Month: May 2025

Guanajuato Silver Posts Positive Mine Operating Income of US$4.8M in Q1, 2025

Guanajuato Silver reported record Q1 2025 results, with mine operating income of $4.8M (up 82%) and revenue of $21.3M (up 12%). Production reached 738,006 AgEq ounces, with cash costs at $19.19 and AISC at $23.41 per ounce. Adjusted EBITDA rose 135% to $4.1M. The company appointed Dan Oliver as Lead Independent Director.

Aztec Announces 2025 Exploration Program at Cervantes Gold-Copper Project, Sonora, Mexico

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 Announces US$4.5 Million of Net Earnings in Q1 2025

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 Reports Q1 2025 Financial and Operating 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.

Prime Announces Selection of Ausenco to Lead PEA Study Work

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 Announces Stock Repurchase Program

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.

Canuc Announces New Board Member

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.

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