Day: April 24, 2025

Agnico Eagle Mines Limited reported strong Q1 2025 results, with 873,794 ounces of gold produced at $903/oz cash costs. Net income hit $815M ($1.62/share), with record adjusted net income of $770M ($1.53/share). Free cash flow reached $594M, boosting cash to $1,138M, nearly eliminating net debt. The company declared a $0.40/share dividend, repurchased shares, and released its 2024 Sustainability Report.

Fortune Bay Corp. closed a non-brokered private placement, raising $3,000,000 by issuing 9,375,000 units at $0.32 each. Each unit includes one common share and one-half warrant, exercisable at $0.45 for the first year and $0.55 for the second. Proceeds will fund projects in Canada and Mexico and general corporate purposes. Insiders subscribed for 1,531,250 units, and Numus Capital Corp. received finder’s fees.

Heliostar Metals Ltd. has appointed Stephen Soock as Vice President of Investor Relations and Development and Connie Lillico as Corporate Secretary. Soock brings 20 years of mining industry experience, including roles at Stifel and various mine sites. Lillico has 20 years of experience in mining, previously serving at First Majestic Silver Corp. Heliostar also granted 700,000 stock options and 150,000 restricted share units to employees and consultants.