Month: February 2025

Agnico Eagle reported 2024 exploration results showing a 1 % increase in gold mineral reserves to 54.3 million ounces and a 9 % rise in inferred resources, including updated reserves at Upper Beaver. The company outlined its 2025 exploration plans focused on extending mine life, testing near-mine targets and advancing key projects with a robust drilling program and budget.

Agnico Eagle Mines reported record 2024 results, with annual gold production of ~3.49 M oz and free cash flow of ~$2.14 B, supported by strong operations and cost control. Net debt was reduced by about $1.3 B, and the company updated its three-year guidance forecasting stable production and continued reserve growth.

Colibri Resource Corporation is pleased to announce that, further to its news release of January 31, 2025, it has closed, subject to final TSX Venture Exchange acceptance, a first tranche of its previously announced non-brokered private placement of units for aggregate gross proceeds of $140,400.

Canuc Resources Corporation and Macdonald Mines Exploration Inc. are pleased to announce, further to their respective press releases dated December 3rd, 2024, that they have entered into a definitive arrangement agreement pursuant to which Canuc will acquire all of the issued and outstanding shares of Macdonald Mines.

In 2025, the Company expects to achieve total attributable production from its four operating mines in Mexico of between 27.8 to 31.2 million silver equivalent ounces, including 13.6 to 15.3 million ounces of silver.

Heliostar CEO Charles Funk commented, “Repayment of this loan is another significant milestone for Heliostar. In November 2024, the Company completed the acquisition of producing gold assets with a clear upside for less than one percent equity dilution by taking on debt. Using debt was assessed to be the best outcome for shareholders to minimize dilution.”

Defiance Silver Corp. (Feb 13, 2025) closed the third and final tranche of its upsized private placement, raising C$975,000 via 4,875,000 units at C$0.20 each (each: 1 share + ½ warrant at C$0.35/24 months). Total raised: C$3,267,800 (16,339,000 units). Finders’ fees paid; proceeds for exploration and working capital.