DealsApr 13, 2026, 04:22 PM
Golkor secures 2.5M oz silver offtake, $20M prepayment option
AI Summary
Golkor Inc. entered into a prepay offtake agreement with Afrikor Metal Industries (AMI) to purchase a minimum of 2.5 million ounces of silver bullion over three years from the EBM Facility. This agreement replaces a prior joint venture due to AMI's incomplete payment for the facility, and AMI can request up to $20 million in prepayments. Concurrently, Golkor signed a purchase contract with Trafigura Pte Ltd. to sell at least 2.5 million ounces of refined silver from the same facility, contingent on AMI's acquisition and production.
Key Highlights
- Golkor secured prepay offtake for min 2.5M oz silver over 3 years.
- AMI can request up to $20M in prepayments from Golkor.
- EBM Facility holds 8M+ oz silver, 170K tons zinc, 50K tons lead.
- Golkor to sell min 2.5M oz refined silver to Trafigura.
- Previous 51% joint venture with AMI was terminated.