ExGen Resources Acquires Second Silver Stream for $500,000 in South America
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
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Source: Globenewswire
- Acquisition of Silver Stream: ExGen Resources has signed a letter of intent to acquire a second silver stream for $500,000 from a private company on a South American gold mine, which strategically enhances its total silver stream and positions the company to capitalize on rising silver prices.
- Cash Flow Potential: This transaction will double ExGen's aggregate silver stream on the property, establishing a formidable foundation for potential future cash flow and enhancing the company's competitiveness in the silver market.
- Delivery Assurance: Under the terms of the LOI, PrivateCo is required to deliver a minimum of 4,200 ounces of silver to ExGen each quarter, ensuring a stable supply and mitigating market volatility risks.
- Strategic Advantage: ExGen also secured preferential rights to participate in any future streaming or royalty transactions, further solidifying its position in the South American market and indicating potential growth opportunities ahead.
EXG
$9.42+Infinity%1D
Analyst Views on EXG
Wall Street analysts forecast EXG stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for EXG is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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About EXG
Eaton Vance Tax-Managed Global Diversified Equity Income Fund (the Fund) is a diversified, closed-end management investment company. The Fund's primary investment objective is to provide current income and gains, with a secondary objective of capital appreciation. Its portfolio of investments includes aerospace and defense, air freight and logistics, automobiles, banks, beverages, building products, biotechnology, construction materials, diversified financial services, electric utilities, electrical equipment, electronic equipment, instruments and components, entertainment, equity real estate investment trusts, food products, healthcare equipment and supplies, healthcare providers and services, hotels, restaurants and leisure, industrial conglomerates, insurance, interactive media and services, Internet and direct marketing retail, information technology services, leisure products, machinery, personal products, and others. Investment adviser of the Fund is Eaton Vance Management.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
