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Apollo Gold ( (TSE:APGO) ) has shared an announcement.
Apollo Silver Corp. has completed all payments under its option agreement with Athena Minerals, securing 100% ownership of 36 unpatented lode mining claims known as the Athena Claims, which form part of its Langtry Property within the Calico Silver Project in San Bernardino County, California. The acquisition, which included a final US$950,000 cash payment and the grant of a 1% net smelter return royalty to Athena on certain claims, consolidates the company’s land position at Calico, a major undeveloped U.S. silver asset with substantial measured, indicated and inferred resources, and strengthens Apollo Silver’s strategic position in silver and critical minerals amid rising interest in secure domestic supply. The company also disclosed that it has 34,903,440 outstanding share purchase warrants, each five exercisable into one common share at an exercise price of $3.95 and expiring on July 8, 2026, information relevant for existing warrant holders and potential investors reviewing the company’s capital structure.
Spark’s Take on TSE:APGO Stock
According to Spark, TipRanks’ AI Analyst, TSE:APGO is a Underperform.
Apollo Gold’s overall stock score reflects significant financial challenges, notably the lack of revenue and persistent losses. While technical indicators show some positive trends, they are offset by poor valuation metrics. Recent corporate events suggest strategic improvements, yet their immediate impact remains uncertain.
To see Spark’s full report on TSE:APGO stock, click here.
More about Apollo Gold
Apollo Silver Corp. is a mineral exploration and development company focused on advancing one of the largest undeveloped primary silver projects in the United States. Its flagship Calico Silver Project in California hosts a large, bulk-minable silver deposit with significant barite and zinc credits, minerals considered critical for U.S. energy and medical sectors. The company also holds an option on the Cinco de Mayo Project in Chihuahua, Mexico, a major carbonate replacement deposit with high-grade and large-tonnage potential, and is led by an experienced management team targeting value creation through exploration and development.
Average Trading Volume: 226,980
Technical Sentiment Signal: Buy
Current Market Cap: C$282.7M
Find detailed analytics on APGO stock on TipRanks’ Stock Analysis page.