Day: May 21, 2025

Mining Subsidiary Fresnillo PLC Outlook Revised To Stable From Negative On Similar Action On Parent; ‘BBB’ Ratings Affirmed

S&P Global Ratings revised Fresnillo plc’s outlook to stable from negative, affirming its ‘BBB’ ratings, mirroring the action on parent company Peñoles. Fresnillo’s strong profitability, low leverage, and robust cash generation support the stable outlook. Expected to maintain debt-to-EBITDA below 1.0x, Fresnillo’s growth prospects include gold-focused projects, boosting production by 2028–2030.

Silver Storm Announces Brokered Private Placement for Gross Proceeds of up to C$6.0 Million

Silver Storm Mining Ltd. announced a private placement to raise up to C$6,006,000 by selling 46,200,000 units at C$0.13 each, with an option for an additional C$2,002,000. Each unit includes one common share and one warrant exercisable at C$0.20 for 36 months. Proceeds will fund La Parrilla processing facility rehabilitation, long-lead items, operations, and general corporate purposes. The offering, led by Red Cloud Securities, is set to close around June 5, 2025, pending TSXV approval.

Diputado Mario Zamora Visita Proyecto Santo Tomás en Choix y Reafirma su Compromiso con el Desarrollo de la Región

Diputado Mario Zamora visited the Santo Tomás mining project in Choix, Sinaloa, with state, municipal, and Oroco Resource Corp. officials, confirming progress on this major copper project. With SEMARNAT permits secured, operations are set for August 2025, backed by a $1.49 billion investment. Zamora reaffirmed commitments to community infrastructure, like a water treatment plant, and regional economic growth.

Empress Royalty Announces Appointment Business Development Advisor, North America

Empress Royalty Corp. appoints Mark N.J. Ashcroft, P.Eng., as Business Development Advisor, North America, to drive portfolio growth. With over 30 years in mining and finance, Ashcroft’s expertise will help identify high-quality gold and silver investment opportunities. This move aligns with Empress’ strategy to expand its diversified royalty and streaming portfolio through regional expertise and strategic partnerships.

Radius Gold Signs Tlacolula NSR Guarantee Agreement with New Owners of San Jose Mine, Mexico

Radius Gold Inc.’s subsidiary signed a 2.0% NSR royalty agreement with JRC for the Tlacolula 2 concession in Oaxaca, Mexico, near the San José gold-silver mine. The Tlacolula property hosts a high-grade epithermal gold-silver system, with historic sampling showing up to 19.34 g/t Au and 986 g/t Ag. Radius also holds NSR and project interests in Peru, Mexico, and Guatemala, including the Amalia and Holly projects.

Agilent Technologies nombra a dos nuevos miembros para su junta directiva

Agilent Technologies Inc. (NYSE:A) nombró a Pascal Soriot, CEO de AstraZeneca, y Judy Gawlik Brown, fundadora de Downtown Advisory, como nuevos miembros de su Junta Directiva, efectiva el 20 de mayo de 2025, tras la jubilación de Heidi Kunz. Soriot aporta experiencia farmacéutica global, mientras Brown ofrece expertise financiera en ciencias de la vida. Con una capitalización de $32.35 mil millones, Agilent mantiene una sólida salud financiera según InvestingPro, con dividendos estables por 14 años. Los nombramientos apoyan la iniciativa “Ignite Transformation” de la empresa.

Kingsmen Resources Raises $1,135,000 in Non-Brokered Private Placement

Kingsmen Resources Ltd. closed a non-brokered private placement, raising $1,135,000 by issuing 1,576,389 units at $0.72 each. Each unit includes one share and half a warrant, exercisable at $1.05 for two years. Proceeds will advance the Las Coloradas Silver/Gold project and support working capital. Insiders purchased 25,214 units, and all securities have a four-month hold period, pending regulatory approval.

Sierra Metals Reminds Shareholders of Impending Deadline to Tender Shares to Alpayana Offer

Sierra Metals Inc. reminds shareholders that Alpayana’s $1.15 per share all-cash offer has been extended until May 23, 2025, at 5:00 p.m. (Toronto time). Alpayana has acquired 86.7% of Sierra’s shares but has not committed to a second-step transaction to buy the remaining shares at the offer price. Shareholders are urged to tender their shares promptly to avoid remaining minority shareholders under Alpayana’s control, which could impact share liquidity and value.

Mako Mining Intersects 39.15 g/t Au over 5.9 m (Estimated True Width) 19.2 m Below Surface In its Inaugural Drill Campaign at El Golfo

Mako Mining Corp. reports high-grade gold and silver results from its 2025 RC drilling at El Golfo, Nicaragua, with drill hole EJ25-RC53 intersecting 39.15 g/t Au and 27.8 g/t Ag over 8.0 m. The 3,000-meter program targets the underexplored 224 km² El Jicaro Concession, near Mako’s San Albino and Las Conchitas mines. Assay results from additional holes are pending.

Hecla Releases 2024 Sustainability Report

Hecla Mining Company’s 2024 Sustainability Report highlights its ESG performance, emphasizing responsible mining alongside strong financial results. Key achievements include over $1 billion in local economic impact, 38% reduction in Scope 1 & 2 GHG emissions since 2019, and 38% female representation on its Board. The report aligns with GRI, SASB, TCFD, and TSM frameworks, with full details available on Hecla’s website.

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