Month: June 2025

Discovery Silver Corp. announced key executive appointments effective June 16, 2025: Amy Hu as SVP, Legal and Sustainability, and Darin Smith as SVP, Corporate Development. Promotions include Forbes Gemmell to EVP, Business Development & Growth, Mark Utting to SVP, Investor Relations, and Gord Leavoy to SVP, Mineral Processing, strengthening the leadership team to drive growth following the Porcupine Complex acquisition.

Santacruz Silver Mining Ltd. appointed Andrés Bedregal as Chief Financial Officer, effective June 16, 2025, after serving as interim CFO since October 2024. Bedregal, also CFO of subsidiary Sinchi Wayra S.A., has strengthened the company’s financial health, improved reporting systems, and secured better terms for a Bolivian asset acquisition. His expertise in financial planning and M&A will drive Santacruz’s growth.

Avino Silver & Gold Mines renewed its at-the-market (ATM) equity program, filing a prospectus supplement that lets it sell up to US $60 million of common shares at prevailing market prices through agents. The program gives Avino added financial flexibility to raise capital over time if needed, but there’s no obligation to sell any shares.

Grupo Mexico will sell most of its highway business, including stakes in CIBSA, OIBSA, and Autopista Silao, for 7.7 billion pesos ($406.4 million). The deal, pending regulatory approval, is set to close in late 2025. Funds will support investment projects and general corporate expenses across Grupo Mexico’s operations.

Chesapeake Gold Corp. completed a $4.44M non-brokered private placement with Eric Sprott’s 2176423 Ontario Ltd., issuing 3.7M units at $1.20 each. Each unit includes one share and half a warrant, exercisable at $1.65 for three years. Proceeds will fund oxidative leach technology, exploration, and working capital. Sprott now holds 17.9% of shares. The transaction, a related party deal, awaits TSXV approval.

In Mexico City, a Federal Labor Court ruled that the Tizapa Mining Company’s actions caused a nine-month strike by Section 219 of the National Mining Union. The court ordered the company to pay full back wages and address contract violations. The union, led by Napoleón Gómez Urrutia, hailed the ruling as historic, citing the company’s refusal to share profits and ensure safety.

Santacruz Silver Mining Ltd. reported strong Q1 2025 results, with revenues up 34% to $70.3M, gross profit soaring 6882% to $27.9M, and adjusted EBITDA rising 2202% to $27.5M. Despite a 93% drop in net income, cash reserves grew 706% to $32.5M. Silver equivalent production fell 5%, but costs per ounce decreased significantly. The company maintains a robust financial position.

Odyssey Marine Exploration, Inc. has advanced its PHOSAGMEX joint venture with Capital Latinoamericano by transferring mining concession rights, aiming to establish a domestic fertilizer supply for North American food security. Despite failing to pass proposals for increasing authorized shares and a reverse stock split at its June 9, 2025, stockholder meeting, Odyssey’s strategy remains unaffected. CEO Mark Gordon will discuss progress at the Emerging Growth Conference on June 17, 2025.

Vizsla Royalties Corp. completed the acquisition of an additional 3.0% NSR on the Panuco-Copala Silver-Gold Project in Sinaloa, Mexico, for US$40 million, increasing its total NSR to 3.5% on the Silverstone Concessions. The company also closed a C$63 million bought deal offering of 31.51 million common shares at C$2.00 each to fund the transaction and general corporate purposes.

GoGold Resources Inc. released its fourth annual Sustainability Report, highlighting its ESG achievements for 2024. Key points include a 95% water recycling efficiency at Parral, an 11% reduction in carbon footprint (0.005 tCO2e per silver equivalent ounce), and $17.6 million in local purchases. The company earned ESR and ELSSA distinctions and supported local communities with infrastructure, food, education, and medical aid.