The Conversation (0)
June 30, 2024
Boab Metals Limited (ASX: BML) (“Boab” or the “Company”) is pleased to announce the results of its Front-End Engineering & Design (“FEED”) Study for its 75% owned Sorby Hills Lead-Silver- Zinc Project (“Sorby Hills” or “the Project”), located in the Kimberley Region of Western Australia. The FEED Study augments and enhances the Sorby Hills Definitive Feasibility Study (“DFS”) released by the Company in January 2023.
HIGHLIGHTS
Project updates (excluding any change in macroeconomic assumptions) have delivered an increase of +A$73M Net Cash Flow and +A$41M NPV8 compared to the DFS.
Key Base Case Project Metrics include upfront Capital Expenditure of A$264M, average C1 Cost of US$ 0.36/lb payable Lead (including silver credits), pre-tax NPV8 of A$411M, pre-tax IRR of 37%, and average annual EBITDA of A$126M.
Importantly, the net change to pre-production Capital Expenditure is limited and project pre- tax cash flows over the initial 5 years of production have improved by +A$150M providing a stronger profile to support debt financing.
Assuming current spot pricing1 for Lead, Silver, Exchange Rate and current Benchmark Lead Treatment and Silver Refining Charges results in an NPV8 of A$596M, pre-tax IRR of 47% and average annual EBITDA of A$160M.
Key Project updates include:
- Updated post FEED pricing for the Process Plant EPC Contract provided by GR Engineering Service (“GRES”).
- Updated mining schedule bringing forward mining of the high-grade Norton Deposit.
- Updated metal recovery and concentrate grades for the Norton Deposit based on new metallurgical testwork on core recovered during the Phase VII drilling program.
- Updated pricing for the Mining and Earthworks Contracts provided on a bundled basis and based on the optimised site layout and mining schedule.
- Updated tailings strategy with above-ground tailings disposal being employed for the Life of Mine as opposed to in-pit deposition previously adopted in the DFS.
Boab Managing Director and CEO, Simon Noon, stated:
“Following the DFS, we identified clear opportunities to optimise and de-risk the Project both technically and economically. Over the past year, we have pursued these opportunities in conjunction with completing Front End Engineering & Design on our Process Plant with GRES.
We are pleased to present the results of our work during this period in the form of this FEED Study. We now look forward to accelerating our engagement with financiers and further advancing Sorby Hills toward a Final Investment Decision.”
Click here for the full ASX Release
This article includes content from Boab Metals, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
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09 January
Boab Metals Limited
Investor Insight
Boab Metals is well-positioned to capitalize on the rising demand for lead and silver, delivering value to shareholders and supporting the global transition to sustainable energy systems.
Overview
Boab Metals (ASX:BML) is an ASX-listed base and precious metals explorer and developer with a flagship project poised for near-term production. Boab Metals is progressing toward a final investment decision (FID) on its Sorby Hills project, a world-class lead-silver deposit, underpinned .
Strategically located 150 km from Wyndham Port, the Sorby Hills project benefits from excellent infrastructure, including access to green power from the Ord River hydroelectric plant. The company's strategy combines technical expertise, sustainable practices, and robust financial planning to advance the Sorby Hills project, which is slated to produce high-grade lead-silver concentrate through conventional open-pit mining.
Strong economics underpin the project with a net present value (8 percent) of AU$411 million and a 37 percent internal rate of return, as confirmed by the completed front-end engineering design (FEED) study. Life-of-mine operating cash flow is pegged at AU$1.1 billion with an average annual EBITDA of AU$126 million. It boasts a competitive C1 cash cost of US$0.36/lb payable lead (after considering silver credits).
Further boosting the prospects of the Sorby Hills project a binding offtake and prepayment agreements with Trafigura, which ensured 75 percent of the lead-silver concentrate produced at Sorby Hills is pre-sold, providing a cornerstone financial foundation.
Company Highlights
- Boab Metals is an ASX-listed base and precious metals explorer and developer with a flagship project poised for near-term production.
- The Sorby Hills project, Boab’s flagship asset, boasts a high-quality 47.3 Mt resource at 4.3 percent lead equivalent (123 g/t silver equivalent), including 53 Moz contained silver, and is in Western Australia, 50 km northeast of Kununurra.
- Strong economics underpin the project with an NPV (8 percent) of AU$411 million and an IRR of 37 percent, as confirmed by the completed FEED study. Life-of-mine operating cash flow of AU$1.1 billion with an average annual EBITDA of AU$126 million. Competitive C1 cash cost of US$0.36/lb payable lead (after considering silver credits).
- Binding offtake and prepayment agreements with Trafigura.
- Access to green hydroelectric power and existing environmental approvals enhance the project’s sustainability credentials and support reduced operational costs.
- Committed to community engagement, Boab Metals fosters strong relationships with local stakeholders and supports regional development initiatives.
- Expert leadership with a proven track record in exploration and development of mining assets
Key Project
Sorby Hills Project
Boab Metals owns 75 percent of the Sorby Hills Project, with the remaining 25 percent held by Henan Yuguang Gold & Lead Co., China's largest lead smelting and silver producer. The project boasts a substantial, high-quality resource base of 47.3 million ton resource base at 4.3 percent lead equivalent (123 g/t silver equivalent), including 53 million ounces of contained silver, all with significant exploration upside.
Project Highlights
- Strategic Location: Situated in the Kimberley region of Western Australia, 50 km northeast of Kununurra, Sorby Hills benefits from proximity to existing infrastructure, including access to the Wyndham Port, facilitating efficient export routes to Asian markets.
