For the second tranche, the Company issued an additional 2,583,330 units at CAD $0.30 per Unit for gross proceeds of approximately CAD $774,999. In aggregate, the Company has issued 25,916,664 Units for gross proceeds of approximately CAD $7,774,999 inclusive of the first tranche closing and second tranche closing.
Heliostar Metals Ltd. closed a bought deal equity financing on March 28, 2025, raising gross proceeds of $19.5 million through issuing 19,500,000 common shares at $1.00 each. Proceeds will advance Mexican project development, including drilling at Ana Paula, and general corporate purposes.
GoGold Resources Inc. announced results of its annual meeting held March 27, 2025. Shareholders re-elected all directors: John Turner, Bradley Langille, Phillip Gaunce, Jorge Aguirre, Terrence Cooper, Douglas Reid, and Karen Flores. KPMG LLP was re-appointed as auditors.
Discovery Silver Corp. shareholders overwhelmingly approved (99.85% of votes) the issuance of shares for acquiring Newmont Corporation’s Porcupine Complex. The resolution passed at the special meeting on March 27, 2025, with the deal expected to close in H1 2025.
Kingsmen Resources completed a successful 3D IP (induced polarization-resistivity) survey at its 100 %-owned Las Coloradas project in the Parral mining district of Chihuahua, Mexico. The survey identified five new high-priority drill targets tied to strong chargeability/resistivity zones and helped define targets for an initial 14-hole drilling program, boosting confidence in exploration planning.
Americas Gold & Silver reported 2024 revenue of US$100.2 M with 1.7 Moz of silver production and all-in sustaining costs of about $28/oz, but a net loss of US$48.9 M. It completed 100% acquisition of the Galena Complex, strengthened leadership, and expects increased production and cost improvements in 2025.
Tony Makuch, Discovery’s CEO, commented: “2024 was a transformational year for Discovery as we work towards becoming a highly profitable North American precious metals producer.”
Al encuentro asistió el presidente ejecutivo, Craig J. Dalziel; el director general, Richard P. Lock; el presidente Ian Graham, y al geólogo Andrew Ware, responsables del proyecto, así como al diputado federal Mario Zamora.
Ernesto Balarezo, CEO of Sierra Metals, commented, “The fourth quarter of 2024 capped off a tremendous year for Sierra Metals. During the quarter, we achieved record throughput rates, which increased metal production leading to record revenue. This, combined with lower costs during a period of higher metal prices, has led to higher margins, an increase in cash flow generation, accelerated capital investments to secure long-term performance, a solid capital structure, and an overall stronger financial position.”
Colibri Resource Corporation is pleased to announce that it has closed a second and final tranche of its non-brokered private placement of units for gross proceeds of $146,500. Combined with the proceeds from Tranche 1, the Company has raised a total of $286,900.
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