Silver Crown Royalties to Acquire El Bagre Silver Royalty From Soma Gold for USD 10 Million

Bitget2026/11/02 08:00

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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.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Silver Crown Royalties Inc. published the original content used to generate this news brief via TheNewswire (Ref. ID: 202611020300TNWSWRCACNPR_____1AlpFlra2) on November 02, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Silver Crown Royalties to Acquire El Bagre Silver Royalty From Soma Gold for USD 10 Million

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