Crown Royalties Inc. ( Cboe: SCRI, OTCQX: SLCRF, BF: QS0 ) ( "Silver Crown" "SCRi" the "Corporation" or the "Company" ) is pleased to announce the purchase of 1,000 ounces of physical silver in the spot market as part of its silver exposure strategy
Click Image To View Full Size
Click Image To View Full Size
The purchase was completed at an average price of $30.65 per ounce and reflects an 8% discount to 20-day VWAP and an 11% discount to recent highs. The average price was based on spot price of US$30.15 per ounce plus a premium of US$0.50 per ounce, for a total investment of US$30,650. The physical silver will be stored with Money Metals Depository LLC, with the exact location to be confirmed, potentially at a designated sub-custodian facility managed by the depository.
Photo Credit: MoneyMetals.com
Peter Bures, Silver Crown's Chief Executive Officer, commented, "We strive to maintain an adequate working capital position of at least six months. We feel it is only prudent as a silver only royalty company to convert a portion of that cash to physical silver. SCRi's ultimate vision is to provide a vehicle that serves as a hedge against currency devaluation, and we therefore feel it would be hypocritical to have exposure to 100% fiat money. We appreciate our investors want exposure to silver, not fiat, which they can achieve easily without our assistance. The purchase was made with a cash payment received from PPX effectively converting a cash payment to physical silver bullion delivery."
ABOUT Silver Crown Royalties INC.
Founded by industry veterans, Silver Crown Royalties ( Cboe: SCRI | OTCQX: SLCRF | BF: QS0 ) is a publicly traded, silver royalty company. Silver Crown (SCRi) currently has four silver royalties of which three are revenue-generating. Its business model presents investors with precious metals exposure that allows for a natural hedge against currency devaluation while minimizing the negative impact of cost inflation associated with production. SCRi endeavors to minimize the economic impact on mining projects while maximizing returns for shareholders. For further information, please contact:
Peter Bures, Chairman and CEO
Telephone: (416) 481-1744
Email: pbures@silvercrownroyalties.com
FORWARD-LOOKING STATEMENTS
This release contains certain "forward looking statements" and certain "forward-looking information" as defined under applicable Canadian and U.S. securities laws. Forward-looking statements and information can generally be identified by the use of forward-looking terminology such as "may", "will", "should", "expect", "intend", "estimate", "anticipate", "believe", "continue", "plans" or similar terminology. The forward-looking information contained herein is provided for the purpose of assisting readers in understanding management's current expectations and plans relating to the future. Readers are cautioned that such information may not be appropriate for other purposes. Forward-looking statements and information include, but are not limited to, SCRi's ultimate vision is to provide a vehicle that serves as a hedge against currency devaluation, and we therefore feel it would be hypocritical to have exposure to 100% fiat money . Forward-looking statements and information are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that, while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual actions, events or results to be materially different from those expressed or implied by such forward-looking information, including but not limited to: the impact of general business and economic conditions; the absence of control over mining operations from which SCRi will purchase gold and other metals or from which it will receive royalty payments and risks related to those mining operations, including risks related to international operations, government and environmental regulation, delays in mine construction and operations, actual results of mining and current exploration activities, conclusions of economic evaluations and changes in project parameters as plans continue to be refined; accidents, equipment breakdowns, title matters, labor disputes or other unanticipated difficulties or interruptions in operations; SCRi's ability to enter into definitive agreements and close proposed royalty transactions; the inherent uncertainties related to the valuations ascribed by SCRi to its royalty interests; problems inherent to the marketability of gold and other metals; the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; industry conditions, including fluctuations in the price of the primary commodities mined at such operations, fluctuations in foreign exchange rates and fluctuations in interest rates; government entities interpreting existing tax legislation or enacting new tax legislation in a way which adversely affects SCRi; stock market volatility; regulatory restrictions; liability, competition, the potential impact of epidemics, pandemics or other public health crises on SCRi's business, operations and financial condition, loss of key employees. SCRi has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information. SCRi undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management's best judgment based on information currently available.
This document does not constitute an offer to sell, or a solicitation of an offer to buy, securities of the Company in Canada, the United States or any other jurisdiction. Any such offer to sell or solicitation of an offer to buy the securities described herein will be made only pursuant to subscription documentation between the Company and prospective purchasers. Any such offering will be made in reliance upon exemptions from the prospectus and registration requirements under applicable securities laws, pursuant to a subscription agreement to be entered into by the Company and prospective investors. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.
CBOE CANADA DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.
Copyright (c) 2025 TheNewswire - All rights reserved.
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TORONTO, ON TheNewswire - March 31, 2025 Silver Crown Royalties Inc. ( Cboe: SCRI, OTCQX: SLCRF, BF: QS0 ) (" Silver Crown ", " SCRi ", or the " Company ") is pleased to provide an update on its non-brokered offering of units ("Units ") that was previously announced on February 6, 2025 (the " Offering ").
In connection with the Offering, the Company has successfully closed the second tranche (" Second Tranche ") and issued 75,310 Units at a price of C$6.50 per Unit, for gross proceeds of approximately C$489,515. Each Unit consists of one common share (" Common Share ") and one Common Share purchase warrant (" Warrant "), with each Warrant exercisable to acquire one additional Common Share at an exercise price of C$13.00 for a period of three years from the closing date. The total units issued under this Offering total 142,848 for cumulative gross proceeds of C$928,512.
The proceeds from the Second Tranche will be used to partially fund the second tranche of the Company's silver royalty acquisition on the Igor 4 project in Peru, as well as general and administrative expenses. All securities issued are subject to a statutory hold period of four months plus one day from the date of issuance, in accordance with applicable securities legislation. The closing was subject to customary conditions, including the approval of Cboe Canada Inc.
ABOUT Silver Crown Royalties INC.