- Low-risk Mining: Conventional open-pit mining with a shallow, high-grade orebody, ensuring rapid payback and early cashflows.
- Straightforward Conventional Processing: The process plant employs a crush-mill-flotation circuit to produce high-grade lead-silver concentrate, achieving metallurgical recoveries of 92 percent for lead and 82 percent for silver.
- Infrastructure and Accessibility: Excellent infrastructure, including sealed roads to Wyndham Port, facilitates efficient transport and export logistics.
- Exploration Upside: Potential for near-pit resource growth and regional discoveries at prospects like the Keep zinc-lead target and Eight Mile Creek.
- Sustainable Project: Powered by ~90 percent renewable energy from the Ord River hydroelectric plant. Opportunities are being explored to eliminate diesel power backups, further reducing emissions.
- Community Engagement: Boab Metals actively supports local initiatives, including partnerships with the Teach Learn Grow program and sponsorship of the Ord Valley Muster, which fosters community development in the East Kimberley region.
- Key Milestones Ahead: The company expects to finalize all regulatory approvals and secure debt financing to support project development by the first half of 2025, with construction and development expected by the second half of 2025. Boab Metals also plans to conduct infill drilling and exploration to expand the resource and refine the reserves.
Management Team
Gary Comb – Chairman
An engineer with over 30 years of experience in the Australian mining industry, Gary Comb has a strong track record in successfully commissioning and operating base metal mines. He previously served as chairman of Finders Resources, and was the managing director of Jabiru Metals and CEO of BGC Contracting.
Simon Noon – Managing Director & CEO
Appointed on October 19, 2013, Simon Noon brings more than 15 years of experience managing public resource companies. He has a strong background in strategic management, business planning, finance and capital raising across various commodities. Noon's notable achievements include leading the acquisition and development of the Sorby Hills project, resulting in a 50 percent increase in the mineral resource and the delivery of high-quality feasibility studies
Richard Monti – Non-executive Director
A geologist with a successful career spanning over 30 years in the international mineral resource industry, Richard Monti has broad industry knowledge and strong strategic planning capabilities. He has more than 46 years of directorship experience in 13 ASX and TSX listed mining and exploration companies, building and managing teams of up to 70 personnel.
Andrew Parker – Non-executive Director
Holding a Bachelor of Laws degree from the University of Western Australia, Andrew Parker has significant experience in the exploration and mining industry, with expertise in corporate advisory, strategic consultancy, and capital raising. Before joining Boab Metals, he co-founded Trident Capital, a corporate advisory and venture capital firm.Keep reading...Show less
Advancing toward near-term lead and silver production in Western Australia
7h
Top 5 Canadian Silver Stocks of 2025
Silver prices surged during the second quarter of 2025, surpassing the US$37 per ounce mark and reaching their highest levels in 14 years.
The price movements stem from a tightening supply and demand situation, which has seen above-ground inventories squeezed due to an increasing need from industrial sectors, particularly the growing photovoltaics industry.
However, demand has also increased due to heightened investor interest in alternative safe-haven assets, as gold prices reached record highs. The shifting sentiment comes amid uncertainty over a US trade policy that could reduce the world's gross domestic product by 1 percent.
Investors have also been spooked by increasing conflict in the Middle East.
How has silver's price movement benefited Canadian silver stocks on the TSX, TSXV and CSE? The five companies listed below have seen the best performances since the start of the year. Data was gathered using TradingView's stock screener on July 7, 2025, and all companies listed had market caps over C$10 million at that time.
1. Santacruz Silver (TSX:SCZ)
Year-to-date gain: 321.82 percent
Market cap: C$387.88 million
Share price: C$1.16
Santacruz Silver is an Americas-focused silver producer with operations in Bolivia and Mexico. Its producing assets include a 45 percent stake in the Bolivar and Porco mines, which it shares with the Bolivian government, and a 100 percent ownership of the Caballo Blanco Group mines in Bolivia, along with the Zimapan mine in Mexico.
In addition to its producing assets, Santacruz also owns the greenfield Soracaya project, an 8,325 hectare land package located in Potosi, Bolivia. According to an August 2024 technical report, the site hosts an inferred resource of 34.5 million ounces of silver derived from 4.14 million metric tons of ore with an average grade of 260 g/t.
In October 2021, Santacruz acquired Glencore's (LSE:GLEN,OTC Pink:GLCNF) 45 percent stake in the Bolivar and Porco mines and a 100 percent interest in the Soracaya project. Under the terms of the deal, Santacruz made an initial payment of US$20 million and was obligated to make an additional US$90 million over a four-year period from the closing of the transaction. Glencore also retained a 1.5 percent net smelter return.
The pair amended the deal in October 2024, giving Santacruz the option to either pay off the US$80 million base purchase price through annual US$10 million installments or to accelerate the repayment by paying US$40 million by November 2025. The deal also includes additional terms such as monthly payments to Glencore contingent on zinc pricing benchmarks.
Santacruz chose the accelerated option through a structured payment plan, which allows it to satisfy the base purchase price of the properties while saving US$40 million compared to the annual installment option. As of its third payment to Glencore on July 7, Santacruz has now paid US$25 million.
In its Q1 2025 production report released on June 12, Santacruz disclosed consolidated silver production of 1.59 million ounces, marking a 1 percent increase from the 1.58 million ounces produced during the same quarter in 2024.
Santacruz shares reached a year-to-date high of C$1.16 on July 7.
