Silver Crown Royalties to Acquire El Bagre Silver Royalty From Soma Gold for USD 10 Million
Bitget2026/11/02 08:00- Silver Crown Royalties agreed to acquire a silver royalty on Soma Gold's El Bagre complex in Colombia for USD 10 million.
- The royalty provides the greater of 90% of payable silver production or minimum deliveries totaling 305,500 ounces over approximately five-and-a-half years.
- Quarterly cash payments use the LBMA silver price less 3%; a 7.5% net smelter return royalty on silver follows for the operation's life.
- The initial USD 3 million tranche, less a USD 75,000 prepaid fee, is due at closing, expected by November 30, 2026.
- The remaining USD 7 million requires existing security discharge, targeted by December 31, 2026, and registration of first-ranking security for the buyer.
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