Founded by industry veterans, Silver Crown Royalties ( Cboe: SCRI | OTCQX: SLCRF | BF: QS0 ) is a publicly traded, silver royalty company. Silver Crown (SCRi) currently has four silver royalties of which three are revenue-generating. Its business model presents investors with precious metals exposure that allows for a natural hedge against currency devaluation while minimizing the negative impact of cost inflation associated with production. SCRi endeavors to minimize the economic impact on mining projects while maximizing returns for shareholders. For further information, please contact:
Peter Bures, Chairman and CEO
Telephone: (416) 481-1744
Email: pbures@silvercrownroyalties.com
FORWARD-LOOKING STATEMENTS
This release contains certain "forward looking statements" and certain "forward-looking information" as defined under applicable Canadian and U.S. securities laws. Forward-looking statements and information can generally be identified by the use of forward-looking terminology such as "may", "will", "should", "expect", "intend", "estimate", "anticipate", "believe", "continue", "plans" or similar terminology. The forward-looking information contained herein is provided for the purpose of assisting readers in understanding management's current expectations and plans relating to the future. Readers are cautioned that such information may not be appropriate for other purposes. Forward-looking statements and information include, but are not limited to, the proceeds from the Second Tranche will be used to partially fund the second tranche of the Company's silver royalty acquisition on the Igor 4 project in Peru, as well as general and administrative expenses. Forward-looking statements and information are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that, while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual actions, events or results to be materially different from those expressed or implied by such forward-looking information, including but not limited to: the impact of general business and economic conditions; the absence of control over mining operations from which SCRi will purchase gold and other metals or from which it will receive royalty payments and risks related to those mining operations, including risks related to international operations, government and environmental regulation, delays in mine construction and operations, actual results of mining and current exploration activities, conclusions of economic evaluations and changes in project parameters as plans continue to be refined; accidents, equipment breakdowns, title matters, labor disputes or other unanticipated difficulties or interruptions in operations; SCRi's ability to enter into definitive agreements and close proposed royalty transactions; the inherent uncertainties related to the valuations ascribed by SCRi to its royalty interests; problems inherent to the marketability of gold and other metals; the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; industry conditions, including fluctuations in the price of the primary commodities mined at such operations, fluctuations in foreign exchange rates and fluctuations in interest rates; government entities interpreting existing tax legislation or enacting new tax legislation in a way which adversely affects SCRi; stock market volatility; regulatory restrictions; liability, competition, the potential impact of epidemics, pandemics or other public health crises on SCRi's business, operations and financial condition, loss of key employees. SCRi has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information. SCRi undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management's best judgment based on information currently available.
This document does not constitute an offer to sell, or a solicitation of an offer to buy, securities of the Company in Canada, the United States or any other jurisdiction. Any such offer to sell or solicitation of an offer to buy the securities described herein will be made only pursuant to subscription documentation between the Company and prospective purchasers. Any such offering will be made in reliance upon exemptions from the prospectus and registration requirements under applicable securities laws, pursuant to a subscription agreement to be entered into by the Company and prospective investors. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.
CBOE CANADA DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.
Copyright (c) 2025 TheNewswire - All rights reserved.
News Provided by TheNewsWire via QuoteMedia
The central bank has held its benchmark rate at 4.25 to 4.5 percent since November 2024.
Silver price, May 29 to June 5, 2025.
Chart via the Investing News Network.
CME Group's (NASDAQ:CME) FedWatch tool shows half of market respondents predict a 0.25 percent cut at the Fed's September meeting, while the other half is split on the Fed holding the line and a deeper 0.5 percent cut.
Silver's spike also comes after a phone call between US President Donald Trump and Russian President Vladimir Putin. Following the discussion, Trump said a near-term ceasefire between Russia and Ukraine is unlikely, noting that Putin has vowed to respond to recent attacks by Ukraine that destroyed more than 40 nuclear-capable aircraft.
On the economic data front, the US released its weekly unemployment insurance report on Thursday. It shows that the advance figure for seasonally adjusted initial claims was 247,000 for the week ended on May 31. The four week average has been pushed to 1.9 million, the highest level since November 27, 2021.
The US Bureau of Labor Statistics reported more data to suggest a slumping US economy in a Thursday report focused on Q1. In its release, the bureau said that nonfarm labor productivity decreased 1.5 percent in the first quarter of the year as output decreased 0.2 percent and hours worked increased 1.3 percent.
The labor news comes as the Trump administration ratcheted up tariffs on steel and aluminum products to 50 percent this week, raising the possibility of a deepening trade war, and putting greater pressure on the global economy.
Elsewhere, gold and equity markets weren’t faring as well on Thursday.
Gold was off by 0.5 percent in morning trading, falling to US$3,353.66 per ounce.
The metal has surged more than 25 percent this year, setting a slew of new price records, and has continued to trade in elevated territory, fueled by the same conditions as silver’s recent run.
The S&P 500 (INDEXSP: INX) was flat, recording a 0.14 percent decline to 5,961. The Nasdaq-100 (INDEXNASDAQ: NDX) was the sole gainer in morning trading, rising 0.24 percent to 21,776, and the Dow Jones Industrial Average (INDEXDJX: .DJI) was unchanged at 42,422.
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Securities Disclosure: I, Dean Belder, hold no direct investment interest in any company mentioned in this article.
With those factors in mind, let’s look at the pros and cons of buying silver bullion.
Silver bullion is often considered a good safe-haven asset. As mentioned, investors often flock to precious metals in times of turmoil, politically and economically. For example, physical silver and gold have both performed strongly in recent years against a background of geopolitical instability and high inflation.
"What you can know with absolute certainty is that good money — so physical gold, physical silver in your possession — is the single safest thing that you can do to protect yourself from all of those issues, plus so many more," Lynette Zang of ITM Trading told the Investing News Network at the 2024 Vancouver Resource Investment Conference.
While cash, mining stocks, bonds and other financial products are accepted forms of wealth, they are essentially still digital promissory notes. For that reason, they are all vulnerable to depreciation due to actions like printing money. A troy ounce of silver bullion, on the other hand, is a finite tangible asset. That means that, although it is vulnerable to market fluctuations like other commodities, physical silver isn’t likely to completely crash because of its inherent and real value. Market participants can buy bullion in different forms, such as silver coins or silver jewelry, or they can buy silver bullion bars.