2. Almaden Minerals (TSX:AMM)
Year-to-date gain: 318.18 percent
Market cap: C$32.93 million
Share price: C$0.23
Almaden Minerals is a precious metals exploration company working to advance the Ixtaca gold-silver deposit in Puebla, Mexico. According to the company website, the deposit was discovered by Almaden’s team in 2010 and has seen more than 200,000 meters of drilling across 500 holes.
A July 2018 resource estimate shows measured resources of 862,000 ounces of gold and 50.59 million ounces of silver from 43.38 million metric tons of ore, and indicated resources of 1.15 million ounces of gold and 58.87 million ounces of silver from 80.76 million metric tons of ore with a 0.3 g/t cutoff.
In April 2022, Mexico’s Supreme Court of Justice ruled that the initial licenses issued in 2002 and 2003 would be reverted back to application status after the court found there had been insufficient consultation when the licenses were originally assigned.
Ultimately, the applications were denied in February 2023, effectively halting progress on the Ixtaca project. While subsequent court cases have preserved Almaden’s mineral rights, it has yet to restore the licenses to continue work on the project.
In June 2024, Almaden announced it had confirmed up to US$9.5 million in litigation financing that will be used to fund international arbitrations proceedings against Mexico under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership.
In a December update, the company announced that several milestones had been achieved, including the first session with the tribunal, at which the company was asked to submit memorial documents outlining its legal arguments by March 20, 2025. At that time, the company stated it would vigorously pursue the claim but preferred a constructive resolution with Mexico.
On March 21, the company indicated that it had submitted the requested documents, claiming US$1.06 billion in damages. The memorial document outlines how Mexico breached its obligations and unlawfully expropriated Almaden’s investments without compensation.
The most recent update from the proceedings occurred on May 23, when the company announced that it had established a key personnel retention agreement (KPA) with CFO Korm Trieu and Executive Vice President Douglas McDonald. The KPA is intended as a long-term incentive program to retain employees for their knowledge of the proceedings, and the employees will need to perform certain duties related to the claims.
Under the terms of the agreement, the key personnel will split 4 percent of net proceeds, to a maximum of US$12 million, should Almaden’s claim prove successful.
Almaden shares reached a year-to-date high of C$0.245 on June 30.
3. Avino Silver and Gold (TSX:ASM)
Year-to-date gain: 296.85 percent
Market cap: C$710.8 million
Share price: C$5.04
Avino Silver and Gold Mines is a precious metals miner with two primary silver assets: the producing Avino silver mine and the neighboring La Preciosa project in Durango, Mexico.
The Avino mine is capable of processing 2,500 metric tons of ore per day, and according to its FY24 report released on January 21 the mine produced 1.1 million ounces of silver, 7,477 ounces of gold and 6.2 million pounds of copper last year. Overall, the company saw broad production increases with silver rising 19 percent, gold rising 2 percent and copper increasing 17 percent year over year.
In addition to its Avino mining operation, Avino is working to advance its La Preciosa project toward the production stage. The site covers 1,134 hectares, and according to a February 2023 resource estimate, hosts a measured and indicated resource of 98.59 million ounces of silver and 189,190 ounces of gold.
In a January 15 update, Avino announced it had received all necessary permits for mining at La Preciosa and begun underground development at La Preciosa. It is now developing a 350 meter mine access and haulage decline. The company said the first phase at the site is expected to cost less than C$5 million, which will be funded from cash reserves.
In Avino’s Q1 financial report released on May 13, the company noted that work was progressing at the site according to plan, with blasting and construction of the decline underway. It added that a new drill was working on the haulage ramp to the Gloria and Abundancia veins.
On the production and finance side, the company reported a record quarterly after-tax income of US$5.6 million, 10 percent higher than the US$5.1 million during Q4 2024. Avino also reported a 6 percent increase in silver production to 265,681 ounces. The company attributed the gain to an increase in feeder grade.
Avino shares reached a year-to-date high of C$5.04 on July 7.
4. Excellon Resources (TSXV:EXN)
Year-to-date gain: 238.89 percent
Market cap: C$57.43 million
Share price: C$0.305
Excellon Resources is an exploration and development company that is advancing its recently acquired Mallay silver mine in Peru back into production.
Mining at the site produced 6 million ounces of silver, 45 million pounds of zinc and 35 million pounds of lead between 2012 and 2018 before the operation was placed on care and maintenance.
On June 24, Excellon announced that it had completed its acquisition of Minera CRC, and its Mallay mine and Tres Cerros gold-silver project in Peru.
Excellon began the court-supervised acquisition process in October 2024. On March 11, Excellon announced that it had entered into a definitive agreement with Adar Mining and Premier Silver, which resolved any outstanding disputes between Adar, Premier, and Minera, and paved the way to complete the transaction.
In the June release, the company stated that it will immediately commence the next phase of its strategy to restart the mine. As Mallay is fully permitted with infrastructure in place, Excellon is aiming for run-rate silver production in Q2 of next year.
Additionally, the company announced on July 3 that it had appointed Mike Hoffman to its board of directors. Hoffman has been in the mining sector for over 35 years, and has experience with developing mines in Latin America.
Shares in Excellon reached a year-to-date high of C$0.315 on July 4.
5. Andean Precious Metals (TSX:APM)
Year-to-date gain: 182.61 percent
Market cap: C$481.71 million
Share price: C$3.25
Andean Precious Metals is a precious metals company with a pair of operating assets in the Americas.
