Cresud Down Over 8%, on Pace for Largest Percent Decrease Since January 2023Data Talk

ARGENTA WELCOMES ARGENTINE BUSINESSMAN EDUARDO ELSZTAIN AS STRATEGIC INVESTOR THROUGH CAD$5 MILLION PRIVATE PLACEMENT

Canada NewsWire

VANCOUVER, BC, March 13, 2025

TSXV — AGAG

VANCOUVER, BC, March 13, 2025 /CNW/ - Argenta Silver Corp. A ("Argenta" or the "Company") is pleased to announce a strategic investment in the Company by prominent Argentine businessman Eduardo Elsztain. Through IFIS, part of the Elsztain Group, he will acquire 25,000,000 shares of Argenta through a private placement of shares (the "Private Placement") at CAD$0.20 per share for a total investment of CAD$5,000,000, resulting in Mr. Elsztain becoming a significant shareholder, holding approximately 12.69% of the Company. In connection with this investment, Mr. Elsztain will be entitled to representation on the Company's Board of Directors (the "Board") through the appointment of a director to the Company's Board.

Mr. Elsztain is recognized as one of Argentina's most influential business leaders, having one of the largest real assets business conglomerate in Argentina spanning industries including real estate, agriculture, finance, and mining. Most notably, he serves as Chairman and CEO of IRSA , Argentina's largest real estate company and CRESUD , a major agribusiness firm operating across South America. He also chairs Banco Hipotecario (BASE:BHIP), one of Argentina's foremost mortgage banks, and has played a key role in numerous high-profile investment and development projects.

Beyond finance and real estate, Mr. Elsztain has been actively involved in mining ventures across Latin America, with investments in both gold and silver assets. His deep understanding of resource development and ability to identify undervalued opportunities positions him as a highly strategic addition to Argenta's shareholder base.

Joaquín Marias, Director and VP of Exploration and Development, commented, "It is an honour to welcome Eduardo Elsztain as a significant shareholder and strategic partner in Argenta. For decades, he has been a cornerstone of Argentina's business community, building a vast corporation from the ground up and demonstrating an extraordinary ability to recognize hidden value at early stages. Having both Eduardo Elsztain and Frank Giustra as major shareholders is a significant milestone for Argenta, underscoring the strength of our vision and the exceptional potential of El Quevar. Their involvement marks a major milestone for the Company, further positioning us for long-term success in the silver sector."

Eduardo Elsztain remarked, "I am excited to join Argenta as a shareholder. The Company's commitment to responsible mining and its strategic focus on high-potential silver assets align with our historical vision for development in the region. Silver is playing an increasingly vital role in the global economy, and I look forward to supporting both Argenta's growth with this exceptional project and the country's outstanding future."

Argenta owns 100% of the El Quevar Project, located in Salta, Argentina. The project hosts an Indicated Resource of 45.3 million ounces of silver at a grade of 482 g/t Ag and an Inferred Resource of 4.1 million ounces at 417 g/t Ag(1) , making it one of Argentina's top three undeveloped silver deposits. Extensively explored between 2008 and 2013 by its previous owner, the project saw limited exploration in recent years. Recognizing its immense potential, Argenta Silver acquired El Quevar in late 2024 and is now focused on unlocking its full value. Mr. Elsztain's investment underscores Argenta's commitment to advancing El Quevar responsibly and strategically, further strengthening its position in the silver exploration sector.

In connection with his appointment to the Board, in accordance with the terms of the Company's stock option plan and subject to the approval of the TSX Venture Exchange, IFIS will be granted 5,200,000 incentive stock options in the Company priced at $0.26 exercisable into common shares of the Company for a period of five (5) years from the date of grant. Finders' fees equal to 4% of the gross proceeds of the Private Placement will be paid in Shares of the Company to certain consultants. The Private Placement is subject to the receipt of customary regulatory approvals, including approval by the TSX Venture Exchange.

Additionally, further to the Feb 27, 2025 announcement of a Marketing Agreement with Gold Standard Media, LLC, the Company clarifies its previous disclosure on share ownership. To the best of its knowledge, certain affiliates and related parties of Gold Standard currently own 2,313,000 shares of the Company.

About Argenta Silver Corp.

