Month: June 2025

Torex Gold Resources Inc. will acquire Reyna Silver Corp. for US$26 million ($36 million) in cash, gaining access to prospective exploration projects in Mexico (Batopilas and Guigui) and Nevada (Gryphon Summit and Medicine Springs). The deal, supported by Reyna’s management and board, requires shareholder and regulatory approvals, with a special meeting planned for August 2025. Torex also invested $1.1 million in a private placement.

Reyna Silver Corp. has entered a definitive agreement with Torex Gold Resources Inc., allowing Torex to acquire all Reyna Silver shares for CDN$0.13 each via a court-approved plan of arrangement. The transaction, supported by Reyna’s board, requires shareholder and regulatory approvals, with a special meeting planned for August 2025. Concurrently, Torex will invest $1.1 million in a private placement.

Mako Mining Corp. has fully recovered the US$6.4 million acquisition cost for its Moss Mine in Arizona through residual leaching and a US$1.53 million bond return. Q2 2025 operations at San Albino and Moss boosted cash and receivables to US$27.4 million. A new contractor starts mining at Moss in July, with steady production by Q4 2025. Cash flow will fund exploration and the Eagle Mountain Project.

Vizsla Silver Corp. announced a bought deal offering of 33,334,000 common shares at US$3.00 each, raising approximately US$100 million. Canaccord Genuity leads the underwriting syndicate, with an option to purchase an additional 15% of shares, potentially increasing proceeds to US$115 million. The funds will advance the Panuco Project and support general corporate purposes. The offering, expected to close June 26, 2025, is subject to regulatory approvals. Offering documents will be available on SEDAR+ and EDGAR.

Chesapeake Gold Corp. announced the election of Paul West-Sells and the appointment of Jeff Stieber to its Board of Directors. West-Sells brings over 25 years of mining experience, while Stieber offers 19 years in finance and mining project management. Long-time director Chris Falck retired but will serve as an advisor. The changes were effective following the June 18, 2025, annual general meeting.

Silver Viper Minerals Corp. (TSXV: VIPR) acquired the Cimarron Project in Sinaloa, Mexico, a porphyry gold-copper system, from CSAC Holdings Inc. for 9,000,000 shares at $0.20 each. The project, located in a prolific mining belt, is accessible and near infrastructure. The transaction, completed without finders’ fees, enhances Silver Viper’s portfolio in Mexico’s key mining regions.

Infinitum Copper Corp. (TSXV: INFI) will sell its Mexican subsidiary, holding an 80% interest in the Cerro Grande copper-gold-silver property in Sonora, Mexico, to Kenadyr Metals Corp. for $100,000 cash and 1,842,719 Kenadyr shares. Infinitum also delisted from the OTCQB to reduce costs, remaining on the TSXV. The deal awaits TSXV and shareholder approval.

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.