Month: January 2025

Minera Alamos extended its US$400,000 Auramet loan maturity from November 29, 2024, to May 29, 2025, with TSXV approval. Paid extension fee of US$400,000 by issuing 1,901,648 shares at C$0.2949 each. Extension supports ongoing permitting for Cerro de Oro gold project amid anticipated 2025 improvements.

Quetzal Copper Corp. announced (January 15, 2025) a TSX Venture Exchange-approved extension until February 17, 2025, for its non-brokered private placement of up to 6,666,666 non-flow-through units at C$0.15 each, targeting C$1,000,000 gross proceeds for exploration and general corporate purposes.

Luca Mining Corp. is pleased to announce it has been named to the 2025 OTCQX® Best 50, a ranking of top performing companies traded on the OTCQX Best Market last year.

N. Eric Fier, CEO commented, “For a second consecutive year since declaring commercial production, the Las Chispas operation has exceeded expectations on numerous operational metrics and done so in a safe manner, with no lost time injuries recorded. These outstanding achievements are a direct result of the exceptional efforts by our employees in Mexico and Canada and I would like to thank them all for their contributions in 2024.”

“At current metal prices we expect to generate strong operating cash flows that will fund our capital investment program and service our debt obligations. Most importantly, I believe we are poised to continue delivering strong long-term value for all shareholders.”

Avino Silver & Gold Mines has begun underground development at its 100 %-owned La Preciosa silver project after receiving all required permits. Work includes advancing a 350-metre access decline toward high-grade veins, funded from cash reserves. This milestone supports La Preciosa’s progression toward production and local economic benefits while leveraging existing mill infrastructure.

“As we look ahead to 2025, our strategic focus remains firmly on advancing the commissioning of our Terronera project and integrating it into our production profile,” commented Dan Dickson, Chief Executive Officer.

Jorge A. Ganoza, President and CEO of Fortuna, commented, “Fortuna successfully built, expanded, and operated the underground San Jose mine for thirteen years, developing it into one of the 12 largest primary silver producers in the world for several years.”

“2025 will be a pivotal year for Torex with the conclusion of the Media Luna Project only a few months away, marking the start of our next chapter at Morelos. For the first time, we will have simultaneous production from both the north and south sides of the Balsas River, and we will also become a meaningful copper producer with the metal representing approximately 20% of the guided 2025 production.”

Gatos Silver, Inc. today announced that Gatos Silver’s stockholders have voted to adopt the proposal related to the previously announced merger agreement between First Majestic Silver Corp. and Gatos Silver.