Mako Mining Corp. reports Q1 2025 San Albino production of 48,813 tonnes mined, yielding 10,817 oz gold sold for $31.5 million. Mill recovery was 85.3% at 608 tpd. The Moss Mine acquisition added 936 oz. Eagle Mountain project advances with environmental and geotechnical work, targeting H2 2025 for EIS submission. Cash balance is $14.2 million.
IMPACT Silver increased its previously announced non-brokered private placement from $3.5 M to up to $5.0 M due to strong investor demand. The financing still includes a $1.75 M LIFE Offering (fully allocated to Trafigura) and $3.25 M standard units, with attached warrants at set prices and terms. Closing is subject to regulatory approvals.
Bear Creek Mining Corporation reported its 2024 financial results, producing 40,220 oz gold and 217,676 oz silver at Mercedes Mine. Revenue was $103.7M, but a $27.2M impairment charge led to a $66.8M net loss. The company restructured debt with Sandstorm, raised $10M, and initiated a strategic review to enhance shareholder value. Cash costs were $1,471/oz, AISC $1,888/oz.
Regency Silver Corp. reports today that effective immediately, Bruce Bragagnolo has been appointed the Chief Executive Officer of the Company.
Pinnacle Silver and Gold Corp. (TSXV: PINN) updated on April 17, 2025, Phase I fieldwork at El Potrero gold-silver project (Mexico): vein system extended 1,100m NW, 132 samples submitted, underground mapping/sampling ongoing, roads/plant prepared. Granted 500,000 incentive stock options to consultants at C$0.05, expiring 2030.
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.
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