Compared to gold bullion, silver is significantly cheaper, which makes it more accessible for investors looking for an affordable entrance to the precious metals market. This can make it easier for investors to build up a portfolio over time.
Another benefit is that investors who need to convert their precious metals to currency will have an easier time selling a portion of their silver portfolio than those looking to sell part of their gold. Just as a US$100 bill can be a challenge to break at the store, divvying up an ounce of gold bullion can be a challenge. As a result, silver bullion is more practical and versatile, particularly for everyday investors who need flexibility in their investments.
Silver tends to move in tandem with gold: when the price of gold rises, so too does the price of silver. Because the white metal is currently worth around 1/100th the price of gold, buying silver bullion is affordable and stands to see a much bigger percentage gain if the silver price goes up. In fact, silver has outperformed the gold price in bull markets. It’s possible for an investor to hedge their bets with silver bullion in their investment portfolio.
Silver and gold have been used as legal tender for thousands of years, and that lineage lends them a sense of stability. Many buyers find comfort in knowing that silver has been recognized for its value throughout a great deal of mankind’s history, and so there’s an expectation that it will endure while a fiat currency may fall to the wayside. When individuals invest in physical silver, there is a reassurance that the metal has value that will continue to persist. Additionally, its increasing use as an industrial metal in the energy transition has improved the metals fundamentals even further.
Unlike most other investments, such as stocks, holding silver bullion can leave investors vulnerable to theft. And of course, the more physical assets, including silver jewelry, that reside within your home, the more at risk you are for losing significantly if a burglary takes place. It's possible to secure your assets from looting by using a safety deposit box in a bank or a safe box in your home, but this will incur additional costs.
Silver may not perform as well as other investments, such as real estate or even other metals. Mining stocks, especially silver stocks that pay dividends, may also be a better option than silver bullion for some investors. Royalty and streaming companies are another option for those interested in investing in silver, as are exchange-traded funds and silver futures.
When investors try to buy any bullion product, such as an American silver ounce coin known as a silver eagle, they quickly find out that the physical silver price is generally higher than the silver spot price due to premiums used by sellers. What’s more, if demand is high, premiums can go up fast, making the purchase of physical silver bullion more expensive and a less attractive investment.
Silver bullion coins are not legal tender, meaning they can't be used for every day purchases. Since the metal is usually used as an investment, this isn't often an issue. However, it does mean that if silver needs to be sold in a hurry to cover expenses, investors will need to find a buyer. If you can't access a bullion dealer and are in a jam, pawn shops and jewelers are an option, but they won't necessarily pay well.
Interested in adding silver to your portfolio? Watch the Investing News Network's (INN) interview with Mark Yaxley of precious metals dealer SWP. He discusses how much to buy, what products to consider and more.
Larisa Sprott: Gold, Silver Early in Cycle, Smart Money Buying NowAlso, check out this INN interview with Larisa Sprott of Sprott Money and Argo to learn about investing in silver bullion as a digital asset.
This is an updated version of an article originally published by the Investing News Network in 2016.
Don’t forget to follow us @INN_Resource for real-time news updates!
Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.
Locality map illustrating the position of Cobre’s project areas. Green licenses are relevant tothe Transaction, dark grey licenses will be run, and are owned, independently by Cobre.
At Perrinvale, Cobre is exploring a quartz unit with grades up to 99.6 percent silica, which is critical for electronics, solar photovoltaics and semiconductors. A published exploration target of up to 28.3 Mt and encouraging metallurgical results have attracted early interest from potential partners, including Malaysian group GK Silica.
Cobre remains well-positioned financially, with approximately AU$3 million in cash and investments as of March 2025. The company’s shareholder base is tightly held, with insiders owning over 7 percent and cornerstone investor Strata Investment Holdings controlling nearly 20 percent.
For the full analyst report, click here.
This content is intended only for persons who reside or access the website in jurisdictions with securities and other applicable laws which permit the distribution and consumption of this content and whose local law recognizes the scope and effect of this Disclaimer, its limitation of liability, and the legal effect of its exclusive jurisdiction and governing law provisions [link to Governing Law section of the Disclaimer page].
Any investment information contained on this website, including third party research reports, are provided strictly for informational purposes, are general in nature and not tailored for the specific needs of any person, and are not a solicitation or recommendation to purchase or sell a security or intended to provide investment advice. Readers are cautioned to seek the advice of a registered investment advisor regarding the appropriateness of investing in any securities or investment strategies mentioned on this website.
Santo Niño: A New Gold-Silver Discovery Confirmed 900 Metres South of the Santa Elena Plant.
Navidad: Drilling Expands the Mineral Deposit Footprint and Returns Higher-Grade Gold and Silver.
First Majestic Silver Corp. (NYSE: AG) (TSX: AG) (FSE: FMV) (the "Company" or "First Majestic") is pleased to report a second significant discovery of vein-hosted gold and silver mineralization within a year at the Santa Elena property in Sonora, Mexico, and to share additional positive drilling results from the Navidad discovery. The near surface, newly identified Santo Niño vein, located approximately one kilometre south of the Santa Elena mine, marks a significant addition to the district. Resource addition and resource conversion drilling at the Navidad Discovery - completed after maiden Inferred Resource estimate declaration (see news release dated March 31, 2025 substantially increased the size of the mineralized area and several holes returned higher than average grades for the deposit. With the additions of Navidad and Santo Niño, the Santa Elena property now hosts four significant gold-silver deposits: Santa Elena, Ermitaño, Navidad, and Santo Niño, underscoring the growing scale and potential of the district.
