Day: June 11, 2025

Sandstorm Gold Ltd. announced exploration updates from its royalty portfolio. First Majestic discovered the high-grade Santo Niño vein at Santa Elena, Mexico, boosting the district’s potential. Lundin Gold expanded its 2025 drilling at Fruta del Norte, Ecuador, to 108,000 meters, targeting high-grade zones. Entrée Resources reported strong copper-gold results at Hugo North Extension, Mongolia. Awalé Resources confirmed high-grade gold at Odienné, Côte d’Ivoire. Omai Gold Mines and Troilus Gold also reported significant gold intercepts in Guyana and Quebec, respectively.

Equinox Gold Corp. updates 2025 guidance due to its merger with Calibre Mining and slower ramp-up at Greenstone Mine. Pro forma production is set at 785,000–915,000 ounces of gold, with total cash costs of $1,400–$1,500/oz and all-in sustaining costs of $1,800–$1,900/oz, excluding Valentine and Los Filos. Greenstone’s production is revised to 220,000–260,000 ounces. A conference call is scheduled for June 12.

Grupo México Transportes (GMXT) will delist its shares from the Mexican Stock Exchange (BMV), ending its public trading history that began in 2017. The decision, to be discussed on June 27, follows a trend of over 20 companies exiting the BMV due to low stock valuations and trading volumes. GMXT’s market cap is 153 billion pesos, with a limited 10.56% float.

Colibri Resource Corporation (TSXV: CBI) received TSXV approval for a 5:1 share consolidation, effective June 13, 2025. The consolidation reduces 115,417,625 outstanding shares to approximately 23,083,525, with no fractional shares issued. No name or symbol change occurs. Convertible securities will adjust proportionally. Registered shareholders will receive instructions to exchange certificates; DRS/book or brokerage holders need no action.

Capitan Silver Corp. (TSXV: CAPT) completed the purchase of the Altiplano 2% NSR at its Cruz de Plata Project for $1M USD, eliminating the royalty and its Area of Interest clause. Remaining royalties include a 1% Peñoles royalty, retireable for $1M USD within 10 years, and a 1% Riverside Resources royalty, retireable for C$250,000. This enhances shareholder value.

Questcorp Mining Inc. has formed an Advisory Board and appointed Paul Larkin, a seasoned mining executive with over 42 years of experience, as its inaugural advisor. Larkin’s expertise in corporate finance and governance is expected to enhance shareholder value as Questcorp advances its copper and gold exploration projects in Canada and Mexico. He received 200,000 stock options at $0.205 each.