Month: March 2025

Stephan Jansma, Trafigura Group Chief Financial Officer said: “ We are pleased to have successfully refinanced our flagship European revolving credit facility, reaffirming the strong and ongoing support of our global banking community. The European revolving credit facility remains a cornerstone of our funding strategy, ensuring sustained access to capital and reinforcing our robust liquidity position.”

Hector Gonzalez, CEO of Candelaria commented: “This resolution allows Candelaria to strengthen its financial position and focus on future strategic opportunities while eliminating the financial obligations associated with the medium-term loan facility with Goldgroup”.

Canuc Resources Corporation (TSXV: CDA, OTCQB: CNUCF) announced on March 7, 2025, terms for a non-brokered private placement: 5M–32M units at $0.10 each (1 share + 1 warrant exercisable at $0.15 for 2 years), raising min. $500K to max. $3.2M. Proceeds fund MacDonald Mines acquisition and asset development; conditional on arrangement agreement and TSXV approval.

Apollo Silver filed its NI 43-101 Technical Report for the Cinco de Mayo Project in Chihuahua, Mexico, with an effective date of Feb 28, 2025, supporting its earn-in/option agreement with MAG Silver. The report, led by a Qualified Person following a site visit and core review, details extensive historical work on the Upper Manto Pb-Zn-Ag (Au) and Pozo Seco Mo-Au deposits and can be found on SEDAR+ and the company’s website.

Goldgroup Mining Inc. announced on March 7, 2025, a Non-Enforcement Agreement to acquire 100% of the fully permitted Pinos gold project in Zacatecas, Mexico (30 concessions), via shares of Minera Apolo from Candelaria Mining. Terms: settle ~USD $2.7M loan, $178K cash, 716,667 shares; subject to TSXV approval.

Capstone Copper Corp. today announced that the CHESS Depositary Interests of the Company will be added to the Standard & Poors/ASX 200 Index by the S&P Dow Jones effective prior to ASX market opening on March 24, 2025.

Discovery Silver Corp. filed and mailed its management information circular for a special shareholder meeting on March 27, 2025, to approve issuing up to 123.6M shares (~30.9% dilution) for acquiring Newmont’s Porcupine Complex (US$425M deal). Board unanimously recommends approval; acquisition expected to close H1 2025.

Fortuna Mining Corp. reported 2024 results: record production 455,958 GEOs; revenue $1.062B (up 26% YoY); net income $128.7M ($0.42/share); adjusted $144.0M ($0.47/share); free cash flow $202.9M (up 32%); liquidity $381.3M. Q4: net income $11.3M after charges, adjusted $37.0M; revenue $302.2M; FCF record $95.6M. Strong gold prices drove gains.

Gold Resource Corporation released its S-K 1300 Technical Report Summary for the Don David Gold Mine, showing that the 2024 drilling program replaced mined reserves and increased mineral reserves by ~10 %. The report highlighted a major rise in Three Sisters vein reserves (over 800 % growth), boosting confidence in the mine’s resource base under SEC S-K 1300 standards.

Minera Alamos announced results of its February 28, 2025 AGM on March 5, 2025. Shareholders approved re-election of five directors, auditor ratification, and new Omnibus Incentive Plan with strong support. 210.7M shares (42% of total) voted. Focus remains on low-capex gold asset development and strategic acquisitions.