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GLDN 0.055 +0.0% BRON 0.040 +0.0% BTO 5.43 −0.7% ESK 0.365 −2.7% AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0% GLDN 0.055 +0.0% BRON 0.040 +0.0% BTO 5.43 −0.7% ESK 0.365 −2.7% AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0%
M&A / Property Routine +

SILVER VIPER MINERALS COMPLETES ACQUISITION OF THE CONETO SILVER-GOLD PROJECT

Silver Viper Closes Coneto Deal Amidst Share Dilution Concerns; Fresnillo Stake Validates Asset Quality

By The Northwire Desk — AI Analysis May 04, 2026 · 18:58 VIPR · 0.81 Silver Viper Minerals Corp.
Executive Summary
  • Silver Viper Minerals Corp. has successfully closed its acquisition of the Coneto Silver-Gold Project in Durango, Mexico from Fresnillo plc and Orex Minerals Inc.
  • The transaction was funded entirely via equity issuance: 25,531,875 common shares at a deemed price of C$0.80 per share, totaling US$15 million (C$20.4 million).
  • Fresnillo plc has become a significant shareholder holding approximately 13.19% of the Company's outstanding shares following the closing.
  • The Coneto Project consists of 4,995 hectares with over 40 known epithermal quartz veins; a NI 43-101 compliant technical report is available (dated March 31, 2026).
  • Ruben Alvidrez has been appointed to the Board of Directors.
  • The deal was previously announced in October 2025 (term sheet) and March 2026 (definitive agreement), with closing expected by early 2026; this release confirms completion.
Material Impact
  • Asset Addition: The acquisition adds a significant exploration asset to the portfolio, moving from a JV structure to 100% ownership of Coneto. This is fundamentally positive for long-term value creation.
  • Strategic Validation: Fresnillo plc (a major global miner) retaining a ~13% stake provides strong third-party validation of the project's quality and aligns interests between Silver Viper and an industry leader.
  • Dilution Impact: The issuance of 25.5 million shares represents significant dilution relative to the pre-acquisition share count (~92M), increasing fully diluted shares to approximately 139M+. This was priced in months ago but remains a negative factor for existing shareholders regarding ownership percentage.
  • Market Reaction: Despite the positive news, the stock price declined from $0.86 (May 1) to $0.81 (May 4). This indicates the market views the closing as expected and potentially dilutive rather than accretive in the short term.
  • Rating Justification: Classified as Routine - Positive because the deal terms, valuation ($15M), and shareholder structure were disclosed months prior (Oct 2025/ March 2026). The market had time to price in the dilution and asset addition; the closing removes execution risk but offers no new surprise upside.
VIPR · Price
Company Overview
  • Company: Silver Viper Minerals Corp. (TSX-V: VIPR; OTCQX: VIPRF).
  • Flagship Project: La Virginia Gold-Silver Project in Sonora, Mexico.
    • Status: Exploration/Development.
    • Resources: Indicated 154k oz Au @ 0.78 g/t; 6.92M oz Ag @ 35 g/t (Inferred resources higher).
    • Recent Activity: High-grade drill results reported in March 2026 (e.g., 11.70m @ 9.18 g/t Au, 352 g/t Ag).
  • Secondary Projects:
    • Coneto Silver-Gold Project (Durango): Newly acquired, 4,995 hectares, epithermal veins.
    • Cimarron Gold-Copper Project (Sinaloa): Porphyry system, acquired June 2025.
  • Strategy: Expand high-grade silver-gold discoveries and advance assets toward production in Mexico's prolific belts.
Read the original news release →

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