DealsMay 26, 2026, 06:41 AM
Americas Gold & Silver Settles Gold Delivery Obligation with Royal Gold
AI Summary
Americas Gold and Silver Corp. announced an agreement with International Royalty Corporation (an affiliate of Royal Gold) to settle its remaining obligation to deliver 8,861 ounces of gold. The settlement involves an immediate delivery of 5,000 ounces of gold and the issuance of 2,652,532 common shares at US$5.86 per share. This transaction, along with a previous silver delivery agreement termination, eliminates over US$85 million in variable future debt obligations, strengthening the company's balance sheet and increasing silver price leverage.
Key Highlights
- Settled obligation to deliver 8,861 ounces of gold to International Royalty Corporation.
- Agreement includes immediate delivery of 5,000 ounces of gold.
- Issued 2,652,532 common shares at a deemed price of US$5.86 per share.
- Funding for 5,000 oz gold from unwinding price protection instruments (approx. US$7M) and cash.
- Removes over $40 million in variable future gold-linked debt obligations.
- Combined with prior silver deal, eliminates over US$85 million in variable future debt.
- Expected to significantly increase silver price leverage for shareholders.
Price Impact
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