Orogen Royalties Inc. reported record 2024 revenue of $7.9 million, up 34%, and net income of $4.3 million, up 126% from 2023. Royalty revenue rose due to higher gold prices and Ermitaño Mine output. Prospect generation income fell 54%. The company, with $26.8 million in working capital, announced a $421 million acquisition by Triple Flag Precious Metals, including a spin-out company.
Sierra Madre Gold and Silver Ltd. has begun underground mining at the Coloso mine, part of the Guitarra Complex in Mexico, 7 months ahead of schedule. Previously mined by First Majestic Silver, Coloso has higher-grade silver and gold resources than Guitarra. Mining started at 50 tonnes per day, aiming for 150 by year-end, with optimized blending for maximum economic benefit.
Oroco Resource Corp. filed and received a receipt for a final short form base shelf prospectus with Canadian securities regulators, allowing future public offerings of securities over time. This gives the company flexibility to raise capital efficiently to advance its projects, including the Santo Tomás copper development in Mexico.
Vizsla Silver Corp. updated its at-the-market equity program to sell up to US$200 million in common shares to fund the Panuco Project, working capital, and general corporate purposes. The program, effective until shares are sold or the prospectus expires, involves Canaccord Genuity, CIBC Capital Markets, National Bank Financial, and BMO Capital Markets. The previous ATM agreement from September 2024 was terminated.
Odyssey Marine Exploration, Inc. welcomes a new Executive Order promoting U.S. offshore critical mineral development, aligning with its expertise in deep-sea exploration. The company, with no immediate plans to issue securities, has a $50 million shelf registration for future capital needs. Odyssey’s projects target battery metals and phosphates, supported by prior funding to sustain 2025 operations.
Americas Gold & Silver has been included in the Solactive Global Silver Miners Index (SIL), effective May 1, 2025. This reflects the company’s significant silver mining activities, revenue and market cap, and could help attract more institutional investment and improve liquidity as SIL is a major benchmark for many large funds.
Guanajuato Silver reported Q4 and full-year 2024 results on April 28, 2025, marking the third consecutive quarter of positive mine operating income ($2.7M, up 416%). Revenue rose 4% QoQ to $19M; produced 730k AgEq oz. Amended gold loan terms for flexibility; aims for debt-free growth.
Heliostar Metals Ltd. reported Q1 2025 results, producing 9,082 GEOs and selling 8,034 GEOs, on track for 31,000-41,000 GEOs annually. Cash costs were $1,175-1,275/GEO, and AISC was $1,375-1,475/GEO, meeting guidance. Gold sold at $2,875/oz. The company ended with $27M cash, no debt, and plans to expand drilling and increase production. Full reporting is expected in July 2025.
For the first quarter, the company reported sales was USD 4,195.52 million compared to USD 3,799.1 million a year ago.
Agnico Eagle Mines Limited today announced that, at the annual and special meeting of shareholders held on April 25, 2025 the eleven candidates listed in the management information circular dated March 24, 2025 were duly elected as directors of Agnico Eagle.
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