"The past twelve months of our exploration activities at Santa Elena have been outstanding," stated Keith Neumeyer, President & CEO of First Majestic. "The Santo Niño discovery marks yet another exciting milestone for the district, and the drilling shows the vein remains open for expansion in most directions. At the same time, step-out drilling at the Navidad Discovery continues to intercept exceptionally high-grade mineralization and expand the resource envelope. Together with the producing Santa Elena and Ermitaño mines, these new deposits confirm Santa Elena as a truly prolific district with tremendous untapped potential. We believe Santo Niño and Navidad will meaningfully extend the mine life and will unlock additional value to the portfolio."
EXPLORATION HIGHLIGHTS FOR SANTO NIÑO AND NAVIDAD
Exploration drilling approximately 900 metres ("m") south of the Santa Elena processing plant has discovered the Santo Niño vein - a large, epithermal quartz-adularia vein hosting gold ("Au") and silver ("Ag") within a newly identified fault zone. Exploration drilling to date has traced the vein over one kilometre ("km") of strike and 400 m down-dip, with thirteen intercepts to date returning significant gold and silver grades. Confirmed mineralization spans more than 600 m along strike and approximately 200 m down dip, and the upside potential is open in multiple directions. Geological characteristics closely mirror those of the Ermitaño deposit, situated approximately 2.2 km to the east-southeast along strike, underscoring the district-scale potential at Santa Elena.
Drilling of the Navidad/Winter vein system, following the maiden Inferred Mineral Resource estimate effective December 31, 2024, expanded the footprint of precious metal mineralization while returning gold and silver grades substantially higher than were reported in the maiden Resource estimate. Drillhole EWUG-25-050 targeted the Winter vein more than 100 m east of prior drilling and intersected some of the highest-grade mineralization ever encountered on the Santa Elena Property: 6.8 m grading 14.8 g/t Au and 642 g/t Ag for an AgEq grade of 1,898 g/t. This interval includes 1.2 m at 29.5 g/t Au and 919 g/t Ag for 3,427 g/t AgEq; and 2.5m at 21.2 g/t Au and 1,093 g/t Ag for 2,897 g/t AgEq. Five additional significant intersections were cut further downhole including that of the Navidad vein. Resource conversion drilling confirms the continuity of precious metal mineralization and, in general, returned significantly higher gold and silver grades than estimated from prior drilling.
KEY DRILLING HIGHLIGHTS
Tables 1-3 below present a selection of drill hole intercepts with significant assay results from drilling at the Santo Niño and Navidad discoveries. All intercepts are true width.
Santo Niño Discovery Highlights
Table 1: Santo Niño Vein Significant Intercepts
| Hole ID | From (m) | To (m) | True Width (m) | Metal Grades |
| SE-24-04 | 471.45 | 473.80 | 1.93 | 3.07 g/t Au and 115 g/t Ag |
| And | 479.80 | 482.40 | 1.99 | 2.69 g/t Au and 59 g/t Ag |
| SE-25-15 | 345.00 | 347.20 | 1.91 | 8.38 g/t Au and 248 g/t Ag |
| Includes 1 | 345.75 | 346.25 | 0.43 | 27.50 g/t Au and 641 g/t Ag |
| SE-25-19 | 363.20 | 364.95 | 1.12 | 2.10 g/t Au and 34 g/t Ag |
| And | 366.25 | 372.30 | 5.24 | 1.51 g/t Au and 81 g/t Ag |
| And | 374.00 | 388.25 | 12.34 | 1.65 g/t Au and 113 g/t Ag |
| SE-25-23 | 376.20 | 378.60 | 1.84 | 4.81 g/t Au and 94 g/t Ag |
Navidad Discovery Highlights
Table 2: Winter Vein Significant Intercepts
| Hole ID | From (m) | To (m) | True Width (m) | Metal Grades |
| EWUG-25-050 | 702.50 | 713.10 | 6.81 | 14.77 g/t Au and 642 g/t Ag |
| Includes 1 | 702.90 | 704.75 | 1.19 | 29.51 g/t Au and 919 g/t Ag |
| Includes 2 | 705.10 | 708.95 | 2.47 | 21.22 g/t Au and 1093 g/t Ag |
| EWUG-25-051 | 569.10 | 575.90 | 5.89 | 11.11 g/t Au and 215 g/t Ag |
| Includes 1 | 569.45 | 569.90 | 0.39 | 17.81 g/t Au and 189 g/t Ag |
| Includes 2 | 571.15 | 572.50 | 1.17 | 24.99 g/t Au and 435 g/t Ag |
| Includes 3 | 573.45 | 573.80 | 0.30 | 12.05 g/t Au and 518 g/t Ag |
| Includes 4 | 574.35 | 575.00 | 0.56 | 16.52 g/t Au and 367 g/t Ag |
Table 3: Navidad Vein Significant Intercepts
| Hole ID | From (m) | To (m) | True Width (m) | Metal Grades |
| EW-24-387 | 1369.65 | 1371.75 | 1.61 | 4.74 g/t Au and 209 g/t Ag |
| EW-25-389 | 1120.95 | 1122.55 | 1.23 | 2.33 g/t Au and 158 g/t Ag |
| EW-25-389 | 1124.65 | 1129.55 | 3.75 | 6.06 g/t Au and 103 g/t Ag |
| EWUG-25-047 | 803.90 | 806.90 | 1.93 | 2.54 g/t Au and 14 g/t Ag |
| EWUG-25-047 | 815.00 | 825.45 | 9.05 | 3.31 g/t Au and 55 g/t Ag |
| EWUG-25-050 | 1017.00 | 1019.50 | 1.25 | 2.75 g/t Au and 314 g/t Ag |
District-Scale Exploration Strategy
Building on the exploration model unveiled in February 2025, our exploration team delivered a second gold and silver discovery in less than 12 months - the Santo Niño vein. By drilling beneath the masking andesitic cover into the prospective rhyolite horizon, geologists intercepted the Santo Niño vein and delineated zones of high-grade mineralization. Large portions of the Santa Elena concession, where this rhyolite is concealed, have not yet been explored, underscoring the district's untapped potential. Figure 1 shows the locations of the two new discoveries within the broader Santa Elena property.
