Month: February 2025

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.

Heliostar CEO, Charles Funk, commented, “We are proud to add Vitalina to our team as we continue to grow rapidly. Vitalina brings a strong financial, transactional and reporting background to Heliostar from active production companies in Mexico and West Africa.”

CAPITAN SILVER CORP. is pleased to announce that, in connection with its previously announced private placement financing the Company intends to increase the size of the Offering to up to 13,250,000 units at a price of C$0.40 per Unit for aggregate gross proceeds of up to C$5,300,000.

Reyna Silver Corp. is pleased to announce a first closing of its previously announced private placement offering of units. In aggregate, the Company issued 14,889,999 Units in the first closing for aggregate gross proceeds of CAD$1,116,749.93.

Oroco Resource Corp. announces that it has amended the terms of a non-brokered private placement which was announced on January 27, 2025 to that of up to 6,000,000 units of the Company at a price of C$0.25 per Unit for gross proceeds of up to C$1,500,000.

Capitan Silver Corp. increased its non-brokered private placement to up to C$5.3 million, issuing up to 13.25 million units at C$0.40 each (one share + one warrant at C$0.50 for 12 months, with acceleration). Proceeds for Cruz de Plata project exploration, consolidation, and working capital.