“We welcome 2025 as important year with a focus on two key project advancements: 1) the establishment and ongoing expansion of a resource estimate; 2) the setup and processing of a proof-of-concept test mine.” commented, CEO Brodie Sutherland.
“Parral’s SART Zinc circuit, which was completed in 2024, has exceeded expectations on both base metal production and has increased the leachability of gold and silver in the heap as well, which is driving the 36% increase in production which we saw this quarter. We expect the benefits of this optimization to continue through 2025.”
Endeavour Silver said the Terronera project faced delays in structural steel deliveries, slowing lower-platform and filter area work and pushing wet commissioning to early Q2 2025. The company temporarily reduced its workforce over the holidays to cut costs. Critical steel deliveries have resumed, dry commissioning continues, ore stockpiles are nearly full, and grinding-mill tests are underway.
Southern Silver Exploration Corp. reports that the Company has received approval from the TSX.Venture Exchange for a 30-day extension to close the previously announced non-brokered private placement, consisting of up to 10,000,000 units at a price of $0.22 per Unit for gross proceeds of $2,200,000.
Aztec Minerals Corp. issued a shareholder update on January 7, 2025, reviewing 2024: raised C$3.68M, increased Tombstone JV stake to 77.7%, advanced modeling/sampling/drilling at Tombstone and Cervantes (e.g., 137m @ 1.49 gpt Au). 2025 outlook: Q1 Tombstone assays, Cervantes exploration, potential further drilling, seek new Americas projects.
Luca Mining Corp. is pleased to announce that it, along with an arm’s-length third-party corporation, Jaluca Limited have reached an agreement with Urion Holdings (Malta) Limited (“Urion”, a wholly owned subsidiary of Trafigura Mexico S.A. de C.V.) to repurchase 100% of Luca’s US$5.8 million convertible debenture held by Urion.
A month after a federal court declared the Mexican steelmakeer Altos Hornos de Mexico (AHMSA) bankrupt due to insolvency the trustee has begun the valuation of the steelmaker’s assets for sale at public auction, the company reported.
Gold Resource Corporation today announces that it is pursuing a registered direct offering with certain investors for the purchase and sale of up to 15,625,000 shares of the Company’s common stock at a price of $0.16 per share resulting in estimated total gross proceeds of approximately $2.5 million.
The Gavilanes Project, located in Durango, Mexico, within the prolific Sierra Madre Occidental District, is an early-stage high grade silver-gold vein system with significant exploration potential.
Greg McKenzie, President and CEO, commented: “We are very pleased with the results from San Nicolas and C550. At San Nicolas, through holes Q-24-054 and 056, we have extended high-grade mineralization up to 70 m above the last mined stope in the area, and this mineralization is open to the southeast.”
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