Figure 1: Santa Elena Property Schematic Map of the Santo Niño and Navidad Discovery Areas. Plan View.
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Santo Niño Target
The Santo Niño discovery sits approximately 900 m south of the Santa Elena processing plant and 2.2 km west-northwest of the Ermitaño deposit. Twenty-three diamond drill core holes have been completed to date with thirteen returning significant vein-hosted gold and silver mineralization (Figures 2 and 3). Eleven of those intercepts define a continuous, higher-grade zone in the vein's western upper levels.
Santo Niño is a low-sulphidation, epithermal quartz-adularia vein within the Santo Niño fault zone (Figure 4). Drilling shows the structure strikes north-northwest and dips moderately to the northeast. The vein has now been traced for more than 1 km along strike and 400 m down-dip. Within that envelope, a mineralized core measuring ~600 m along strike by ~220 m down-dip has been identified to date. The average thickness of the mineralized zone is ~4.5 m and ranges from 1 m to 12.3 m. The mineralized area outlined by drilling is located in the western portion of the drill pattern projecting towards surface and the westernmost drill holes have returned some of the highest gold and silver grades. Mineralization remains open to the west and up-dip, while step-out holes on the east side have also intersected additional significant Au-Ag values that are open both eastward and at depth.
The full extent of the Santo Niño vein is yet to be defined, and substantial follow-up drilling is planned for 2025 to test its lateral and vertical potential.
Figure 2: Santo Niño Discovery Details, Santo Niño Vein. (A) Vertical Cross-Section of the Santo Niño Vein looking East. (B) Plan View of the Santo Niño Vein. (C) Long-Section Looking North. Full Projection of Santa Elena Mine Located ~ 1km North from Santo Niño Vein.
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Figure 3: Santo Niño Vein Long Section Looking North with Significant Intercepts Highlighting the Emerging Mineral Discovery.
Santa Elena Mine Projected in the Background for Reference.
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Figure 4: Core Photography of the Sano Niño Quartz-Adularia Vein with Gold and Silver Mineralization Detected by XRF Analysis
Hole SE-25-19 Assay Results: 12.34 m at 1.65 g/t Au and 113 g/t Ag (true width)
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Navidad Target
Drilling in the first half of 2025 has significantly expanded the Navidad/Winter vein system and delivered assay grades that exceed the averages estimated from prior drilling in the maiden Inferred Mineral Resource estimate. Step-out and in-fill holes have now traced the combined structure for 1.3 km along strike and 450 m down-dip, confirming both the lateral continuity and the vertical reach of high-grade mineralization.
The most significant growth has occurred on the eastern flank of the deposit. Since the resource cut-off date, drilling to the east has expanded the Winter vein by 175 m, and the Navidad vein by 325 m, with each step-out hole returning robust precious-metal values (Figure 5).
Three holes highlight the potential for deposit grade increase, and core photos from these holes are shown in Figures 6 and 7:
Structural interpretation indicates that the principal mineral shoots in both veins plunge gently - about 20° toward the east-northeast - and remain open up and down plunge (Figures 8 and 9).
In combination with the emerging Santo Niño discovery, the Navidad/Winter results reinforce Santa Elena's status as a district-scale, multi-deposit system with significant upside. An aggressive drill program, with nine active rigs currently, is in progress for the remainder of 2025, drilling aims to test the full strike length and depth potential of the new discoveries and to explore for additional mineral deposits.
Figure 5: Navidad Vein System Detail. Winter and Navidad Veins. (A) Long-Section of Winter Vein Showing Expansion from Drilling. (B) Plan View of Winter Vein. (C) Long Section of Navidad Vein Showing Expansion from Drilling. (D) Plan View of Navidad Vein.
Full Projection, Long Sections Looking North.
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Figure 6: Core Photography of the Winter Vein with Very High-Grade Gold and Silver Mineralization Detected by XRF Analyzer.
Hole EW-25-050 Assay Results: 6.81 m at 14.77 g/t Au and 642 g/t Ag (true width).
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Figure 7: Core Photography of the Navidad Vein with High-Grade Gold and Silver Mineralization Detected by XRF Analyzer.
Hole EW-25-389 Assay Results: 1.23 m at 2.33 g/t Au and 158 g/t Ag and 3.75 m at 6.06 g/t Au and 103 g/t Ag (true width).
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Figure 8: Winter Vein Long Section Looking Northwest with Significant Intercepts. Green Boundary Represents the Previously Disclosed Inferred Mineral Resource.
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Figure 9: Navidad Vein Long Section Looking Northwest with Significant Intercepts. Green Boundary Represents the Previously Disclosed Inferred Mineral Resource.
