J2 Metals granted 1.15 million stock options to certain directors and officers under its stock option plan. The options are exercisable at C$0.10 per share for five years and vest over 12 months. J2 is a Vancouver-based mineral explorer focused on critical and precious metals in Canada and the United States.
Colibri President & CEO Ian McGavney commented: “We are pleased with overall results from this recent diamond drilling program. The footprint of the gold & silver mineralization at Pilar has been expanded and opens the doors for potential future drilling along the Main Zone trend as well as the less understood 4T and North Hill trends. Our attention will now be focussed on working with our partner to advance a maiden estimate as well as finalizing plans and permitting for our upcoming up to 50,000 tonne test mine/bulk sample.”
Upon closing of the Over-Allotment Option, the Company received additional gross proceeds of US$4,985,800, resulting in total gross proceeds from the Offering of approximately US$50.0 million.
Sierra Metals reported an 18% increase in consolidated ore throughput and a 14% rise in copper production in Q1 2025 compared to Q1 2024, driven by strong performances at Yauricocha and Bolivar mines. Yauricocha saw a 37% throughput increase, with copper output doubling. Bolivar’s production dipped due to lower grades. Financial results will be released May 14, with a conference call on May 15.
Avino Silver & Gold Mines reported strong Q1 2025 production, with 678,458 silver-equivalent ounces (up 8%) and increases in gold and copper output. The company announced its Q1 earnings release will be on May 13, 2025, followed by a conference call on May 14, 2025 to discuss results and operations, including ongoing development at La Preciosa.
Equinox Gold Corp. announced that proxy advisory firms ISS and Glass Lewis recommend shareholders vote FOR the proposed business combination with Calibre Mining Corp. The merger aims to create a major gold producer in the Americas, with over 1.2 million ounces annually, significant cash flow, and growth potential. The shareholder meeting is set for April 24, 2025.
“Step-out drilling south of the Main Zone has extended the high-grade corridor where we previously thought mineralization stopped.” commented, CEO Brodie Sutherland.
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