Argenta Silver Corp. is a focused silver exploration company committed to advancing projects that support the global energy transition. Our mission is to create sustainable, long-term value for shareholders by acquiring and developing high-potential silver assets in mining-friendly jurisdictions across Latin America. Led by an experienced management team with deep expertise in exploration, finance, and project development, Argenta takes a disciplined, strategic approach to growth. With a strong emphasis on responsible mining practices, we are well-positioned to meet the rising demand for silver--a critical metal in renewable energy and emerging technologies--while building a lasting and successful company.

Andrew Hamilton, P.Geo., a "qualified person" as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects, has reviewed and approved the scientific and technical information contained in this news release.

(1) Refer to NI43-101 technical report with effective
date of September 30, 2024, titled "NI 43-101 Technical
Report on the Mineral Resource Estimate of the El
Quevar Project Salta Province, Argentina", posted
on www.SEDAR+.ca under Argenta Silver Corp.

On behalf of Argenta Silver Corp.

"Geir Liland"

Chief Executive Officer

Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward Looking Information

Certain statements and information herein contain forward-looking statements and forward-looking information within the meaning of applicable securities laws. Such forward-looking statements or information include but are not limited to statements or information with respect to: the El Quevar project. Although management of the Company believe that the assumptions made and the expectations represented by such statements or information are reasonable, there can be no assurance that forward-looking statements or information herein will prove to be accurate. Forward-looking statements and information by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. These risk factors include, but are not limited to: exploration and development of the El Quevar project may not result in any commercially successful outcome for the Company; risks associated with the business of the Company; business and economic conditions in the mining industry generally; changes in general economic conditions or conditions in the financial markets; changes in laws (including regulations respecting mining concessions); and other risk factors as detailed from time to time. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

SOURCE Argenta Silver Corp.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/March2025/13/c6171.html

/CONTACT:

For further information please contact: Tel: 604.609.6110, Email: info@argentasilver.com or visit the Company's website at https://www.argentasilver.com

Copyright CNW Group 2025

Cresud S.A.C.I.F. y A. announces its results for the second quarter of Fiscal Year 2025 ended December 31, 2024

PR Newswire

BUENOS AIRES, Argentina, Feb. 10, 2025

BUENOS AIRES, Argentina, Feb. 10, 2025 /PRNewswire/ — Cresud S.A.C.I.F. y A. (, BYMA: CRES), leading Argentine agricultural company, announces today its results for the second quarter of FY 2025 ended December 31, 2024.

HIGHLIGHTS

• The net result for the first half of fiscal year 2025 registered a loss of ARS 64,391 million. This result is mainly explained by the loss due to changes in the fair value of IRSA investment properties.
• The adjusted EBITDA for the period reached ARS 134,961 million, 15.3% lower than the same period in 2024. The agribusiness adjusted EBITDA was ARS 35,262 million and the Urban adjusted EBITDA (through IRSA), ARS 103,136 million.
• The 2025 campaign is developing with historically low commodity prices, although a slight recovery was observed in the last quarter, reduced input costs, and favorable weather conditions in the region. We planted 303,000 hectares in the region, 9% more than the previous season.
• In January 2025, the Argentine government announced a temporary reduction in crops tax exports until June 30, 2025, lowering soybean from 33% to 26% and wheat and corn from 12% to 9.5%. This had a positive impact on spot and future crop prices of approximately 5%.
• During the first half of fiscal year 2025, we sold a fraction of Los Pozos farm in Argentina for USD 2.2 million and our subsidiary BrasilAgro sold a fraction of its Alto Taquari farm for BRL 189.4 million.
• On November 2024, we distributed a cash dividend of ARS 45,000 million (dividend yield 7%). Financial Highlights (In millions of Argentine Pesos) 6M FY 2025 ended December 31, 2024 Income Statement 12/31/2024 12/31/2023 Agricultural Business Revenue 238,715 225,523 Agricultural Business Gross Profit 22,726 57,588 Urban Properties Revenues 170,141 183,583 Urban Properties Gross Profit 131,923 151,210 Consolidated Gross Profit 153,481 207,081 Consolidated results from Operations (135,606) 449,429

--------------------------------------  -----------  ----------- 
 Profit for the Period                     (64,391)      266,118 
--------------------------------------  -----------  ----------- 
 
 Attributable to: 
-------------------------------------- 
 Cresud's Shareholders                     (61,541)      106,267 
 Non-Controlling interest                   (2,850)      159,851 
 
 EPS (Basic)                               (103.27)       179.48 
 EPS (Diluted)                             (103.27)       181.95 
 
