Day: May 2, 2025

Capstone Copper Announces 2025 Annual General Meeting Results

Capstone Copper Corp. announced the voting results from its 2025 Annual General Meeting held May 2, 2025, in Vancouver. With 594,082,529 shares voted (77.96% of outstanding shares), shareholders approved all items, including setting the board at eight directors (96.27% for), electing directors (98.20%-99.98% for), re-appointing Deloitte LLP as auditor (99.90% for), and an advisory vote on executive compensation (91.87% for).

Newmont Promotes Natascha Viljoen to President and Chief Operating Officer

Newmont Corporation announced Natascha Viljoen’s promotion to President and Chief Operating Officer, effective immediately. Viljoen, who joined as COO in 2023, will continue reporting to CEO Tom Palmer. The promotion recognizes her leadership in safe operations and cost improvement following the Newcrest acquisition. Viljoen, previously CEO of Anglo American Platinum, aims to enhance value for stakeholders.

Endeavour Silver Completes Acquisition of Minera Kolpa

Endeavour Silver Corp. completed the $145 million acquisition of Minera Kolpa, including the Huachocolpa Uno Mine in Peru, with $80 million cash, $65 million in shares, and up to $10 million in contingent payments. The deal, funded by a $35 million copper stream and $50 million equity financing, adds a 1,800 tpd silver-focused mine producing 5.1 million silver-equivalent ounces in 2024, with plans to expand to 2,500 tpd.

Torex Gold Declares Commercial Production at Media Luna

Torex Gold Resources Inc. achieved commercial production at its Media Luna mine on April 26, 2025, completing the Media Luna Project within budget and ahead of schedule. Construction is 98% complete, with the mine set to reach 7,500 tonnes per day by mid-2026. Funded mainly by ELG cash flow, Torex anticipates positive free cash flow in mid-2025.

Sierra Metals Acknowledges Receipt of Amended Bid

Sierra Metals Inc. acknowledges Alpayana S.A.C.’s increased offer price from C$1.11 to C$1.15 per share for its proposed take-over bid, as announced on May 1, 2025. The bid’s expiry is extended to May 12, 2025. Sierra Metals’ board is reviewing the offer and will make a recommendation soon, noting the bid’s numerous discretionary conditions.

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