Day: June 19, 2025

Fresnillo plc – Report on Payments to Governments for the year 2024

Fresnillo plc’s 2024 Report on Payments to Governments, mandated by UK Regulations, details payments from extractive activities. Total payments reached $79.4 million, with $77.4 million to Mexico, $1.5 million to Peru, and $0.5 million to Chile. Payments included taxes ($29.1 million), royalties ($0.8 million), and licenses/concessions ($49.5 million), reported in USD, with no production entitlements, dividends, bonuses, or infrastructure payments.

AIMMGM and FIFOMI to Usher in a New Era for the Mining Industry

The Mining Development Trust (FIFOMI), under the Ministry of Economy, aims to become a key development bank, collaborating with AIMMGM to promote sustainable, socially responsible mining. A signed agreement focuses on training for small- and medium-scale mining, emphasizing industry-academia links and dual education. This marks the first mining-government education event in six years, integrating mining with innovation.

Mag Silver Publishes Fourth Annual Sustainability Report

MAG Silver Corp. released its 2024 Sustainability Report, emphasizing its commitment to ESG priorities. Highlights include a three-year decline in safety incident rates at Juanicipio, over 102,000 hours of safety training, zero significant environmental incidents, and a human rights due diligence tool. The report, supported by a Climate Action Statement and ESG Data Table, is available on MAG’s website.

Silver Viper Announces Concurrent Private Placement

Silver Viper Minerals Corp. announced an additional $2 million non-brokered private placement, issuing up to 6,666,667 units at $0.30 each, alongside a previously announced $3.5 million offering, targeting total proceeds of $6 million. Each unit includes one share and one-half warrant, exercisable at $0.50 for 24 months. Proceeds will fund drilling at La Virginia and general corporate purposes. The offering, subject to TSX Venture Exchange approval, is expected to close in tranches starting June 25, 2025, with a 12-month trading restriction on units.

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