First Majestic Silver Corp. (AG) surged 15.52% with an 84.85% trading volume increase on June 5, 2025, driven by rising silver prices amid US-China trade tensions, positive Q1 2025 earnings, and the Gatos Silver merger. Strong investor confidence from Charles Schwab’s increased stake and unusual options activity further fueled the momentum.
Defiance Silver Corp. increased its private placement from C$8M to C$13M due to strong demand, offering 52M units at C$0.25 each, including a common share and half a warrant exercisable at C$0.35 for 24 months. A concurrent non-brokered offering aims for C$1.5M. Proceeds will fund exploration, a San Acacio resource estimate, Tepal payments, and working capital. Closing is set for June 17, 2025, pending TSXV approval.
Mammoth Resources Corp. announced a strategic alliance with RM Minerías, a Mexican mining group, to develop and restart mineral projects in Mexico, enhancing Mammoth’s Tenoriba gold-silver project. Additionally, Mammoth launched a non-brokered private placement of 30 million units at $0.025 each, aiming to raise $750,000 to advance Tenoriba, evaluate acquisitions, and support working capital.
Sierra Madre Gold and Silver Ltd. extended its US$5 million secured loan with First Majestic Silver Corp. to May 7, 2027, with no other changes. The 15% interest loan allows deferred interest payments. The extension aids potential expansion at the Guitarra mine and exploration. Sierra Madre also granted 950,000 stock options to employees and consultants at $0.69 per share.
Orla Mining Ltd. announced the first underground Mineral Resource estimate for its Camino Rojo deposit in Zacatecas, Mexico, extending from the oxide open pit. The Measured and Indicated Resource totals 50.1 Mt at 2.58 g/t AuEq (4.16 Moz), with an Inferred Resource of 5.6 Mt at 2.33 g/t AuEq (0.42 Moz). Zone 22, a sulphide extension, contributes 7% and 19% to these categories, respectively. The resource supports heap leaching, cyanidation, and flotation with pressure oxidation. Orla plans further drilling, an exploration drift, and a 2026 Preliminary Economic Assessment to advance toward underground mining.
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