Kingsmen commenced its 2025 exploration program at the 100 %-owned Las Coloradas silver project in the Parral district, Chihuahua, Mexico. Activities include mapping, sampling, geological modeling, and permitting ahead of a planned diamond drilling campaign, aiming to expand and define targets across key vein systems.
First Majestic Silver produced 5.7 million silver-equivalent (AgEq) ounces in Q4 2024—including 2.4 million silver and ~39,500 gold ounces—a 4 % quarterly increase, driven by higher silver output. Full-year 2024 production was 21.7 million AgEq ounces, in line with guidance, with improvements across its Mexican mines.
“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.
GoGold Resources Inc. reported Q4 2024 production (quarter ending Dec 31, 2024) at Parral of 551,337 silver equivalent ounces, up 36% from Q3 2024, including 226,343 silver oz, 3,213 gold oz, 121 tonnes copper, and 161 tonnes zinc. Cash rose to $76M. 2025 outlook: Parral to fund Los Ricos South construction; DFS imminent; permit expected by March.
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.
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