Its primary silver-producing operation is the San Bartolomé facility in the Potosi Department of Bolivia. The onsite processing facility has an annual ore capacity of 1.8 million metric tons. The company has transitioned from conventional mining and is processing feed from both its low-cost fines deposit facility and third-party ore purchases.
Its other producing asset is the Golden Queen mine in Kern County, California, US. It hosts a 12,000 MT per day cyanide heap leach and Merril-Crowe processing facility. A mineral reserve statement showed a measured and indicated silver resource of 11.24 million ounces from 41.81 million MT at an average grade of 8.37 g/t silver. The company acquired Golden Queen from Auvergne Umbrella in November 2023 for total consideration of US$15 million.
On May 6, Andean released its Q1 operating and financial results. During the first quarter of the year, it produced 925,000 ounces of silver across its operations, up 0.9 percent over Q1 2024. However, the company noted that its revenues increased 43.9 percent year-over-year, reaching US$62 million compared to US$43.1 million. The company attributed this increase to higher silver and gold prices.
The most recent news from the company came on June 2 when it announced it entered into an exclusive, long-term agreement with the Bolivian state-owned mining company Corporacion Minera de Bolivia to acquire up to 7 million metric tons of oxide ore from mining concessions in Bolivia.
The ore is located within a 250 kilometer radius of the processing facility at its San Bartolomé operation, where it will process the ore. Under the terms of the 10 year agreement, Andean will immediately receive an initial 250,000 metric tons of ore, with the remaining to be delivered in tranches of 50,000 MT.
Shares in Andean reached a year-to-date high of C$3.25 on July 7.
Don’t forget to follow us @INN_Resource for real-time news updates!
Securities Disclosure: I, Dean Belder, hold no direct investment interest in any company mentioned in this article.
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09 July
5 Silver Stocks With Dividends
Silver is a notoriously volatile metal capable of wide price swings in either direction. However, the metal is also seen by many as a safe-haven investment and a hedge against inflation.
While investing in silver bullion is one popular method for gaining exposure, silver-mining companies offer another route.
Silver-mining companies with strong balance sheets and experienced management teams are able to capitalize on high silver prices and weather the storm of low silver prices. Some of the most profitable silver-mining companies are even able to offer investors dividends, which may be appealing for those who are in it for the long haul.
Dividends are especially attractive in the often-unstable mining sector because they give investors a degree of security — if a company pays a dividend, it generally feels that it has the cash to do so and believes it will have the ongoing profits it needs to keep those payments coming.
There are several dividend-paying silver stocks for investors to choose from. The companies below are ordered by dividend yield, and all data is current as of June 19, 2025.
1. Fresnillo (LSE:FRES,OTC Pink:FNLPF)
LSE market cap: GBP 10.66 billion
Dividend yield: 1.71 percent
Major miner Fresnillo bills itself as the world’s leading primary silver producer and a significant gold producer. Its precious metals operations are all located in Mexico, including the Fresnillo mine, which is the largest primary silver mine in the world. It also holds a portfolio of exploration prospects in the country and silver streaming contracts.
Fresnillo's attributable output from its mines for the full 2024 year came to 56.3 million ounces of silver and 610,646 ounces of gold. The company's reported mine production for the the first quarter of 2025 comes to 12.4 million ounces of silver and 156,100 ounces of gold.
Dividends from the company are paid in pounds sterling unless shareholders elect to be paid in US dollars. This silver stock pays two dividends per year, with the dividend split unevenly between the two; one third is paid in the interim dividend and two-thirds in the final dividend. Its dividend policy takes business profitability and underlying earnings growth into account, as well as capital requirements and cash flow.
Most recently, Fresnillo paid its 2024 final dividend of 19.6521 pence, or US$0.261, on May 30, 2025. Additionally, due to its 2024 financial performance, including revenue growth of 26.9 percent, the company paid a special one-off dividend of 31.4736 pence, or US$0.418 per share, the same day. This made 2024 Fresnillo's highest recorded dividend payout year yet.
2. Pan American Silver (TSX:PAAS,NYSE:PAAS)
TSX market cap: C$14.39 billion
NYSE market cap: US$10.55 billion
Dividend yield: 1.41 percent
Founded by Ross Beaty in 1994, Pan American Silver currently operates four primary silver mines, which are located in Mexico, Peru, Bolivia and Argentina. It also has a portfolio of gold mines produce silver as a by-product.
The company’s 2024 silver production came in at 21.1 million ounces alongside 892,000 ounces of gold. For Q1 this year, output reached a total of 5 million ounces of silver and 182,200 ounces of gold.
In May, Pan American announced a definitive agreement to acquire silver producer MAG Silver (TSX:MAG,NYSEAMERICAN:MAG), which owns a 44 percent interest in the large-scale, high-grade Juanicipio mine, operated by Fresnillo.
The highest dividend Pan American has ever paid is US$0.125 per share, and it was able to pay a dividend of that amount a noteworthy nine times in a row between March 18, 2013, and March 13, 2015. The silver stock paid its most recent quarterly dividend on June 2, 2025, at US$0.10 per share.
3. Wheaton Precious Metals (TSX:WPM,NYSE:WPM)
TSX market cap: C$56.63 billion
NYSE market cap: US$41.58 billion
Dividend yield: 0.71 percent
Wheaton Precious Metals is a well-known name in the silver space largely because of its business model — it is the world’s biggest precious metals streaming company.
