Month: April 2025

Fortuna Mining Corp. completed the sale of its San Jose Mine in Mexico to JRC Ingeniería y Construcción S.A.C. for US$6.5M cash upfront, US$1.2M adjustment by April 30, 2025, up to US$8.3M contingent payments, and a 1% NSR royalty post-threshold production. The mine was placed on care and maintenance in December 2024.

Goldgroup Mining Inc. is pleased to announce a non-brokered private placement of up to 27,272,727 units of the Company at a price of $0.55 per Unit for aggregate gross proceeds of up to $15,000,000.

Fortuna Mining Corp. announced the sale of its Yaramoko Mine in Burkina Faso to Soleil Resources International Limited for ~US$130M cash (US$70M on closing, US$57.5M dividend, up to US$53M from VAT). Expected Q2 2025 completion; avoids US$20M closure costs amid limited reserves and challenging climate.

“We’re pleased to establish this new credit facility with Truist Bank, which not only augments our working capital capabilities, but also demonstrates growing confidence in our business and long-term potential,” said Richard (Rick) Isaak, Senior Vice President and CFO of U.S. Antimony.

Plata Latina Minerals Corporation has completed the sale of the 3% net smelter return on the Naranjillo property for a total of US$6,000,000 to a wholly-owned subsidiary of Fresnillo plc.

Akiba Leisman, Chief Executive Officer, states that “2024 represented a major inflection point for Mako, demonstrating the inherent profitability of our asset base. Not only did we generate $42.2 million in Adjusted EBITDA and $0.27 in EPS for the year, but we achieved that at gold prices nearly $800 per ounce lower than current market prices.”

Fortuna Mining Corp. reported Q1 2025 gold production of 91,893 ounces and gold equivalent production of 103,459 ounces across its four active mines. The Lindero leach pad expansion was completed on time and within budget. The company repurchased 916,900 shares for $4.16 million and reaffirmed its 2025 guidance of 380,000–422,000 gold equivalent ounces.

First Majestic Silver released its 2024 Sustainability Report, highlighting strong environmental, safety and community performance and progress toward its public sustainability goals. It also mailed materials for the 2025 Annual General Meeting of shareholders, including the notice, management information circular and financial statements, under a more eco-friendly notice-and-access delivery approach.

“A number of significant milestones were achieved during Q1 2025, and we are incredibly proud of these accomplishments. We successfully tied-in the flotation circuits to the processing plant as part of the Media Luna Project and restarted the mill on schedule, commissioned the Guajes Tunnel conveyor, and achieved first production of precious metal rich copper concentrate.”