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Table 4: Drilling Summary of Significant Gold and Silver Drill Hole Intercepts at Santo Niño and Navidad Discoveries
| Drillhole | Target | Target Type | Significant Intercept | |||||
| From (m) | To (m) | True Length (m) | Au (g/t) | Ag (g/t) | AgEq (g/t) | |||
| Santo Niño Project | ||||||||
| SE-24-04 | Santo Niño Vein 1 | Resource addition | 471.45 | 473.80 | 1.93 | 3.07 | 115 | 376 |
| SE-24-04 | Santo Niño Vein 2 | Resource addition | 479.80 | 482.40 | 1.99 | 2.69 | 59 | 288 |
| SE-24-04 | Santo Niño Vein 3 | Resource addition | 484.35 | 486.00 | 1.26 | 1.12 | 141 | 236 |
| SE-24-04 | Santo Niño Vein 4 | Resource addition | 486.80 | 488.45 | 1.26 | 1.12 | 55 | 151 |
| SE-24-08 | Santo Niño Vein 1 | Resource addition | 558.10 | 559.40 | 1.18 | 1.15 | 30 | 128 |
| SE-24-08 | Santo Niño Vein 2 | Resource addition | 562.70 | 564.00 | 1.18 | 0.53 | 88 | 133 |
| SE-25-10 | Santo Niño Vein 1 | Resource addition | 650.40 | 653.55 | 2.73 | 0.81 | 84 | 153 |
| SE-25-10 | Santo Niño Vein 2 | Resource addition | 655.15 | 659.25 | 3.55 | 0.67 | 93 | 150 |
| SE-25-12 | Vein | Resource addition | 374.00 | 375.70 | 1.2 | 1.39 | 27 | 145 |
| SE-25-12 | Santo Niño Vein | Resource addition | 381.30 | 389.30 | 5.66 | 1.18 | 120 | 221 |
| SE-25-13 | Santo Niño Vein | Resource addition | 492.75 | 495.30 | 2.51 | 1.83 | 41 | 197 |
| SE-25-14 | Santo Niño Vein | Resource addition | 639.95 | 641.55 | 1.03 | 2.69 | 151 | 379 |
| SE-25-15 | Santo Niño Vein | Resource addition | 345.00 | 347.20 | 1.91 | 8.38 | 248 | 960 |
| SE-25-15 | Include 1 | Resource addition | 345.75 | 346.25 | 0.43 | 27.5 | 641 | 2,979 |
| SE-25-16 | Santo Niño Vein | Resource addition | 344.85 | 347.00 | 1.95 | 2.55 | 20 | 237 |
| SE-25-18 | Santo Niño Vein | Resource addition | 396.45 | 398.25 | 1.16 | 1.88 | 120 | 280 |
| SE-25-19 | Vein | Resource addition | 363.20 | 364.95 | 1.12 | 2.1 | 34 | 212 |
| SE-25-19 | Breccia | Resource addition | 366.25 | 372.30 | 5.24 | 1.51 | 81 | 209 |
| SE-25-19 | Santo Niño Vein | Resource addition | 374.00 | 388.25 | 12.34 | 1.65 | 113 | 253 |
| SE-25-21 | Breccia | Resource addition | 386.35 | 388.95 | 2.13 | 2.6 | 58 | 279 |
| SE-25-21 | Santo Niño Vein | Resource addition | 405.35 | 415.20 | 8.07 | 0.8 | 65 | 133 |
| SE-25-22 | Santo Niño Vein 1 | Resource addition | 488.50 | 489.80 | 1.13 | 1.79 | 55 | 208 |
| SE-25-22 | Santo Niño Vein 2 | Resource addition | 492.00 | 495.55 | 3.07 | 2 | 60 | 229 |
| SE-25-23 | Santo Niño Vein | Resource addition | 376.20 | 378.60 | 1.84 | 4.81 | 94 | 503 |
| SE-25-25 | Santo Niño Vein | Resource addition | 421.50 | 424.25 | 1.94 | 1.4 | 66 | 185 |
| Navidad Project | ||||||||
| EW-24-387 | Navidad Vein | Resource addition | 1369.65 | 1371.75 | 1.61 | 4.74 | 209 | 611 |
| EW-24-388 | Vein | Resource addition | 883.20 | 885.80 | 2.25 | 3.92 | 35 | 368 |
| EW-24-388 | Winter Vein | Resource addition | 973.20 | 976.40 | 2.77 | 2.06 | 66 | 241 |
| EW-24-388 | Regalo Vein | Resource addition | 1178.50 | 1179.95 | 1.11 | 1.34 | 98 | 212 |
| EW-24-388 | Navidad Vein | Resource addition | 1201.05 | 1202.65 | 1.39 | 1.84 | 180 | 336 |
| EW-24-388 | Vnlts | Resource addition | 1275.90 | 1277.35 | 1.26 | 0.83 | 83 | 153 |
| EW-25-389 | Navidad Vein | Resource addition | 1120.95 | 1122.55 | 1.23 | 2.33 | 158 | 356 |
| EW-25-389 | Navidad Vein 2 | Resource addition | 1124.65 | 1129.55 | 3.75 | 6.06 | 103 | 618 |
| EW-25-389 | Include | Resource addition | 1125.55 | 1126.15 | 0.46 | 16.1 | 342 | 1,711 |
| EW-25-391 | Vnlts | Resource addition | 996.70 | 998.50 | 1.03 | 1.78 | 117 | 268 |
| EW-25-391 | Navidad Vein 1 | Resource addition | 1010.20 | 1011.45 | 1.13 | 0.85 | 92 | 165 |
| EW-25-391 | Navidad Vein 2 | Resource addition | 1012.80 | 1015.10 | 2.08 | 1.41 | 123 | 242 |
| EW-25-391 | Vein | Resource addition | 1195.10 | 1198.90 | 1.9 | 1.42 | 117 | 237 |
| EWUG-24-047 | Regalo Vein | Resource addition | 803.90 | 806.90 | 1.93 | 2.54 | 14 | 231 |
| EWUG-24-047 | Navidad Vein | Resource conversion | 815.00 | 825.45 | 9.05 | 3.31 | 55 | 337 |
| EWUG-25-050 | Winter Vein | Resource addition | 702.50 | 713.10 | 6.81 | 14.77 | 642 | 1,898 |
| EWUG-25-050 | Include 1 | Resource addition | 702.90 | 704.75 | 1.19 | 29.51 | 919 | 3,427 |
| EWUG-25-050 | Include 2 | Resource addition | 705.10 | 708.95 | 2.47 | 21.22 | 1,093 | 2,897 |
| EWUG-25-050 | Vein | Resource addition | 720.50 | 724.15 | 2.09 | 3.66 | 141 | 452 |
| EWUG-25-050 | Include | Resource addition | 720.50 | 721.05 | 0.32 | 11.01 | 413 | 1,349 |
| EWUG-25-050 | Regalo Vein | Resource addition | 1017.00 | 1019.50 | 1.25 | 2.75 | 314 | 548 |
| EWUG-25-050 | Navidad Vein | Resource addition | 1051.30 | 1057.20 | 3.79 | 0.82 | 100 | 169 |
| EWUG-25-050 | Stockwork | Resource addition | 1068.70 | 1073.30 | 1.94 | 1.86 | 15 | 173 |
| EWUG-25-050 | Stockwork | Resource addition | 1122.10 | 1127.45 | 2.68 | 2.44 | 114 | 322 |
| EWUG-25-051 | Winter Vein | Resource conversion | 569.10 | 575.90 | 5.89 | 11.11 | 215 | 1,159 |
| EWUG-25-051 | Include 1 | Resource addition | 569.45 | 569.90 | 0.39 | 17.81 | 189 | 1,703 |
| EWUG-25-051 | Include 2 | Resource addition | 571.15 | 572.50 | 1.17 | 24.99 | 435 | 2,559 |
| EWUG-25-051 | Include 3 | Resource addition | 573.45 | 573.80 | 0.3 | 12.05 | 518 | 1,543 |
| EWUG-25-051 | Include 4 | Resource addition | 574.35 | 575.00 | 0.56 | 16.53 | 367 | 1,772 |
Notes:
First Majestic's drilling programs follow established Quality Assurance, Quality Control ("QA/QC") insertion protocols with standards, blanks, and duplicates introduced into the sample-stream. After geological logging, all drill core samples are cut in half. One half of the core is submitted to the laboratory for analysis and the remaining half core is retained on-site for verification and reference purposes or for future metallurgical testing.
