Alpayana S.A.C. has acquired 70.74% of Sierra Metals’ shares at C$1.15 per share, meeting the minimum tender condition. The offer is extended to May 23, 2025, for remaining shareholders to tender. Alpayana plans to privatize Sierra and launch a tender for Corona shares, urging shareholders to act promptly.
Prime Mining Corp. reported Q1 2025 results for its Los Reyes Gold-Silver Project, with a $3.6M loss ($0.02/share) and $18M cash. Exploration highlights include high-grade intercepts at Z-T, Central, and Fresnillo trends. A 40,000m drill program is planned, paused due to security concerns. The company advances technical studies for a Preliminary Economic Assessment.
Minaurum Gold Inc. has engaged Capital Analytica and National Inflation Association for marketing and communications services, effective May 12, 2025. Capital will receive $60,000 for a 3-month term, providing social media and marketing support. NIA will receive US$30,000 for a 3-month term, focusing on email and online distribution. Both agreements are arm’s length, subject to TSX Venture Exchange approval, and renewable.
Chrysos Corporation signed a master services agreement with Newmont to implement PhotonAssay technology at Newmont’s Ahafo mine in Ghana, starting in H1 FY26. The technology uses high-energy X-rays for rapid, eco-friendly analysis of gold, silver, and copper, offering improved accuracy, lower costs, and enhanced safety. The five-year renewable agreement includes a per-sample fee and minimum monthly payments.
Newmont Corporation’s subsidiary, Goldcorp Inc., sold 50.5 million common shares of Discovery Silver Corp. for CAD $124.07 million (CAD $2.457 per share) on May 8, 2025. Newmont’s ownership decreased from 14.95% (119.7 million shares) to 8.64% (79.2 million shares). Newmont may adjust its holdings based on market conditions. An Early Warning Report is available.
Luca Mining Corp. announced drill results from seven underground diamond drill holes at its Campo Morado mine in Mexico, part of a 5,000m Phase One exploration. Drillhole CMUG-25-012 discovered a new ore zone with 3.8m of 12.54 g/t AuEq. The program targets near-mine resource expansion, with surface drilling underway to test Reforma and El Rey deposits.
Orla Mining Ltd. reported a record Q1 2025 with 47,759 ounces of gold produced and 46,356 ounces sold. The all-in sustaining cost was $845 per ounce at Camino Rojo. The Musselwhite acquisition was completed, boosting 2025 production guidance to 280,000-300,000 ounces. A net loss of $69.8 million was driven by fair value adjustments, with adjusted earnings at $38.6 million.
Pan American Silver (May 12, 2025) agreed to acquire MAG Silver for ~$2.1B via plan of arrangement: $500M cash + ~60M shares (0.755 PAAS per MAG share, prorated). Adds 44% stake in high-grade Juanicipio mine (Mexico), boosting silver reserves/resources and cash flow. Deal completed Sep 4, 2025; MAG delisted.
Americas Gold and Silver Corporation reported Q1-2025 results, with revenue up 12% to $23.5 million due to higher silver prices. Silver production was 446,000 ounces, with expected increases in 2025 from Galena and Cosalá operations. Net loss was $18.9 million, driven by higher costs and metal price impacts. The company was included in the Solactive Global Silver Miners Index.
Silver Viper Minerals Corp. (TSXV: VIPR) has agreed to acquire the Cimarron Gold-Copper Project in Sinaloa, Mexico, from CSAC Holdings Inc. for 9,000,000 common shares. Located on a prolific porphyry belt, the project benefits from historical drilling and offers growth potential through infill and step-out work. Closing is subject to TSX Venture Exchange approval and due diligence.
Mexico Mining Center © 2021 / All Rights Reserved
