Morning Briefing: Silver47 and Summa Silver to Merge Companies
May 13, 2025
The silver exploration sector is buzzing with news of a merger between Silver 47 and Summa Silver. Recent drill results from G2 Goldfields, West Red Lake Gold, and Northern Superior Resources are also creating waves. Meanwhile, gold prices are declining, affecting mining stocks and ETFs. Learn about Vizsla Silver's significant drilling efforts in Mexico, aiming to become a leading silver producer with the world's largest undeveloped high-grade silver resource. Exciting developments highlight a dynamic market!
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insights INSIGHT
Gold and Miners Price Movement
Gold prices fell 3.5% rebounding to a support level near $3,212 an ounce, keeping overall upward trends intact.
Gold miners underperformed compared to gold itself, with increased losses around 7-8% reflecting market volatility.
insights INSIGHT
Silver 47 and Summa Silver Merge
Silver 47 and Summa Silver are merging in an at-market deal to form a premier high-grade silver exploration company.
Their combined resources total around 10 million ounces of silver equivalent indicating a strong portfolio in the U.S.
insights INSIGHT
Strong Drill Results from Gold Explorers
G2 Goldfields and Northern Superior Resources reported strong gold drill results supporting expanded mineralization.
They continue to develop projects in Guyana and Quebec, targeting high confidence gold resources.
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More M&A today, but this coming from the silver exploration space. New drill results from G2 Goldfields, West Red Lake Gold and Northern Superior Resources.
This episode of Mining Stock Daily is brought to you by...
Calibre Mining is a Canadian-listed, Americas focused, growing mid-tier gold producer with a strong pipeline of development and exploration opportunities across Newfoundland & Labrador in Canada, Nevada and Washington in the USA, and Nicaragua. With a strong balance sheet, a proven management team, strong operating cash flow, accretive development projects and district-scale exploration opportunities Calibre will unlock significant value.https://www.calibremining.com/
Integra is a growing precious metals producer in the Great Basin of the Western United States. Integra is focused on demonstrating profitability and operational excellence at its principal operating asset, the Florida Canyon Mine, located in Nevada. In addition, Integra is committed to advancing its flagship development-stage heap leach projects: the past producing DeLamar Project located in southwestern Idaho, and the Nevada North Project located in western Nevada. Learn more about the business and their high industry standards over at integraresources.com
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