Core samples were submitted to the SGS laboratory (ISO/IEC 17025:2017) and to the First Majestic Central laboratory (Central laboratory) (ISO 9001:2015). At SGS, gold is analyzed by 30 g or 50 g fire assay atomic absorption finish (GE-FAA30V5, GE-FAA50V5). Results above 10 g/t gold are analyzed by 30 g or 50g fire assay gravimetric finish (GO-FAG30V, GO-FAG50V). Silver is analyzed by 3-acid digest atomic absorption finish (GE-AAS33E50). Results above 100 g/t silver are analyzed by 30 g or 50 g fire assay gravimetric finish (GO-FAG37V, GO-FAG57V). At Central laboratory, gold is analyzed by 30g fire assay atomic absorption finish (AU-AA13). Results above 10 g/t are analyzed by 30 g fire assay gravimetric finish (ASAG-14). Silver is analyzed by 3-acid digestion atomic absorption finish (AAG-13). Results above 100 g/t are analyzed by 30 g fire assay gravimetric finish (ASAG-14, ASAG-13).
For further information concerning QA/QC and data verification matters, key assumptions, parameters, and methods used by the Company to estimate Mineral Reserves and Mineral Resources, and for a detailed description of known legal, political, environmental, and other risks that could materially affect the Company's business and the potential development of Mineral Reserves and Mineral Resources, see the Company's most recently filed Annual Information Form available under the Company's SEDAR+ profile at www.sedarplus.ca and the Company's Annual Report on Form 40-F for the year ended December 31, 2024 filed with the United States Securities and Exchange Commission on EDGAR at www.sec.gov/edgar.
QUALIFIED PERSONS
Gonzalo Mercado, P. Geo., the Company's Vice President of Exploration and Technical Services and a "Qualified Person" as defined under National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101"), has reviewed and approved the scientific and technical information contained in this news release. Mr. Mercado has verified the exploration data contained in this news release, including the sampling, analytical and test data underlying such information.
ABOUT FIRST MAJESTIC
First Majestic is a publicly traded mining company focused on silver and gold production in Mexico and the United States. The Company presently owns and operates four producing underground mines in Mexico: the Cerro Los Gatos Silver Mine (the Company holds a 70% interest in the Los Gatos Joint Venture that owns and operates the mine), the Santa Elena Silver/Gold Mine, the San Dimas Silver/Gold Mine, and the La Encantada Silver Mine, as well as a portfolio of development and exploration assets, including the Jerritt Canyon Gold project located in northeastern Nevada, U.S.A.
First Majestic is proud to own and operate its own minting facility, First Mint, LLC, and to offer a portion of its silver production for sale to the public. Bars, ingots, coins and medallions are available for purchase online at www.firstmint.com, at some of the lowest premiums available.
For further information, contact info@firstmajestic.com, visit our website at www.firstmajestic.com or call our toll-free number 1.866.529.2807.
"signed"
Keith Neumeyer, President & CEO
Cautionary Note Regarding Forward-Looking Statements
This news release contains "forward‐looking information" and "forward-looking statements" under applicable Canadian and U.S. securities laws (collectively, "forward‐looking statements"). These statements relate to future events or the Company's future performance, business prospects or opportunities that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management made in light of management's experience and perception of historical trends. Forward-looking statements in this news release include, but are not limited to, statements with respect to: the full extent of the Santo Niño vein; follow-up drilling planned for 2025; statements relating to potential for grade increase of deposits; potential of drilling programs; and extension of mine life. Assumptions may prove to be incorrect and actual results and future events may differ materially from those anticipated. As such, investors are cautioned not to place undue reliance upon forward-looking statements as there can be no assurance that the plans, assumptions or expectations upon which they are placed will occur. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives or future events or performance (often, but not always, using words or phrases such as "seek", "anticipate", "plan", "continue", "estimate", "expect", "may", "will", "project", "predict", "forecast", "potential", "target", "intend", "could", "might", "should", "believe" and similar expressions) are not statements of historical fact and may be "forward‐looking statements". Statements concerning proven and probable mineral reserves and mineral resource estimates may also be deemed to constitute forward-looking statements to the extent that they involve estimates of the mineralization that will be encountered as and if the property is developed, and in the case of measured and indicated mineral resources or proven and probable mineral reserves, such statements reflect the conclusion based on certain assumptions that the mineral deposit can be economically exploited.
