Apollo Silver to acquire Cinco de Mayo Project from MAG Silver.

Apollo Silver, a silver producer and silver-focused mining projects developer, offered to acquire Cinco de Mayo Project, a mineral exploration project located in Mexico, from MAG Silver, Canadian precious metal properties explorer and developer. Financial terms were not disclosed. “This is an exciting time for Apollo Silver as the addition of Cinco de Mayo marks the beginning of our transformation as a Company. We have successfully mitigated single asset risk by now boasting a portfolio of two exciting projects in two pro-mining jurisdictions. Much of our group has considerable experience in Mexico and we are excited to begin the work to unlock value at Cinco de Mayo for all our stakeholders,” Andrew Bowering, Apollo Silver Chairman and Interim CEO.