Day: May 20, 2025

First Majestic Silver reported voting results from its 2025 Annual General Meeting, where shareholders approved setting the board size at seven and elected directors. Ayesha Hira joined the board, and Deloitte LLP was appointed auditor. However, the non-binding advisory vote on executive compensation (“Say on Pay”) was not approved by shareholders.

DynaResource reported Q1 2025 revenue of $13.7 million, up 45% from Q1 2024, with net income of $0.6 million compared to a $4.4 million loss last year. Gold production was 5,781 ounces, down 17% from Q1 2024. The company discovered three new mineralized veins and completed flotation circuit upgrades, boosting margins. A Prefeasibility Study supports future exploration to expand reserves.

Golden Minerals reported a Q1 2025 net loss of $1.2M ($0.08/share), down from $4.6M ($0.32/share) in Q1 2024. Cash increased to $3.5M from $3.2M, with zero debt. Restructuring reduced costs, enabling focus on exploration at Argentina’s Desierto and Nevada’s Sand Canyon projects. A Phase I drill program is planned for Desierto. Liquidity concerns persist, with cash depletion projected by Q1 2026 without new funding or asset sales.

Mithril Silver and Gold Limited (ASX: MTH) appointed BDO Audit Pty Ltd as new auditor effective May 20, 2025, replacing Nexia Melbourne Audit Pty Ltd (resigned, ASIC consented). Change aligns with TSXV listing needs for international firm; ratification planned at 2025 AGM.

At Fresnillo plc’s Annual General Meeting on May 20, 2025, all resolutions (1-19 ordinary, 20-23 special) were passed by poll. Resolutions 10-16 for re-electing Independent Directors were approved by majorities of both independent and all shareholders. Total issued shares were 736,893,589. Voting details are available, with special business resolutions submitted to the National Storage Mechanism.

Apollo Silver Corp., led by Chairman Andrew Bowering, advances precious metals projects in California and Mexico. The Calico Project targets 160M ounces of silver and 70,000 ounces of gold, with plans for a barite resource, gold drilling, and silver economic study in 2025. The Cinco de Mayo Project aims to regain community support to unlock a major CRD deposit.

Kenadyr Metals Corp. has formed a Technical Advisory Board to enhance its copper exploration and development in North America. The board includes Dr. Peter Megaw, a renowned geologist; Michael Williams, a mining industry veteran; and John McVey, an experienced mining executive. Their expertise will guide Kenadyr’s strategy to acquire and develop high-grade copper assets for the clean energy transition.