Actual results may vary from forward-looking statements. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results to materially differ from those expressed or implied by such forward-looking statements, including but not limited to: material adverse changes; general economic conditions including inflation risks; labour relations; relations with local communities; changes in national or local governments; exchange rate fluctuations; environmental risks; requirements for additional capital; outcomes of pending litigation; unexpected changes in laws, rules or regulations, or their enforcement by applicable authorities; the failure of parties to contracts with the company to perform as agreed; social or labour unrest; changes in commodity prices; and the failure of exploration programs or studies to deliver anticipated results or results that would justify and support continued exploration, studies, development or operations as well as those factors discussed in the section entitled "Description of Business - Risk Factors" in the Company's most recent Annual Information Form for the year ended December 31, 2024 filed with the Canadian securities regulatory authorities under the Company's SEDAR+ profile at www.sedarplus.ca and in the Company's Annual Report on Form 40-F for the year ended December 31, 2024 filed with the United States Securities and Exchange Commission on EDGAR at www.sec.gov/edgar. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended.
The Company believes that the expectations reflected in these forward‐looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward‐looking statements included herein should not be unduly relied upon. These statements speak only as of the date hereof. The Company does not intend, and does not assume any obligation, to update these forward-looking statements, except as required by applicable laws.
Cautionary Note to United States Investors
The Company is a "foreign private issuer" as defined in Rule 3b-4 under the United States Securities Exchange Act of 1934, as amended, and is eligible to rely upon the Canada-U.S. Multi-Jurisdictional Disclosure System, and is therefore permitted to prepare the technical information contained herein in accordance with the requirements of the securities laws in effect in Canada, which differ from the requirements of the securities laws currently in effect in the United States. Accordingly, information concerning mineral deposits set forth herein may not be comparable with information made public by companies that report in accordance with U.S. standards.
Technical disclosure contained in this news release has not been prepared in accordance with the requirements of United States securities laws and uses terms that comply with reporting standards in Canada with certain estimates prepared in accordance with NI 43-101.
NI 43-101 is a rule developed by the Canadian Securities Administrators that establishes standards for all public disclosure an issuer makes of scientific and technical information concerning the issuer's material mineral projects.
APPENDIX - DRILL HOLE DETAILS
Table A15: Drill Hole Collar Location, Sample Type, Azimuth, Dip and Total Depth
| Drillhole | East | North | Elev | Azimuth | Dip | Depth (m) | Type |
| SE-24-02 | 581524 | 3320066 | 791.72 | 209.59 | -62.09 | 474 | Core |
| SE-24-03 | 581594 | 3319698 | 773.98 | 340.83 | -44.92 | 825 | Core |
| SE-24-04 | 581302 | 3320292 | 813.43 | 153.99 | -64.48 | 530 | Core |
| SE-24-05 | 581511 | 3320379 | 836.80 | 172.33 | -62.45 | 630 | Core |
| SE-24-06 | 581309 | 3320669 | 808.00 | 171.44 | -62.18 | 276 | Core |
| SE-24-07 | 581309 | 3320669 | 800.00 | 177.00 | -45.00 | 840 | Core |
| SE-24-08 | 581797 | 3320344 | 794.00 | 195.07 | -66.09 | 735 | Core |
| SE-25-09 | 581510 | 3320379 | 836.69 | 194.14 | -67.61 | 762 | Core |
| SE-25-10 | 581795 | 3320343 | 784.46 | 196.38 | -74.84 | 711 | Core |
| SE-25-11 | 581304 | 3320292 | 813.42 | 194.92 | -65.15 | 516 | Core |
| SE-25-12 | 581304 | 3320292 | 813.34 | 195.27 | -54.09 | 570 | Core |
| SE-25-13 | 581512 | 3320379 | 836.52 | 159.79 | -44.97 | 555 | Core |
| SE-25-14 | 581797 | 3320348 | 784.53 | 149.63 | -73.57 | 801 | Core |
| SE-25-15 | 581303 | 3320292 | 813.42 | 213.11 | -44.33 | 480 | Core |
| SE-25-16 | 581305 | 3320292 | 813.45 | 190.15 | -44.86 | 723 | Core |
| SE-25-17 | 582068 | 3320192 | 817.75 | 191.08 | -74.84 | 735 | Core |
| SE-25-18 | 581303 | 3320293 | 813.47 | 219.48 | -54.47 | 477 | Core |
| SE-25-19 | 581303 | 3320293 | 813.64 | 227.50 | -43.57 | 441 | Core |
| SE-25-20 | 581797 | 3320347 | 784.24 | 184.06 | -49.45 | 555 | Core |
| SE-25-21 | 581302 | 3320293 | 813.43 | 236.62 | -44.40 | 477 | Core |
| SE-25-22 | 581796 | 3320347 | 784.69 | 206.82 | -51.92 | 561 | Core |
| SE-25-23 | 581307 | 3320292 | 813.70 | 169.61 | -49.20 | 468 | Core |
| SE-25-24 | 581797 | 3320344 | 794.00 | 195.86 | -43.73 | 504 | Core |
| SE-25-25 | 581302 | 3320293 | 813.43 | 171.86 | -60.10 | 462 | Core |
| EW-24-387 | 583232 | 3319766 | 876.92 | 162.71 | -59.82 | 1500 | Core |
| EW-24-388 | 583419 | 3319716 | 871.26 | 174.77 | -58.45 | 1293 | Core |
| EW-25-389 | 582983 | 3319624 | 898.05 | 167.75 | -55.17 | 1272 | Core |
| EW-25-390 | 582913 | 3319501 | 916.44 | 169.95 | -60.03 | 1386 | Core |
| EW-25-391 | 582805 | 3319381 | 909.74 | 165.00 | -55.83 | 1334 | Core |
| EWUG-25-047 | 583639 | 3319413 | 603.12 | 201.42 | -58.99 | 852 | Core |
| EWUG-25-048 | 583666 | 3319415 | 603.35 | 172.63 | -65.66 | 1008 | Core |
| EWUG-25-049 | 583639 | 3319413 | 603.02 | 180.77 | -64.22 | 971.5 | Core |
| EWUG-25-050 | 583667 | 3319415 | 603.24 | 155.44 | -73.90 | 1149 | Core |
| EWUG-25-051 | 583638 | 3319413 | 603.71 | 194.12 | -69.43 | 1200 | Core |
Notes:
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