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.
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 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 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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