SYDNEY: Advance Metals Limited (AVM) has entered into a binding sale agreement with Golden Minerals Company (NYSE: AUMN) to acquire a 100% interest in the Yoquivo Silver Project in northwest Chihuahua State, Mexico.
This follows AVM’s previous announcement on October 25, 2024, titled “Acquisition of High-Grade Silver and Gold Project in Mexico.”
The acquisition of the Yoquivo Project offers Advance Metals a low-cost entry into the silver sector. The project, which has an existing Foreign Estimate of silver and gold, has seen substantial exploration and drilling over recent years amid record high silver prices.
This strategic move marks a significant milestone for AVM as it seeks to strengthen its position in the high-grade silver market.