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An announcement from ExGen Resources ( (TSE:EXG) ) is now available.
ExGen Resources has signed a second binding letter of intent to acquire an additional silver stream on a past-producing gold mine in South America, doubling its total silver streaming exposure on the property. The company paid US$500,000 for a 33.3% stream on the first 333,333 ounces of silver and a 16.7% stream thereafter, with PrivateCo obligated to deliver a minimum of 4,200 ounces of silver per quarter from Q2 2027 or compensate any shortfall in gold. ExGen will pay 20% of the spot silver price for delivered silver and has secured preferential rights to participate in future streaming or royalty deals on the property, reinforcing its strategy to build long-term, potentially high-margin cash flow streams and deepen its presence in precious metals streaming, albeit with execution risks tied to project development and production levels.
More about ExGen Resources
ExGen Resources Inc. is a Vancouver-based project accelerator in the mining sector that funds exploration and development through joint ventures and partnership agreements, aiming to reduce technical and financial risk while retaining exposure to discoveries and cash flow. The company is building a diversified portfolio across commodities and stages, currently holding nine projects in Canada and the United States, four net smelter return royalties in British Columbia’s Golden Triangle, and two silver streams in South America.
Average Trading Volume: 35,996
Technical Sentiment Signal: Hold
Current Market Cap: C$12.01M
See more data about EXG stock on TipRanks’ Stock Analysis page.