Safi Silver Receives $3M Payment from Horizon for Kombat Mine Deal

Safi Silver Corp. has received the second scheduled quarterly payment of US$3 million from Horizon Corporation Limited under the Kombat Mine transaction.

The payment, announced on July 6, 2026, was received on schedule and in accordance with the terms of the transaction. This represents the second of eight quarterly payments to be made by Horizon to Safi Silver for the sale of the company's interest in the Kombat Mine in Namibia. The deal was originally announced in December 2025.

For precious metals traders, this transaction highlights ongoing activity in the silver mining sector. While this specific payment does not directly impact spot silver prices, it reflects the financial health of junior miners and the viability of asset sales in the current market. Investors tracking silver supply dynamics may view such deals as a positive signal for the sector's consolidation and capital flow. Traders can monitor real-time silver price movements on NowPrice's live dashboard to gauge market reaction to broader mining news.

Looking ahead, the remaining six quarterly payments from Horizon will be closely watched by investors. Any delays or defaults could affect Safi Silver's cash flow and, by extension, its ability to fund exploration or development. The broader silver market will also focus on upcoming economic data and central bank policy decisions that influence precious metals demand.