trending Market Intelligence /marketintelligence/en/news-insights/trending/jZq4UpPe7hN8PUSwwT3SYg2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Goldplay to acquire Plomosas silver project in Mexico from First Majestic

Mining Exploration Insights December

Mining Exploration Insights: Dip in gold drilling weighs on results

Mining Exploration Insights: Is the exploration sector back on recovery?

State of the Market: Mining Q2-2019

Goldplay to acquire Plomosas silver project in Mexico from First Majestic

Goldplay Exploration Ltd. entered into a nonbinding letter of intent to acquire the Plomosas silver project from First Majestic Silver Corp. near Goldplay's San Marcial silver-gold project in Mexico.

Goldplay agreed to acquire First Majestic unit and project owner Minera La Rastra SA de CV by paying C$100,000, issuing shares equal to 19.9% of Goldplay, and granting a 2% net smelter royalty that can be halved for US$1 million.

The deal is subject to the signing of a definitive agreement. Both companies are moving forward with their respective due diligence reviews during a 60-day exclusivity period, according to a Jan. 7 news release.

The 8,514-hectare Plomosas property includes the past-producing Plomosas-La Cruz mine, San Juan mine, La Colorada mine, El Huarache mine and El Saltito mine as well as 11 exploration targets.