Streaming companies operate differently from miners, making upfront payments to a variety of metals companies in order to gain the right to purchase all or a portion of their metal production at a low, fixed cost.
The company currently has streaming agreements in place for 18 operating mines and 28 development-stage projects. It is interested in companies operating in politically stable jurisdictions, and states that its value should rise with the price of silver and gold. As a result, Wheaton sees itself offering investors multiple benefits while reducing many of the downside risks that traditional miners face.
Wheaton pays a quarterly dividend. So far in 2025, it has already made two dividend payments of US$0.165 per share, with the latest payment on June 10, 2025.
4. Silvercorp Metals (TSX:SVM)
TSX market cap: C$1.29 billion
NYSE market cap: US$950.85 million
Dividend yield: 0.59 percent
Silvercorp Metals operates the Gaocheng and Ying silver-mining operations in China, and is also focused on acquiring and growing underdeveloped projects with high upside.
Its silver production for its 2025 fiscal year ended March 31 came in at approximately 6.95 million ounces, and the company also produced 7,495 ounces of gold. The company's 2026 production guidance is set at 7.38 million to 7.6 million ounces of silver and 9,100 to 10,400 ounces of gold.
Silvercorp offers shareholders a semiannual dividend, which it states is “based on a number of factors including commodity prices, market conditions, financial results, cash flows from operations, expected cash requirements and other relevant factors.” Its most recent dividend was paid on June 26, 2025, at a rate of US$0.0125 per share.
5. Hecla Mining Company (NYSE:HL)
NYSE market cap: US$3.76 billion
Dividend yield: 0.59 percent
Last on this list of silver stocks that pay dividends is Hecla Mining Company, which wholly owns and operates four mines and has a large exploration portfolio. The oldest precious metals miner in North America, Hecla is also the largest primary silver producer in the US and Canada and the third largest in the world.
In the US, Hecla operates the Greens Creek and Lucky Friday silver mines, located in Alaska and Idaho respectively. As for Canada, Hecla has the Keno Hill silver mine in the Yukon's Keno Hill silver district, which is home to some of the world's highest silver grades, as well as the Casa Berardi gold-silver mine in Québec.
Hecla reported 2024 production of 16.2 million ounces of silver, the second highest in the company's history, and 142,000 ounces of gold. As for Q1 2025, the company produced 4.1 million ounces of silver and 34,242 ounces of gold.
Hecla pays an annual minimum common stock dividend, distributing it on a quarterly basis. Its dividends previously included a silver-linked component, but the company removed this in February 2025 in part to refocus the capital on growth opportunities.
Currently, the company's annual minimum common stock dividend is set at US$0.015 per share, divided into quarterly payments of US$0.00375. Its most recent payment was on June 10, 2025.
Hecla also pays a quarterly US$0.875 per share dividend for its Series B cumulative convertible preferred stock, which it states is typically paid on January 1, April 1, July 1 and October 1.
FAQs for silver dividend stocks
What are dividend stocks?
Dividend stocks regularly pay a sum of money to a class of shareholders out of the company's earnings. To qualify for a dividend payout, an investor must have owned the stock on the ex-dividend date.
Dividends are often issued as cash payments sent to a shareholder’s brokerage account, but can also be issued as stock or discounts on share purchases.
How to invest in dividend stocks?
You can invest in dividend-paying stocks through a stock broker or stock platform, and a stock broker can offer advice on how to take advantage of companies offering dividend programs. Some dividend stocks may also offer a dividend reinvestment program, allowing shareholders to automatically buy new shares with their dividends, either commission-free or at a reduced cost.
How much do dividend stocks pay?
A company's board of directors is responsible for setting a dividend policy and will determine the size of the dividend payout based on the firm's long-term revenue outlook.
The size of an individual shareholder's dividend payout depends on the number of shares owned in that company. For example, if an investor owned 1,000 shares of Wheaton Precious Metals, which is currently paying a dividend of US$0.165 per share, they would get US$165 every quarter, totaling US$660 annually.
What silver ETFs pay dividends?
There are no physical backed Silver ETFs with dividends. However, ETFs that track dividend-paying silver stocks such as those listed above may offer the potential for dividend income. A few examples of are Global X Silver Miners ETF (ARCA:SIL), and iShares MSCI Global Silver and Metals Miners ETF (BATS:SLVP).
This is an updated version of an article originally published by the Investing News Network in 2015.
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.
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26 June
Rapid Successfully Undertakes $10.5M Capital Raising to Fund Acquisition of the Webbs and Conrads NSW Silver Projects
Rapid Critical Metals Limited (‘Rapid,’ ‘RCM’ or ‘Company’) is pleased to announce that the Company has received firm commitments from institutional, sophisticated and professional investors for the placement of 437,500,000New Fully Paid Ordinary Shares (New Shares) at an issue price of A$0.024 per new share (post 12-for-1 consolidation) to raise gross proceeds of A$10.5 million (Placement). The Placement comprises two tranches:
- Tranche 1 to raise A$10 million via the issue of approximately 416,666,667¹ million New Shares subject to the approval of shareholders (resolution 1) at the Extraordinary General Meeting scheduled for 7 July 2025 (EGM); and
- Tranche 2 to raise A$0.5 million via the issue of 20,833,334 million New Shares subject to shareholder approval to be sought at an EGM of the Company expected to be held in August 2025 for participation of a current major shareholder Strata Investment Holdings.
Highlights
- A$10.5m secured through a Placement, following receipt of firm commitments at an issue price of A$0.024 per share (post 12-for-1 consolidation).
