Day: May 1, 2025

Equinox Gold Corp. shareholders approved all matters at their May 1, 2025, meeting, including the share issuance for the proposed merger with Calibre Mining Corp. Calibre securityholders also approved the transaction. Pending court and regulatory approvals, the deal is expected to close by Q2 2025. Voting results showed strong support for all resolutions, including director elections and executive compensation.

Santacruz Silver Mining Ltd. received a temporary management cease-trade order (MCTO) from the British Columbia Securities Commission because it failed to file its 2024 annual financials and related MD&A and certifications by the April 30, 2025 deadline. The MCTO prohibits trading in the company’s securities by the CEO and CFO until filings are completed, though the public can still trade the stock.

Hecla Mining Company reported record Q1 2025 sales of $261.3 million, up 5%, with net income of $28.7 million. Adjusted EBITDA hit $90.8 million, improving the net leverage ratio to 1.5x. Keno Hill achieved its first profitable quarter, producing 772,430 silver ounces. Lucky Friday set a milling record at 108,745 tons. The company aims to strengthen its balance sheet and optimize operations in 2025.

Capstone Copper Corp. reported Q1 2025 results with record sulphide copper production of 45,950 tonnes at $2.23/lb C1 cash costs, up 49% from Q1 2024, driven by Mantoverde and Mantos Blancos. Consolidated production was 53,796 tonnes at $2.59/lb. Revenue hit $533.3 million, with adjusted EBITDA doubling to $179.9 million. Net loss was $6.8 million. The company reaffirmed 2025 guidance of 220,000-255,000 tonnes at $2.20-$2.50/lb.

Canuc Resources Corporation closed the final $930,000 tranche of a $3,200,000 private placement, issuing 9,300,000 units at $0.10 each, including warrants exercisable at $0.15 for two years. Proceeds will fund the acquisition of MacDonald Mines Exploration Ltd. and advance mineral asset exploration. The closing awaits TSX Venture Exchange approval.

Vizsla Silver Corp. announced on May 1, 2025, its annual equity grant: 4,050,000 stock options at $2.90, 1,450,000 RSUs, and 850,000 DSUs to directors, officers, employees, and consultants under the Omnibus Plan. Vesting over 2-3 years; subject to TSXV and NYSE American approval.

Agnico Eagle Mines renewed its normal course issuer bid (NCIB), with TSX approval to repurchase and cancel up to 25,174,240 common shares (up to US $1 billion worth, ~5% of shares) from May 4 2025 to May 3 2026. Share purchases will be made at market prices using existing cash and aim to support capital allocation and shareholder value.

Minera Alamos Inc. released 2024 year-end financials and 2025 outlook on May 1, 2025. Santana mine sold 2,806 oz gold; expects higher production in 2025. Advancing Copperstone acquisition with engineering and financing; Cerro de Oro permitting ongoing. Revenue $8.9M; net loss $17.6M; cash $11.8M.