Silver Bullet Mines Corp Acquires King Tut Gold Mine

Silver Bullet Mines Corp., a Canadian company specializing in exploration and mining services, has recently made a significant acquisition by purchasing the King Tut gold mine in Arizona. This strategic move was announced on July 23, 2025, and has been covered by multiple financial news sources.

The acquisition was completed on very favorable terms for Silver Bullet Mines Corp. The company acquired the King Tut Mine for a low cash amount, with no shares issued to the vendor and no royalties granted. Additionally, no finder’s fees were paid, highlighting the advantageous nature of the deal.

A key factor in Silver Bullet Mines Corp.’s successful acquisition was its direct access to on-the-ground knowledge and experience at the King Tut Mine. Ron Murphy, the company’s VP of Mining, and his brother Dan Murphy, who serves as the mill manager at Silver Bullet’s mill in Globe, Arizona, previously mined the King Tut Mine during the 1980s. This insider knowledge provided Silver Bullet Mines Corp. with a distinct advantage over other potential purchasers.

The King Tut Mine, a past-producing high-grade gold mine, is now under the ownership of Silver Bullet Mines Corp., which operates on the TSX Venture Exchange. The company’s market capitalization stands at 25,990,000 CAD, with a close price of 0.2 CAD as of July 21, 2025. Despite a negative price-to-earnings ratio of -3.32, the acquisition of the King Tut Mine is expected to bolster the company’s portfolio of silver, gold, and copper projects.

This acquisition marks a significant development for Silver Bullet Mines Corp. as it continues to expand its operations and explore new opportunities in the global mining sector.