{"id":1931,"date":"2025-12-18T21:01:14","date_gmt":"2025-12-18T21:01:14","guid":{"rendered":"https:\/\/bravemoneyminds.com\/index.php\/2025\/12\/18\/first-majestic-to-sell-del-toro-silver-mine-to-sierra-madre-in-us60-million-deal\/"},"modified":"2025-12-18T21:01:14","modified_gmt":"2025-12-18T21:01:14","slug":"first-majestic-to-sell-del-toro-silver-mine-to-sierra-madre-in-us60-million-deal","status":"publish","type":"post","link":"https:\/\/bravemoneyminds.com\/index.php\/2025\/12\/18\/first-majestic-to-sell-del-toro-silver-mine-to-sierra-madre-in-us60-million-deal\/","title":{"rendered":"First Majestic to Sell Del Toro Silver Mine to Sierra Madre in US$60 Million Deal"},"content":{"rendered":"<\/p>\n

First Majestic Silver (TSX:AG,NYSE:AG)<\/a> has agreed to sell its Del Toro Silver Mine in Mexico to Sierra Madre Gold and Silver (TSXV:SM,OTC:SMDRF)<\/a> in a transaction valued at up to US$60 million.<\/strong><\/p>\n

The Vancouver-based miner said it entered into a definitive agreement on December 17 to divest the 100 percent-owned, past-producing Del Toro mine, located in the halchihuites, Zacatecas region of Mexico. <\/p>\n

Under the terms of the agreement, First Majestic will receive US$30 million at closing, consisting of US$20 million in cash and US$10 million in Sierra Madre common shares. <\/p>\n

The shares will be issued at a price of C$1.30 each, matching the price of Sierra Madre\u2019s concurrent subscription receipt financing tied to the transaction.<\/p>\n<\/p>\n

An additional US$30 million may be paid over time if certain development and production benchmarks are met. Within 18 months of closing, Sierra Madre is required to pay US$10 million in either cash or shares, at its election, based on the prevailing market price at the time of issuance and subject to a cap on the number of shares issued. <\/p>\n

Further payments of US$10 million each are tied to the delineation of at least 100 million silver-equivalent ounces in mineral resources within 48 months, including the achievement of sustained commercial production of at least 4,000 tonnes per day within 60 months of closing.<\/p>\n

All shares issued to First Majestic will be subject to statutory hold periods and additional resale restrictions under the agreement.<\/p>\n

The transaction is conditional on Sierra Madre completing a concurrent private placement financing of at least USD$29 million in gross proceeds. <\/p>\n

The company has announced plans to raise up to C$50 million through the issuance of subscription receipts, with the financing expected to close in January 2026. <\/p>\n

Completion of the sale is also subject to customary regulatory and shareholder approvals. Sierra Madre expects to seek shareholder approval for the acquisition by the end of April 2026. <\/p>\n

Del Toro is a former silver, gold, and lead producer that was placed on care and maintenance by First Majestic in January 2020. <\/p>\n

The sale follows a prior transaction between the two companies, after Sierra Madre acquired the La Guitarra Silver Mine from First Majestic in 2022 and brought it back into commercial production in January 2025.<\/p>\n<\/p>\n

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.<\/strong><\/p>\n<\/p>\n

This post appeared first on investingnews.com<\/div>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

First Majestic Silver (TSX:AG,NYSE:AG) has agreed to sell its Del Toro Silver Mine in Mexico to Sierra Madre Gold and Silver (TSXV:SM,OTC:SMDRF) in a transaction valued at up to US$60 million. The Vancouver-based miner said it entered into a definitive agreement on December 17 to divest the 100 percent-owned, past-producing Del Toro mine, located in […]<\/p>\n","protected":false},"author":1,"featured_media":1932,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-1931","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investing"],"_links":{"self":[{"href":"https:\/\/bravemoneyminds.com\/index.php\/wp-json\/wp\/v2\/posts\/1931","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bravemoneyminds.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bravemoneyminds.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bravemoneyminds.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bravemoneyminds.com\/index.php\/wp-json\/wp\/v2\/comments?post=1931"}],"version-history":[{"count":0,"href":"https:\/\/bravemoneyminds.com\/index.php\/wp-json\/wp\/v2\/posts\/1931\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bravemoneyminds.com\/index.php\/wp-json\/wp\/v2\/media\/1932"}],"wp:attachment":[{"href":"https:\/\/bravemoneyminds.com\/index.php\/wp-json\/wp\/v2\/media?parent=1931"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bravemoneyminds.com\/index.php\/wp-json\/wp\/v2\/categories?post=1931"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bravemoneyminds.com\/index.php\/wp-json\/wp\/v2\/tags?post=1931"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}