Silver Viper Minerals Corp. (TSXV: VIPR) has agreed to acquire the Cimarron Gold-Copper Project in Sinaloa, Mexico, from CSAC Holdings Inc. for 9,000,000 common shares. Located on a prolific porphyry belt, the project benefits from historical drilling and offers growth potential through infill and step-out work. Closing is subject to TSX Venture Exchange approval and due diligence.
Aloro Mining Corp. will sell its Los Venados Property in Sonora, Mexico, to Alamos Gold Inc.’s subsidiary, Minas de Oro Nacional, for $420,000. The transaction, expected to close by December 31, 2025, is subject to regulatory and shareholder approvals. Post-sale, Aloro may not meet TSX Venture Exchange listing requirements and could transfer to the NEX board.
Goldgroup Mining Inc. closed a CAD $15 million private placement, issuing 27,272,727 units at $0.55 each, with each unit including one common share and half a warrant exercisable at $0.75 until November 7, 2026. Eric Sprott acquired 5,454,500 units for ~$3 million. Proceeds will fund Cerro Prieto exploration, equipment, Pinos Project updates, debt reduction, acquisitions, and working capital. Securities have a hold period until September 8, 2025, pending TSX Venture Exchange approval.
Silver Storm Mining Ltd. (TSX.V: SVRS) is advancing financing for the restart of its La Parrilla Silver Mine in Durango, Mexico. The company has received non-binding proposals from trading houses and debt providers for US$15-17 million in financing facilities, linked to multi-year lead and zinc concentrate offtake agreements. Proposals feature 36-48 month terms with SOFR-based interest rates, subject to due diligence and other conditions.
Canuc Resources Corporation completed its acquisition of Macdonald Mines Exploration Ltd., acquiring all Macdonald Mines shares by issuing 73,768,343 Canuc shares at an exchange ratio of 1.497 Canuc shares per Macdonald Mines share. The deal, pending final TSXV approval, makes Macdonald Mines a wholly owned Canuc subsidiary, integrating the 19,710-hectare SPJ Project in Sudbury, Ontario, with Canuc’s San Javier Silver-Gold Project in Mexico. The acquisition aims to leverage synergies for new discoveries and cash flow from mine tailings.
Guanajuato Silver Company Ltd. reported exploration progress at its El Cubo and San Ignacio mines in Guanajuato, Mexico. At El Cubo, 971.8 meters of drilling in Q1 2025 confirmed the San Luis vein’s continuity, with 6,500 meters planned for 2025 targeting multiple veins. At San Ignacio, a geophysical study west of the Santo Nino block will guide future drilling.
MAG Silver Corp. reported a record net income of $28.7 million ($0.28 per share) for Q1 2025, driven by strong Juanicipio performance. Juanicipio processed 337,017 tonnes of ore, achieving 96% silver recovery and producing 4.5 million silver ounces. MAG received $61.5 million from Juanicipio, including a $59.4 million dividend. The company declared a $0.20 per share dividend, payable May 28, 2025.
MAG Silver Corp. declared a total dividend of $0.20 per share, comprising a fixed $0.02 per share and a cash flow-linked $0.18 per share (about 30% of $61.5 million from Juanicipio), payable on May 28, 2025, to shareholders of record as of May 19, 2025. The dividend is an “eligible dividend” under Canada’s Income Tax Act, subject to withholding taxes for non-residents. Future dividends depend on Board approval, financial position, and other factors.
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