A-Mark Precious Metals, Inc. acquired additional 8% stake in Silver Gold Bull Inc for $9.6 million.
June 23, 2024
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A-Mark Precious Metals, Inc. (NasdaqGS:AMRK) acquired additional 8% stake in Silver Gold Bull Inc for $9.6 million on June 24, 2024. A-Mark paid $9.6 million for an additional 8% of the outstanding equity interest in SGB. For the fiscal year ended April 30, 2024, Silver Gold Bull Inc reported net sales of $467.9 million. Frye & Hsieh LLP and Fasken Martineau DuMoulin LLP acted as legal advisors to A-Mark. MLT Aikins LLP acted as legal advisor to SGB.
A-Mark Precious Metals, Inc. (NasdaqGS:AMRK) completed the acquisition of additional 8% stake in Silver Gold Bull Inc on June 24, 2024.
A-Mark Precious Metals, Inc. is a fully integrated precious metals platform. The Company offers an array of gold, silver, platinum, palladium, and copper bullion, numismatic coins, and related products to wholesale and retail customers. The company conducts its operations through three segments: Wholesale Sales & Ancillary Services, Direct-to-Consumer, and Secured Lending. The Wholesale Sales & Ancillary Services segment operates as a full-service precious metals company. The Company operates its Direct-to-Consumer segment through its wholly owned subsidiaries JM Bullion, Inc. (JMB) and Goldline, Inc. The Company operates its Secured Lending segment through its wholly owned subsidiary Collateral Finance Corporation, LLC (CFC). JM Bullion is an e-commerce retailer of precious metals and operates seven separately branded, Company-owned websites such as JMBullion.com, ProvidentMetals.com, Silver.com, GoldPrice.org, SilverPrice.org, BGASC.com, CyberMetals.com, and BullionMax.com.
A-MARK PRECIOUS METALS, INC. 