- Strong support was received from existing & new institutional, sophisticated and professional investors.
- Existing major shareholder and board member Strata Investment holdings has participated with taking $500k of the placement to be voted on in an expected EGM in August.
- Proceeds from the Placement, together with existing cash, will be used to fund the acquisition of 100% of the Conrad and Webbs Silver Projects in the New England Fold Belt of NSW and to unlock the potential of the Projects rapidly. Rapid will rapidly implement programs at Webbs Silver Project with a focus to expand and upgrade the existing JORC Mineral Resource Estimate1 with targeted geophysics, drilling and metallurgical studies beginning in June 2025.
Proceeds from the Placement, together with existing cash, will be used to fund the acquisition ofthe Conrad and Webbs Silver Projects, currently owned by Silver Metal Group Limited (SMG) (for full details of the transaction refer ASX announcement of 22 May, 2025). Following completion of the acquisition, Rapid will own 100% of the Conrad and Webbs Silver Projects in the New England Fold Belt of NSW.
The opportunity exists to unlock the potential of the Projects rapidly, as neither have had any modern exploration or drilling done in the last decade. Exploration for new, parallel and blind structures can deliver new silver discoveries in the district.
Rapid will rapidly implement programs at Webbs Silver Project with a focus to expand and upgrade the existing JORC Mineral Resource Estimate with targeted geophysics, drilling and metallurgical studies beginning in June 2025.
Commenting on the success and level of interest in the Placement, Martin Holland, Rapid’s Managing Director, said:
“The Rapid team is pleased to have secured the funds which will be strategically used for the acquisition of the SMG silver projects in NSW. I would like to thank all existing and new shareholders who participated in the Placement for supporting the Board’s strategy.”
The Placement was strongly supported by new and existing shareholders, including Strata Investment Holdings Plc (Strata), the Company’s largest shareholder, whose participation is subject to shareholder approval to be sought at an EGM to be held in late August.
The Placement was conducted at a price of A$0.024 per New Share, which represents a:
- 0.00% discount to the last close price of A$0.002 on 23 June, 2025; and
- 0.00% discount to the 5-day Volume Weighted Average Price of A$.002 (pre consolidation)
All New Shares issued under the Placement will rank pari passu with the existing ordinary shares on issue in the capital of the Company.
Click here for the full ASX Release
This article includes content from Rapid Critical Metals, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
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25 June
Hawthorn Announces Closing of C$4 Million Subscription Receipt Financing
Hawthorn Resources Corp. (CSE: HWTN) ("Hawthorn" or the "Company") is pleased to announce that it has closed its previously announced subscription receipt (the "Subscription Receipts") offering (the "Offering").
Under the Offering, the Company issued an aggregate of 14,807,315 Subscription Receipts at a price of $0.27 per Subscription Receipt for aggregate proceeds of $3,997,975.05 (the "Subscription Proceeds").
Each Subscription Receipt, upon the satisfaction of certain conditions (the "Escrow Release Conditions") related to the Company's previously announced proposed acquisition of Stampede Metals Corporation (the "Acquisition") on or before the escrow release deadline of July 31, 2025 or such later date as the escrow agent and the Company agree (the "Escrow Release Deadline"), will be automatically converted, without payment of any additional consideration and without any further action on the part of the holder thereof, into a unit (a "Unit"), comprised of one post 1:0.75 consolidation (the "Consolidation") common share of the Company and one-half of one share purchase warrant. Each whole warrant will be exercisable to acquire a post-Consolidation common share at a price of $0.40 per share until December 23, 2026, subject to acceleration in the event that the post-Consolidated common shares of the Company trade at or above $0.60 for ten consecutive trading days. If the Escrow Release Conditions are not met by the Escrow Release Deadline, the aggregate Subscription Proceeds will be returned to subscribers without deduction.
President Ralph Shearing, P.Geol. of Hawthorn Resources, commented: "With nearly $4 million in financing received, upon completion of our acquisition of the Prince Silver Project, Hawthorn is fully funded to execute on our 2025 exploration priorities. We're excited to advance the Prince Silver Project — a near-surface CRD deposit with historic production, strong silver-gold-zinc-manganese mineralization identified in over 129 historic drill holes with excellent exploration expansion potential.
In connection with the Offering, upon conversion of the Subscription Receipts into the underlying Units, the Company will pay finders fees of $98,309.98 to eligible registrants assisting in the Offering and issue an aggregate of 420,111 broker warrants (each, a "Broker Warrant"), with each Broker Warrant entitling the holder to acquire one post-Consolidated common share of the Company at a price of $0.40 per share for until December 23, 2026.
All securities issued under Acquisition and in the Offering will have a hold period of four months and one day pursuant to applicable securities laws and CSE policy. In accordance with CSE policies, the Company has obtained written shareholder approval for the issuance of the aggregate post-Consolidated common shares to be issued pursuant to the Acquisition and the Offering.
Completion of the proposed Acquisition is subject to a number of conditions, including, but not limited to, completion of the concurrent financing, satisfaction by the parties of all applicable filing requirements pursuant to the policies of the Canadian Securities Exchange (the "CSE"), and acceptance and receipt of all applicable regulatory, corporate and shareholder approvals.
About Hawthorn Resources Corp.
Hawthorn is a silver exploration company focused on advancing the Prince Silver Project in Nevada, USA. Mineralization is open in all directions and is near surface. Hawthorn also holds option interest in Broken Handle Project, an early-stage mineral exploration project located southern British Columbia, Canada.
