Pinnacle Silver and Gold Corp. updated on January 29, 2025, its proposed acquisition of up to 100% El Potrero gold-silver project (Mexico), with 2% NSR. Definitive agreement deadline extended to February 21, 2025. Due diligence complete, NI 43-101 report suitable, title opinion revised. Closing expected mid-February pending TSXV approval.
Alamos Gold received SEMARNAT approval for an environmental permit amendment on Jan 29, 2025, allowing construction start on the Puerto Del Aire underground project in Mexico’s Mulatos District. Ramp-up mid-2025; first production mid-2027. Initial capex $165M; avg 127koz Au/year first 4 years at $1,003/oz AISC.
“Delivering silver production of nearly 19 million ounces in 2024 is a testament to the quality and resilience of the Juanicipio project and the quality of the team’s execution,” said George Paspalas, MAG Silver’s President and CEO.
McEwen Mining reported 2024 production within guidance and stable all-in sustaining costs per ounce. Gold and silver output met targets, while copper was slightly lower. For 2025, the company reiterated stable production and cost guidance, focusing on improved performance at the Fox Complex and efficient operations across assets to support consolidated growth.
Silver Viper Minerals Corp. is pleased to announce that Mr. Toby Pierce has been appointed to the Company’s board of directors effective immediately.
Ian McGavney, President & CEO of Colibri states, “The Company is excited to move forward with its partner Tocvan Ventures to unlock Pilar’s significant potential. The new data derived from this diamond core drilling program will be added to the project’s geological model as well as to an upcoming Maiden Resource Estimate.”
Vizsla Silver Corp. summarized 2024 achievements: July PEA showing 15.2 Moz AgEq annual production, US$1.1B NPV, 86% IRR for Panuco; January 2025 resource update to 222.4 Moz AgEq M&I; extensive drilling, test mine start, land expansion, C$95M raised. 2025 outlook: Feasibility Study H2, 37,000m drilling, permitting, surveys.
Including the early redemption of the 2026 Notes, Newmont will have retired approximately $1.4 billion of its debt over the last 12 months, demonstrating the Company’s commitment to deleveraging and strengthening its balance sheet.
Oroco Resource Corp. is pleased to announce a non-brokered private placement of up to 5,000,000 units of the Company at a price of C$0.30 per Unit for gross proceeds of up to C$1,500,000. Red Cloud Securities Inc. will be acting as a finder in connection with the Offering.
Questcorp Mining Inc. announced on January 27, 2025, its up-listing to the OTCQB Venture Market effective January 24, 2025, under symbol QQCMF, to boost U.S. investor access and liquidity. Shares continue on CSE (QQQ) and FSE (D910). Granted 1,500,000 stock options at C$0.07, exercisable until 2030.
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