Torex Gold Resources Inc. announced drilling results from the 2024 and early 2025 programs at ELG Underground, confirming high-grade mineralization and potential for extended mine life. Key intercepts include 12.18 gpt AuEq over 26.4 m and 8.98 gpt AuEq over 35.8 m. The 2025 program, with a $12 million budget, targets resource expansion and sustained production beyond 2030.
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.
GR Silver Mining Ltd. has resumed field work and drilling at the Plomosas Silver Project in Sinaloa, Mexico, after a temporary pause due to regional security concerns. The company is optimistic about expanding the San Marcial resource, with previous trench results showing high-grade silver. The focus is on step-out drilling and surface investigations, while prioritizing safety and assessing a potential bulk sampling program.
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.
Mithril Silver and Gold Limited (ASX:MTH; TSXV:MSG) appoints Meghan Lewis as Independent Non-Executive Director. With nearly 20 years in mining finance, Lewis brings expertise from roles at Aura Minerals and Dundee Group. She holds degrees in Geological Science and started as an exploration geologist.
Mithril Silver and Gold Limited announced high-grade gold and silver drill results at Target 2 (Las Brujas) in Mexico’s Copalquin district. Hole T2DH25-006 yielded 11.5m at 8.61 g/t gold and 57.6 g/t silver. Exploration advances across multiple targets, with new discoveries at El Peru and El Apomal, confirming the district’s large-scale mineral potential.
United States Antimony Corporation (USAC) reaffirms its commitment to U.S. critical minerals independence, operating North America’s only antimony smelters. Despite a U.S.-China tariff agreement, China’s antimony export ban persists, driving prices up. Antimony is exempt from new U.S. tariffs, supporting national security. USAC plans to excavate Alaskan antimony resources, strengthening domestic supply chains.
Fresnillo sold most of its 9% stake in MAG Silver due to Pan American Silver’s acquisition agreement, which would convert its shares to less than 1% of Pan American, misaligning with its strategic goals. The sale reflects focus on Juanicipio mine’s strong performance. Proceeds will support growth and balance sheet strength. Fresnillo aims to collaborate with Pan American if the deal completes.
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