Pinnacle Silver and Gold Corp. updated on June 25, 2025, its El Potrero project (Mexico): ongoing mapping/sampling (>600 samples), high-grade results (e.g., 19.4 g/t Au, 266 g/t Ag over 4.1m underground; surface grabs up to 13.2 g/t Au, 2,280 g/t Ag). Consultants assessed plant/permitting favorably; drilling planned to test vein system.
President Claudia Sheinbaum confirmed Mexico will issue no new mining concessions, continuing the moratorium from López Obrador, and will review existing permits for environmental compliance. Focusing on lithium control and copper beneficiation, she aims to boost domestic manufacturing. Miners face regulatory uncertainty and potential tax hikes, with Sheinbaum emphasizing transparency and environmental upgrades, especially for open-pit mines.
Americas Gold and Silver Corporation closed a US$100 million senior secured debt facility from SAF Group to fund growth at the Galena Complex. The facility includes a US$50 million initial term loan and two additional US$25 million tranches, subject to conditions. The funds will support increased development, longhole stoping, equipment upgrades, and cost reductions, with the loan secured by most company assets.
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