Brief: First Majestic Acquires Silver Stream On First Mining's Springpole Project

First Mining Gold

11/06/2020 12:52

June 11 (Reuters) - First Majestic Silver Corp  FR.TO :
    * FIRST MAJESTIC ACQUIRES SILVER STREAM ON FIRST MINING’S
SPRINGPOLE PROJECT
    * FIRST MAJESTIC SILVER CORP - WILL PAY FIRST MINING TOTAL
CONSIDERATION OF $22.5 MILLION IN CASH AND SHARES, OVER THREE
PAYMENTS
    * FIRST MAJESTIC SILVER CORP - WILL MAKE ONGOING CASH
PAYMENTS OF
33% OF SILVER SPOT PRICE PER OUNCE FOR ALL PAYABLE SILVER
DELIVERED BY SPRINGPOLE
    * FIRST MAJESTIC SILVER - TO ACQUIRE FROM GOLD CANYON
RESOURCES
INC, UNIT OF FIRST MINING GOLD CORP

Source text for Eikon:  ID:nGNX3rjmh1 
Further company coverage:  FR.TO 

 (Reuters.Briefs@thomsonreuters.com)