 Balance Sheet                           12/31/2024   06/30/2024 
 Current Assets                             860,003      855,684 
 Non-Current Assets                       3,095,323    3,351,393 
--------------------------------------  -----------  ----------- 
 Total Assets                             3,955,326    4,207,077 
--------------------------------------  -----------  ----------- 
 Current Liabilities                        818,215      796,577 
 Non-Current Liabilities                  1,477,235    1,516,093 
--------------------------------------  -----------  ----------- 
 Total Liabilities                        2,295,450    2,312,670 
--------------------------------------  -----------  ----------- 
 Non-Controlling Interest                   920,622    1,051,029 
 Shareholders' Equity                     1,659,876    1,894,407 
 

The Company's market capitalization as of December 31, 2024, was approximately USD 761.8 million. (60,314,043 ADS with a price per ADS of USD 12.63)

Cresud, leading Argentinean agricultural company with a growing presence in Latin American countries, cordially invites you to participate in its second quarter of the FY 2025 Results Conference Call on Tuesday, February 11, 2025, at 8:00 AM Eastern Time / 10:00 AM BA Time.

To access the Webinar:

https://zoom.us/webinar/register/WN_348neF8QTg2pCDSzie8_FA

Webinar ID: 951 4144 0099

Password: 620076

In addition, you can participate communicating to this numbers:

Argentina: +54 115 983 6950 or +54 341 512 2188 or +54 343 414 5986 or +54 112 040 0447

Israel: +972 3 978 6688 or +972 2 376 4509 or +972 2 376 4510

Brazil: +55 21 3958 7888 or +55 11 4632 2236 or +55 11 4632 2237 or +55 11 4680 6788 or +55 11 4700 9668

US: +1 719 359 4580 or +1 929 205 6099 or +1 253 205 0468 or +1 253 215 8782 or +1 301 715 8592

Chile: +56 41 256 0288 or +56 22 573 9304 or +56 22 573 9305 or +56 23 210 9066 or +56 232 938 848

UK: +44 330 088 5830 or +44 131 460 1196 or +44 203 481 5237 or +44 203 481 5240 or +44 208 080 6591

Investor Relations Department.

https://www.cresud.com.ar/home-inversores.php?lng=en

Cresud S.A.C.I.F. y A.

+5411 4323-7449

ir@cresud.com.ar

Follow us on X: @cresudir

View original content:https://www.prnewswire.com/news-releases/cresud-sacif-y-a-announces-its-results-for-the-second-quarter-of-fiscal-year-2025-ended-december-31-2024-302372898.html

SOURCE Cresud S.A.C.I.F. y A.

Cresud SACIF just reported results for the third quarter of 2024.

• Cresud SACIF reported earnings per share of 20 cents.
• The company reported revenue of $241.99 million.

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CRESUD S.A.C.I.F. y A. announces its results for the third quarter of Fiscal Year 2024 ended March 31, 2024

PR Newswire

BUENOS AIRES, Argentina, May 10, 2024

BUENOS AIRES, Argentina, May 10, 2024 /PRNewswire/ — CRESUD S.A.C.I.F. y A. (, BYMA: CRES), leading Latin American agricultural company, announces today its results for the third quarter of FY 2024 ended March 31, 2024.

HIGHLIGHTS

• The net result for the nine-month period of fiscal year 2024 recorded a loss of ARS 25,646 million compared to a profit of ARS 140,918 million in the same period of 2023 due to the impact of exposure to inflation on the fair value of investment properties of IRSA. The result attributable to the controlling shareholder was a profit of ARS 22,340 million.
• The adjusted EBITDA for the period reached ARS 164,332 million, 61.4% higher than the same period in 2023. Agribusiness adjusted EBITDA reached ARS 45,504 million because of better productive results and farmland sales in Argentina.
• The 2024 regional campaign is being developed with a slightly lower planted area than the last campaign, mixed climatic conditions, lower international commodity prices and expected production levels in line, with better prospects in Argentina than in the rest of the region.
• During the third quarter, Brasilagro sold a fraction of 12,335 hectares (8,796 productive) of its Chaparral establishment for the sum of BRL 365.4 million. The gain will be recognized in the financial statements of the fourth quarter of FY 2024.
• In May 2024, we approved a new cash dividend for ARS 30,000 million (ARS/share 50.5482 and ARS/GDS 505.4820), which will be distributed since May 14th.

