12:17 PM EDT, 06/24/2024 (MT Newswires) -- GR Silver Mining ( GRSLF ) on Monday said it terminated a deal to sell its Marlin Gold Mining unit to WP Servicios Industriales, a private Mexican company.

The company said it ended the April 29 agreement because it did not meet the closing deadline.

The company said it is moving forward with plans to focus on resource growth and the potential development of the its core Plomosas Project, including the San Marcial, Plomosas Mine, and San Juan Areas.

The company retains Marlin's interest in a total of 734 square kilometers of concessions in the prolific Rosario District in Sinaloa, Mexico, including the former La Trinidad oxide gold mine.

The company's shares were last seen down $0.01 to $0.16 on the TSX Venture Exchange.

Price: 0.16, Change: -0.01, Percent Change: -5.88