For further information, please refer to the Company's disclosure record on SEDAR+ (www.sedarplus.ca).
On Behalf of the Board of Directors,
Ralph Shearing, Director, President
Tel: 604-764-0965
Email: info@hawthornresources.ca
Forward-Looking Information
Certain statements in this news release are forward-looking statements, including with respect to future plans, and other matters. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as "may", "expect", "estimate", "anticipate", "intend", "believe" and "continue" or the negative thereof or similar variations. Some of the specific forward-looking information in this news release includes, but is not limited to, statements with respect to: completion of the Acquisition and related transactions, completion of the Initial Private Placement, appointments of directors and officers of the Company and regulatory and corporate approvals. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company, including but not limited to, business, economic and capital market conditions, the ability to manage operating expenses, dependence on key personnel, and compliance with property option agreements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, anticipated costs, and the ability to achieve goals. Factors that could cause the actual results to differ materially from those in forward-looking statements include, the continued availability of capital and financing, litigation, failure of counterparties to perform their contractual obligations, failure to obtain regulatory or corporate approvals, exploration results, loss of key employees and consultants, and general economic, market or business conditions. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The reader is cautioned not to place undue reliance on any forward-looking information.
The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
This news release does not constitute an offer to sell, or a solicitation of an offer to buy, any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons (as defined under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
The CSE has neither approved nor disapproved the contents of this press release and the CSE does not accept responsibility for the adequacy or accuracy of this release.
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20 June
Editor's Picks: Silver Price Hits 13 Year High, Gold Takes a Breather
Gold was on the decline this week, closing just below US$3,370 per ounce, after tensions in the Middle East pushed it past the US$3,430 level toward the end of last week.
All eyes were on the US Federal Reserve, which in a widely expected move left interest rates unchanged on Wednesday (June 18) following its two day meeting. The central bank cut rates in December 2024, but has kept them steady for its last four gatherings.
US President Donald Trump wasn't pleased, calling Powell "too late" in a Thursday (June 19) post on Truth Social. While speculation that Trump will fire Powell has died down, the president did recently say he intends to announce his next pick for the Fed leader position "very soon."
Of course, Fed meetings are never just about rate decisions — experts often look to Powell's post-meeting commentary to read between the lines of what's said (and not said).
Tariffs were definitely in focus this time around, with Powell emphasizing that it's still soon to tell how much of an impact they will have and how the Fed should react.
"We have to learn more about tariffs. I don’t know what the right way for us to react will be. I think it’s hard to know with any confidence how we should react until we see the size of the effects" — Jerome Powell, US Federal Reserve
Chris Temple of the National Investor, who offered another perspective on Powell's comments.
He noted that while Powell didn't say the Fed is going to abandon its 2 percent inflation target, it may be leaning in that direction. This is what he said:
The consensus still — although it was extremely close — is barely still for two 25 basis point rate cuts in the balance of 2025. Whether we get them or not, who knows, (but) that's the current snapshot, which may well change. But that's against a backdrop of admitting for the second SEP, summary of economic projections ... in a row that inflation is going to continue to move back higher — that we've seen the best numbers for inflation — at the same time that GDP slows a bit.
So okay, you just told us that your favored inflation number, which is a lot of smoke and mirrors to begin with, is going to go back up to north of 3 percent, which is what they said yesterday. And yet you still — the consensus is you're going to lower interest rates twice in 2025? So he did everything but come right out and admit that the 2 percent inflation target isn't going to be reached.
Stay tuned to our YouTube channel for the full interview with Temple.
Bullet briefing — Silver hits 13 year high, SPUT raising US$200 million
Is silver's price rise real?
Gold has stolen the precious metals spotlight in 2025, but this month silver is shining.
The white metal has been on the rise since the beginning of June, and this week it broke the US$37 per ounce mark for the first time in 13 years.
While silver is known to lag behind gold before playing catch up, it's also known for its volatility. Its move has created excitement, but market participants are also wary of a correction.
When asked what factors are driving silver, Peter Krauth of Silver Stock Investor he said he sees a "perfect storm" emerging. Here's how he explained it:
You've got the macroeconomic picture that is I think certainly bullish for silver, like it is for gold and a lot of the other commodities. But I think at the same time you've got the market kind of coming to terms with the fact that silver is in a deficit, (and) it's unlikely to be able to rectify that deficit for several years — in fact, the Silver Institute thinks we're going to see record deficits at some point over the next five years.
And silver supply is unable to grow. We saw a peak 10 years ago in mined silver, and overall silver supply is essentially flat.
So flat supply, growing demand — demand that's nearly 20 percent above supply — and our ability to meet those deficits is shrinking because we're tapping into these aboveground stockpiles that have shrunk by about 800 million ounces in the last four years, which is the equivalent of an entire year's mine supply. So it's the perfect storm, it's really all coming together. And I think that the market's realizing that.
But does that necessarily mean silver is ready for a big breakout? Krauth has a target of US$40 by the end of 2025, but said silver could potentially go 10 percent above that.
For his part, Jeffrey Christian of CPM Group attributes the silver price boost to increased demand from investors, especially when it comes to exchange-traded funds and wholesale products.
He's projecting a bumpier path forward for the metal:
You also have — the last time I looked it was like 490 million ounces of open interest in the July Comex futures contract. And that's two weeks from first delivery. So most of the people (who) have those shorts - those are hedges of their physical inventories. They keep those hedges in place, but they roll them forward. So they'll be buying back their Julys and selling September futures to keep that hedge in place with the next active futures contract. That buying back of the Julys could push silver prices higher.