Financial Highlights

(In millions of Argentine Pesos)

9M FY 2024 ended March 31, 2024

  Income Statement                        03/31/2024   03/31/2023  Agricultural Business Revenue              238,561      221,656  Agricultural Business Gross Profit          62,481       33,985  Urban Properties Revenues                  177,236      168,834  Urban Properties Gross Profit              145,998      138,557  Consolidated Gross Profit                  206,006      169,854  Consolidated results from Operations     (233,224)     (70,125) --------------------------------------  -----------  -----------  Profit for the Period                     (25,646)      140,918 --------------------------------------  -----------  -----------   Attributable to: --------------------------------------  Cresud's Shareholders                       22,340       79,463  Non-Controlling interest                  (47,986)       61,455   EPS (Basic)                                  37.73       135.07  EPS (Diluted)                                31.91       114.16   Balance Sheet                           03/31/2024   06/30/2023  Current Assets                             681,286      673,512  Non-Current Assets                       2,304,638    2,677,323 --------------------------------------  -----------  -----------  Total Assets                             2,985,924    3,350,835 --------------------------------------  -----------  -----------  Current Liabilities                        629,442      625,042  Non-Current Liabilities                  1,021,999    1,221,296 --------------------------------------  -----------  -----------  Total Liabilities                        1,651,441    1,846,338 --------------------------------------  -----------  -----------  Non-Controlling Interest                   754,213      852,640  Shareholders' Equity                     1,334,483    1,504,497  

The Company's market capitalization as of March 31, 2024, was approximately USD 530.7 million. (59,430,440 ADS with a price per ADS of USD 8.93)

Cresud, leading Argentinean agricultural company with a growing presence in Latin American countries, cordially invites you to participate in its third quarter of the FY 2024 Results Conference Call on Monday, May 13, 2024, at 2:00 PM Eastern Time / 3:00 PM BA Time.

To access the Webinar:

https://zoom.us/webinar/register/WN_lzE9fnStSnGQ4A6zwe9uyg

Webinar ID: 925 0329 2206

Password: 263201

In addition, you can participate communicating to this numbers:

Argentina: +54 115 983 6950 or +54 341 512 2188 or +54 343 414 5986 or +54 112 040 0447

Israel: +972 3 978 6688 or +972 2 376 4509 or +972 2 376 4510

Brazil: +55 21 3958 7888 or +55 11 4632 2236 or +55 11 4632 2237 or +55 11 4680 6788 or +55 11 4700 9668

US: +1 719 359 4580 or +1 929 205 6099 or +1 253 205 0468 or +1 253 215 8782 or +1 301 715 8592

Chile: +56 41 256 0288 or +56 22 573 9304 or +56 22 573 9305 or +56 23 210 9066 or +56 232 938 848

UK: +44 330 088 5830 or +44 131 460 1196 or +44 203 481 5237 or +44 203 481 5240 or +44 208 080 6591

Investor Relations Department.

https://www.cresud.com.ar/home-inversores.php?lng=en

Cresud S.A.C.I.F. y A.

+5411 4323-7449

ir@cresud.com.ar

Follow us on Twitter: @cresudir

View original content:https://www.prnewswire.com/news-releases/cresud-sacif-y-a-announces-its-results-for-the-third-quarter-of-fiscal-year-2024-ended-march-31-2024-302142331.html

SOURCE Cresud S.A.C.I.F. y A.

Cresud SA Sponsored ADR (CRESY) is currently at $10.25, up $0.48 or 4.91%

• Would be highest close since April 1, 2019, when it closed at $10.41
• On pace for largest percent increase since March 6, 2024, when it rose 4.92%
• Currently up seven of the past eight days
• Currently up three consecutive days; up 8.35% over this period
• Best three day stretch since the three days ending April 22, 2024, when it rose 10.08%
• Up 8.12% year-to-date
• Down 47.18% from its all-time closing high of $19.40 on Nov. 6, 2007
• Up 88.61% from 52 weeks ago (May 8, 2023), when it closed at $5.43
• Would be a new 52-week closing high
• Up 93.12% from its 52-week closing low of $5.31 on May 11, 2023
• Traded as high as $10.75; highest intraday level since March 26, 2019, when it hit $10.84
• Up 10.03% at today's intraday high; largest intraday percent increase since Nov. 20, 2023, when it rose as much as 26.48%

All data as of 11:41:32 AM ET

Source: Dow Jones Market Data, FactSet