Aura Minerals reported its 2024 and Q4 2024 financial and operational results: full-year production rose to 267,232 GEO, net revenue increased to $594 M, and Adjusted EBITDA nearly doubled to $266.8 M vs. 2023. The company kept costs controlled and delivered strong cash flow. It also released its 2025 guidance, targeting production of 266,000–300,000 GEO and continued growth.
Silver Storm Mining Ltd. is pleased to announce that it has closed the final tranche of its non-brokered private placement offering of units of the Company which was initially announced on December 5, 2024. Under the Final Tranche of the Offering, 5,043,335 Units were issued at a price of $0.09 per Unit for aggregate gross proceeds of $453,900.18. Under the Offering, the Company issued an aggregate of 43,333,334 Units raising total gross proceeds of $3,900,000.06.
The property sits within the heart of Mexico’s Faja de Plata (Belt of Silver) and is located just 15km to the east of Endeavor Silver’s Pitarilla Deposit, one of the largest unexploited silver resources in Mexico.
SilverCrest Metals Inc. announces that the Company’s securityholders have approved the plan of arrangement with Coeur Mining, Inc. whereby Coeur will indirectly, among other things, acquire all of the issued and outstanding SilverCrest shares.
McEwen Mining Inc. announced its plan to offer $85 million in convertible senior notes due 2030 in a private placement, with an option for an additional $15 million. The unsecured notes will pay interest semi-annually and be convertible into cash or stock. Proceeds are intended for capped call costs, repaying about $20 million of existing debt, and general corporate purposes.
McEwen Mining Inc. announced its plan to offer $85 million in convertible senior notes due 2030 in a private placement, with an option for an additional $15 million. The unsecured notes will pay interest semi-annually and be convertible into cash or stock. Proceeds are intended for capped call costs, repaying about $20 million of existing debt, and general corporate purposes.
Goldgroup Mining Inc. announced on February 6, 2025, the successful accelerated exercise of all 18,681,818 warrants at C$0.10 each, raising ~C$1.87M. Proceeds to fund crushing equipment installation for >4,500 tpd throughput, targeting 25,000+ oz annual gold production, plus drilling and exploration.
“We are excited to have closed the Sabre Transaction that provides a new development platform for our shareholders in a stable jurisdiction. The Copperstone mine provides excellent leverage to gold prices and is in keeping with our other assets in that it has robust economics at much lower and more conservative gold price scenarios.” stated Doug Ramshaw, President of Minera Alamos.
Barksdale Resources Corp. announces that Rick Trotman, effective February 5, 2025, has resigned from his position as President and Chief Executive Officer of the Company. William Wulftange, who currently serves as a member of the Company’s board of directors has been appointed Chief Executive Officer of the Company and will assume, on an interim basis, all related duties.
“Strong operating results from the Avino Mine, coupled with a record-breaking financial performance in the fourth quarter, have set the stage for 2025 to be another successful year for Avino,” stated David Wolfin, President and CEO.
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