So if you really want to talk granular prices, we wouldn't be surprised to see the price of silver fall to US$33, US$34 an ounce, and go up to US$40 an ounce and then back to US$33 an ounce over the next four weeks.
Click the links above to watch the interviews with Krauth and Christian.
SPUT raising US$200 million
The uranium spot price made moves this week after the Sprott Physical Uranium Trust (TSX:U.U,OTCQX:SRUUF) announced a US$100 million bought-deal financing on Monday (June 16).
It was bumped up to US$200 million the same day due to strong demand.
Spot uranium has been in a consolidation phase since hitting triple-digit levels in early 2024, creating frustration among those who are waiting for the industry's strong long-term fundamentals to be better expressed. This week's move past US$75 per pound has helped reinvigorate investors.
Want more YouTube content? Check out our expert market commentary playlist, which features interviews with key figures in the resource space. If there's someone you'd like to see us interview, please send an email to cmcleod@investingnews.com.
And don't forget to follow us @INN_Resource for real-time updates!
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.
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18 June
Hawthorn Resources Announces Fully Subscribed Private Placement and Planned Name Change to Prince Silver Corp.
Hawthorn Resources Corp. (CSE: HWTN) (OTC Pink: HAWWF) ("Hawthorn" or the "Company") is pleased to announce that, in connection with the recently executed agreement for the acquisition of Stampede Metals Corporation (the "Stampede Acquisition") owner of the Nevada located Prince Silver Project and Stampede Gap Project and previously announced consolidation (the "Consolidation"), the Company will change its name to Prince Silver Corp. (the "Name Change").
The Name Change and Consolidation are expected to take effect within the coming weeks. Upon completion, prior to giving effect to the Stampede Acquisition, the Company will have approximately 16,054,125 shares outstanding and will begin trading under its new name with a new CSE ticker symbol to be disclosed upon acceptance by the CSE.
"Rebranding as Prince Silver Corp. marks a transformative step as we align our corporate identity with the Prince Silver Project, a large-scale silver asset located in one of the world's premier mining jurisdictions," stated Ralph Shearing, P.Geo., President of the Company. "With an impressive previously disclosed Exploration Target and silver prices reaching multi-year highs, we believe this is a great opportunity to unlock significant value for our shareholders."
Fully Subscribed Private Placement
Hawthorn is pleased to report that the private placement of subscription receipts as previously disclosed has been fully subscribed to approximately $4 million (rounded), the maximum raise agreed to within the Stampede Acquisition Agreement. Closing of the private placement subscription receipts is expected to occur within the coming days.
Majority Shareholder Consent Obtained
The Company has obtained shareholder consent letters from shareholders representing over 55% of the issued and outstanding shares of Hawthorn approving the Stampede Acquisition transaction.
Corporate Strategy
The Company's corporate focus is centered on advancing the Prince Silver Project in Nevada, guided by the following strategic pillars:
- District-Scale Silver Focus: Advancing a large-scale silver asset in the heart of Nevada, one of the world's most mining-friendly jurisdictions.
- Significant Exploration Target: With mineralization that is near-surface and open in all directions. (see press release dated June 9, 2025, for further information on the Exploration Target)
- Drill-Driven Growth: Active exploration to expand higher-grade zones, confirm historic drilling results and define the scale of the Prince Silver Project mineralized system. A reverse circulation drill program is expected to be initiated on the Prince Silver Project, late July 2025.
- Strategic Partnerships: Actively seeking a joint venture or option partner to explore and develop the Stampede Gap Porphyry Copper-Gold Project, which has been identified as a large-scale Cu-Au system and the BC located greenfield Broken Handle exploration project.
The Company will provide further updates on exploration plans and key milestones in the coming weeks.
About Hawthorn Resources
Hawthorn is a silver exploration company focused on advancing the Prince Silver Project in Nevada, USA. Mineralization is open in all directions and is near surface. Hawthorn also holds option interest in Broken Handle Project, an early-stage mineral exploration project located southern British Columbia, Canada.
On Behalf of the Board of Directors
Ralph Shearing, Director, President
Tel: 604-764-0965
Email: info@hawthornresources.ca
Forward-Looking Information
Certain statements in this news release are forward-looking statements, including with respect to future plans, and other matters. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as "may", "expect", "estimate", "anticipate", "intend", "believe" and "continue" or the negative thereof or similar variations. Some of the specific forward-looking information in this news release includes, but is not limited to, statements with respect to: completion of the Acquisition and related transactions, completion of the proposed financing, proposed drill programs, amendments to the Company's website, property option payments and regulatory and corporate approvals. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company, including but not limited to, business, economic and capital market conditions, the ability to manage operating expenses, dependence on key personnel, completion of satisfactory due diligence in respect of the Acquisition and related transactions, and compliance with property option agreements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, anticipated costs, and the ability to achieve goals. Factors that could cause the actual results to differ materially from those in forward-looking statements include, the continued availability of capital and financing, litigation, failure of counterparties to perform their contractual obligations, failure to obtain regulatory or corporate approvals, exploration results, loss of key employees and consultants, and general economic, market or business conditions. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The reader is cautioned not to place undue reliance on any forward-looking information.
The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
This news release does not constitute an offer to sell, or a solicitation of an offer to buy, any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons (as defined under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
The CSE has neither approved nor disapproved the contents of this press release and the CSE does not accept responsibility for the adequacy or accuracy of this release.
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