Americas Gold and Silver Closes Previously Announced Agreements to Settle Silver and Gold Delivery Obligations
Americas Gold and Silver closed two previously announced agreements to settle physical metal delivery obligations. The company terminated its silver delivery agreement with Sprott Mining by issuing 7.96 million shares at a deemed price of $5.57, settling 592,000 ounces of silver. Simultaneously, the company settled its gold delivery obligation to International Royalty Corporation (IRC) by delivering 5,000 ounces of gold and issuing 2.65 million shares at a deemed price of $5.86, covering the remaining 8,861 ounces due through 2027. These transactions convert physical delivery liabilities into equity issuances, resulting in approximately 10.6 million new shares outstanding.
Key figures
- Gold oz settled
- 8861
- Deemed price irc
- 5.86
- Gold oz delivered
- 5000
- Shares issued irc
- 2652532
- Silver oz settled
- 592000
- Deemed price sprott
- 5.57
- Shares issued sprott
- 7956696
AI analysis
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