Completion of silver acquisition and appointment of new director

1. Santacruz Silver (TSX: SCZ)

Year-to-date profit: 321.82 percent
Market capitalization: C $ 387.88 million
Stock price: C $ 1.16

Santacruz Silver is a silver producer focused on America with operations in Bolivia and Mexico. The producing assets include an interest of 45 percent in the Bolivar and Porco mines, which shares it with the Bolivian government, and a 100 percent owned by the Caballo Blanco Group Mines in Bolivia, together with the Zimapan -My -Mijn.

In addition to the producing assets, Santacruz also has the Greenfield Soracaya project, a land package of 8,325 hectares in Potosi, Bolivia. By one August 2024 Technical report, The site houses a derivative source of 34.5 million ounce of silver derived from 4.14 million tons of ore with an average degree of 260 g/t.

In October 2021, Santacruz bought Glencore’s (LSE: Glen, OTC Pink: GLCNF) 45 percent interest in the Bolivar and Porco mines and an interest of 100 percent in the Soracaya project. According to the conditions of the deal, Santacruz made a first payment of US $ 20 million and was obliged to earn an extra US $ 90 million over a period of four years after the transaction closing. Glencore also retained a net smelter return of 1.5 percent.

Pair the deal changed In October 2024, which gives Santacruz the option to pay the BASE purchase price of US $ 80 million via annual US $ 10 million episodes or to speed up the reimbursement by paying US $ 40 million in November 2025. The deal also contains extra conditions such as monthly payments to Glencore Contingent.

Santacruz opted for the accelerated option via a structured payment plan, with which it can satisfy the basic purchase price of the properties and at the same time saves US $ 40 million compared to the annual repayment option. From the third payment Santacruz has now paid US $ 25 million to Glencore on July 7.

In the first production report of 2025 released on 12 June, Santacruz revealed Consolidated silver production of 1.59 million Ounces, which marks an increase of 1 percent compared to the 1.58 million ounces produced in the same quarter in 2024.

Santacruz shares reached a year to date of C $ 1.16 on 7 July.

2. Almaden Minerals (TSX: AMM)

Year-to-date profit: 318.18 percent
Market capitalization: C $ 32.93 million
Stock price: C $ 0.23

Almaden Minerals is an exploration company with precious metals that works to promote the Ixtaca Gold-Silver payment in Puebla, Mexico. According to the company website, the deposit was discovered in 2010 by the Almaden team and has seen more than 200,000 meters of drilling over 500 holes.

A July 2018 Resource estimate Toont gemeten bronnen van 862.000 ons goud en 50,59 miljoen ons zilver van 43,38 miljoen ton erts, en gaven de middelen aan van 1,15 miljoen ounces goud en 58,87 miljoen ons zilver van 80,76 miljoen ton ton ton ton ton ton ton ton ton ton ton ton ton ton ton ton ton ton ton ton ton ton ton ton ton ton ton ton ton ton ton ton ton ton ton ton ton ton ton ton ton ton ton ton ton ton ton ton ton ton ton ton ton ton met a 0.3 g/t cutoff.

In April 2022, the Supreme Court of Mexico ruled that the initial licenses issued in 2002 and 2003 would be returned to the application status after the court had determined that there had been insufficient consultation when the licenses were originally awarded.

Finally the Applications were refused In February 2023, progress in the IXTACA project will effectively stop. Although the following lawsuits have kept the mineral rights of Almaden, it still has to recover the licenses in order to continue to work on the project.

In June 2024, Almaden announced that it had confirmed up to US $ 9.5 million Procedure -Financing This will be used to finance international arbitration procedures against Mexico under the comprehensive and progressive agreement for Trans-Pacific Partnership.

In a December update, the company announced that different milestones were reachedIncluding the first session with the Tribunal, where the company was asked to submit memorial documents with its legal arguments by March 20, 2025. At that time, the company stated that it would strive the claim, but preferred a constructive resolution with Mexico.

On March 21, the company indicated that it had done that the requested documents submittedClaims US $ 1.06 billion compensation. The memorial document outlines how Mexico has violated its obligations and the investments of Almaden without compensation illegally expropriated.

The most recent update of the procedure took place on May 23, when the company announced that it is one Main agreement for personnel conservation (KPA) with CFO Korm Trieu and Executive Vice President Douglas McDonald. The KPA is intended as a long -term program to retain employees for their knowledge of the procedure, and the employees will have to perform certain tasks with regard to the claims.

According to the conditions of the agreement, the most important staff will split 4 percent of the net yield, at a maximum of US $ 12 million, if the claim of Almaden is successful.

Almaden shares reached a year-to-high high of C $ 0.245 on 30 June.

