Aztec Minerals Corp. launched a two-phase 2025 exploration program at its Cervantes porphyry gold-copper project in Sonora, Mexico. Phase 1 involves surface sampling and mapping at California East, North, and Brasil targets. Phase 2, post-rainy season, plans drilling to expand the California gold target and test Brasil, aiming to define open-pit, heap leach potential.
Luca Mining Corp. reported a strong Q1 2025 with $4.5M net earnings, $7.6M EBITDA, and $11.7M free cash flow. Record revenues rose 117% to $47.4M, driven by 51% higher gold equivalent production (21,293 ounces). Both Campo Morado and Tahuehueto mines saw significant throughput growth. The company reduced debt by $8.4M, maintaining $24.6M in cash. Exploration continues to show promising results.
Bear Creek Mining reported Q1 2025 results, producing 8,262 oz gold and 36,466 oz silver at Mercedes Mine. The company raised $10 million through a private placement, deferred debt interest payments, and issued a $6.5 million promissory note. A strategic review was initiated, and board changes occurred. Revenue was $23.7 million, with a $13.3 million net loss.
Avino Silver & Gold Mines Ltd. held its 2025 AGM, with all resolutions passed. Shareholders approved a five-director board, elected Michael Clark as a new director, and appointed Ronald Andrews as Chairman. Deloitte LLP was appointed as auditor. Avino filed a US$100 million base shelf prospectus, enabling future securities offerings over 25 months.
Prime Mining Corp. has selected Ausenco to conduct a Preliminary Economic Assessment (PEA) for its Los Reyes gold-silver project in Mexico, targeting completion in Q3 2025. The PEA will leverage extensive drilling and technical work, aiming for a high-return, low-capital project. Prime will continue exploration to expand resources and engage local communities.
Coeur Mining, Inc. announced a $75 million share repurchase program, effective through May 31, 2026, to enhance shareholder value. The decision reflects confidence in strong free cash flow from higher metal prices, the Las Chispas mine acquisition, Rochester mine expansion, and consistent operations. Repurchases will occur opportunistically, balancing debt reduction and reinvestment in growth opportunities.
IMPACT Silver Corp. reported Q1 2025 revenue of $10.7 million, doubling from $5.3 million in Q1 2024, driven by Plomosas mine production and higher commodity prices. EBITDA improved to $1.0 million from a $3.6 million loss, with a reduced net loss of $0.1 million. Zacualpan processed 35,012 tonnes, up 10%, and Plomosas hit 159 tpd, targeting 200 tpd in 2025.
Minaurum Gold Inc. identified four parallel high-grade vein structures at the Promontorio vein zone of its Alamos silver project in Mexico. Recent drilling yielded intercepts like 10.20 m of 453 g/t AgEq and 0.65 m of 958 g/t AgEq. These results will contribute to the maiden resource estimate, highlighting the zone’s potential.
Canuc Resources Corporation (TSXV: CDA) appoints Kevin Olson, a seasoned oil and gas industry expert, to its Board of Directors. Olson’s extensive experience and network will support Canuc’s expansion in West Texas natural gas assets. The company also announces Paul Davis’s resignation from the Board, thanking him for his service. Canuc focuses on resource development and cash flow generation.
Kingsmen Resources Ltd. (TSXV: KNG) has signed a diamond drill contract for its 100% owned Las Coloradas silver project in Chihuahua, Mexico. A 14-hole drill program targeting high-grade silver and gold in the Soledad structures begins immediately, with all permits secured. Assay results will be announced as received, potentially expanding drilling in 2025.
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