Month: May 2025

GR Silver Mining Ltd. announced a non-brokered private placement to issue up to 12 million units at $0.13 each to raise up to $1.56 million. Each unit includes one common share and one-half warrant (full warrant exercisable at $0.19 for 24 months). Proceeds will fund exploration and resource expansion at the San Marcial area of the Plomosas Project and working capital.

McEwen Mining reported Q1 2025 results showing improved earnings and a smaller net loss compared with 2024, supported by higher gold prices. The company plans to boost Fox Complex production, funded by a $110 M convertible debt offering, and remains on track for its 2025 guidance. Total Q1 production was lower than last year but operational goals continue.

Aloro Mining Corp. will sell its Los Venados Property in Sonora, Mexico, to Alamos Gold Inc.’s subsidiary, Minas de Oro Nacional, for $420,000. The transaction, expected to close by December 31, 2025, is subject to regulatory and shareholder approvals. Post-sale, Aloro may not meet TSX Venture Exchange listing requirements and could transfer to the NEX board.

Goldgroup Mining Inc. closed a $15M non-brokered private placement on May 8, 2025, issuing 27.27M units at $0.55 each (one share + ½ warrant at $0.75 until Nov 2026). Eric Sprott invested ~$3M, increasing his holdings. Proceeds for exploration, equipment, debt reduction, acquisitions.

Silver Storm Mining Ltd. (TSX.V: SVRS) is advancing financing for the restart of its La Parrilla Silver Mine in Durango, Mexico. The company has received non-binding proposals from trading houses and debt providers for US$15-17 million in financing facilities, linked to multi-year lead and zinc concentrate offtake agreements. Proposals feature 36-48 month terms with SOFR-based interest rates, subject to due diligence and other conditions.

Canuc Resources Corporation completed its acquisition of Macdonald Mines Exploration Ltd., acquiring all Macdonald Mines shares by issuing 73,768,343 Canuc shares at an exchange ratio of 1.497 Canuc shares per Macdonald Mines share. The deal, pending final TSXV approval, makes Macdonald Mines a wholly owned Canuc subsidiary, integrating the 19,710-hectare SPJ Project in Sudbury, Ontario, with Canuc’s San Javier Silver-Gold Project in Mexico. The acquisition aims to leverage synergies for new discoveries and cash flow from mine tailings.

MAG Silver Corp. reported a record net income of $28.7 million ($0.28 per share) for Q1 2025, driven by strong Juanicipio performance. Juanicipio processed 337,017 tonnes of ore, achieving 96% silver recovery and producing 4.5 million silver ounces. MAG received $61.5 million from Juanicipio, including a $59.4 million dividend. The company declared a $0.20 per share dividend, payable May 28, 2025.

MAG Silver Corp. declared a total dividend of $0.20 per share, comprising a fixed $0.02 per share and a cash flow-linked $0.18 per share (about 30% of $61.5 million from Juanicipio), payable on May 28, 2025, to shareholders of record as of May 19, 2025. The dividend is an “eligible dividend” under Canada’s Income Tax Act, subject to withholding taxes for non-residents. Future dividends depend on Board approval, financial position, and other factors.

Pan American Silver Corp. (May 7, 2025) reported results from its Annual General and Special Meeting held the same day in Vancouver. Shareholders approved fixing the board at nine directors (99.51% for), elected all nominees, appointed Deloitte LLP as auditors (89.98% for), and advisory say-on-pay (95.38% for). All resolutions passed strongly.