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Samsung finances restart of Mexican silver mine in exchange for all its production for 2 years
Silver Storm secures $7 Million financing from Samsung to restart Mexican silver ine
By Giann Liguid
Investing News Network
via Nasdaq.com, New York
Friday, October 10, 2025
Canadian miner Silver Storm Mining has signed a $7 million offtake prepayment deal with Samsung Construction and Trading and two of its subsidiaries to help restart production at its La Parrilla silver mine complex in Durango, Mexico.
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Under the agreement, Samsung and subsidiaries will provide the financing through a secured prepaid facility over 18 months.
Samsung will receive 100% of the lead-silver and zinc concentrates produced at La Parrilla over a two-year period. The financing is secured through a corporate guarantee, a share pledge, and first-ranking security on La Parrilla's assets. ...
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