3. Avino Silver and Gold (TSX: ASM)

Year-to-date profit: 296.85 percent
Market capitalization: C $ 710.8 million
Stock price: C $ 5.04

Avino Silver and Gold Mines is a miner with precious metals with two primary silver assets: the producing Avino Silver Mine and the adjacent La Preciosa project in Durango, Mexico.

The Avino Mine is able to process 2500 tons of ore per day, and according to its FY24 report released on January 21 The mine produced 1.1 million Ons Silver, 7,477 Ounces Gold and 6.2 million pounds copper last year. In general, the company saw broad production increasing with silver by 19 percent, gold rising 2 percent and copper rises by 17 percent year after year.

In addition to its Avino Mining Operation, Avino is working on promoting its LA Preciosa project to the production phase. The site covers 1,134 hectares, and according to one February 2023 Resource estimateHosts a measured and indicated source of 98.59 million our silver and 189.190 our gold.

In an update of January 15, Avino announced that it had received all the necessary permits for mining in La Preciosa and Started with underground development At La Preciosa. It is now developing a mine access of 350 meters and decrease. The company said that the first phase on the site is expected to cost less than C $ 5 million, which will be financed from cash reserves.

In Avino’s Q1 financial report Published on 13 May, the company noted that the work on the site progressed according to plan, with rays and construction of the decline of the decline. It added that a new exercise on the transport slope worked towards the Gloria and Abundancia.

On the production and financial side, the company reported a record quarterly income after taxes of US $ 5.6 million, 10 percent higher than the US $ 5.1 million during Q4 2024. Avino also reported an increase in silver production by 6 percent to 265,681 Ounces. The company attributed the profit to an increase in feeder quality.

Avino shares reached a year-to-high high of C $ 5.04 on July 7.

4. Excaron Resources (TSXV: EXN)

Year-to-date profit: 238.89 percent
Market capitalization: C $ 57.43 million
Stock price: C $ 0.305

Excellon Resources is an exploration and development company that improves his recently taken over Mallay Silver Mine in Peru in production.

Mijnbouw On the site, 6 million produced our silver, 45 million pounds of zinc and 35 million pound lead between 2012 and 2018 before the operation was placed on care and maintenance.

On June 24, Excells announced that it had done that completed The acquisition of Minera CRC, and its Mallay mine and Tres Cerros Gold-Silver project in Peru.

Excellon started the acquisition process guarded by the court in October 2024. On March 11, Excells announced that it had been a definitive agreement With Adar Mining and Prime Minister Silver, who saved any outstanding disputes between Adar, Premier and Minera and released the road to complete the transaction.

In the release of June, the company stated that it will immediately start the next phase of its strategy to restart the mine. Since Mallay is fully allowed with infrastructure, Excells strives for the production of Run-rate silver production in the first quarter of next year.

Moreover, the company announced on July 3 that it had appointed Mike Hoffman to his board of directors. Hoffman has been in the mining sector for more than 35 years and has experience in developing mines in Latin America.

Shares in Excells reached a year-to-high high from C $ 0.315 on July 4.

5. Andes Precious Metals (TSX: APM)

Year-to-date profit: 182.61 percent
Market capitalization: C $ 481.71 million
Stock price: C $ 3.25

Andes Precious Metals is a precious metal company with a few operational assets in America.

The primary silver-producing operation is the San Bartolomé facility in the Potosi Department of Bolivia. The on -site processing facility has an annual ore capacity of 1.8 million tonnes. The company has switched from conventional mining and processes feed from both the cheap fines of deposits and ERTS purchases from third parties.

The other producing asset is the Golden Queen -Mijn in Kern County, California, USA. It houses a 12,000 MT per day Cyanide Heap Leach and Merril-Crowe Processing Facility. A mineral reserve statement showed a measured and indicated silver source of 11.24 million ounces of 41.81 million MT with an average degree of 8.37 g/t silver. The company taken over Golden Queen from Auvergne -Paraplu in November 2023 for total consideration of US $ 15 million.

Andes released his Q1 on 6 May Operational and financial results. During the first quarter of the year, the 925,000 our silver produced our activities, an increase of 0.9 percent compared to Q1 2024. However, the company noted that its income on an annual basis rose by 43.9 percent, to 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 that it is an exclusive, long -term agreement With the Bolivian state-owned company Mining Company Corporacion Minera de Bolivia to acquire up to 7 million tonnes of oxide gries from mining concessions in Bolivia.

The ore is within a radius of 250 kilometers of the processing facility at the San Bartolomé operation, where it will process the ore. According to the conditions of the 10 -year agreement, Andes immediately receives an initial 250,000 tons of ore, with the remaining supply to be delivered in tranches of 50,000 MT.

Shares in Andes reached a year-to-high high of C $ 3.25 on July 7.