Month: June 2025

Ranchero Gold Corp. (TSX.V:RNCH) has appointed Andrew Wilson as an independent director and chair of the Audit Committee. Wilson, founder of Stellium, brings extensive experience in capital markets and natural resources. Martyn Buttenshaw has resigned as an officer and employee but remains a director. Ranchero continues to focus on early-stage gold exploration, particularly at the Sandspit project in British Columbia.

Santacruz Silver Mining Ltd. reported Q1 2025 production of 3,688,129 silver equivalent ounces, including 1,590,063 silver ounces, 20,719 tonnes zinc, 2,718 tonnes lead, and 279 tonnes copper from its Bolivian and Mexican mines. Despite seasonal slowdowns in Bolivia, strong Mexican operations and strategic silver focus drove results, with 10,135 meters of underground development completed.

Kingsmen Resources Ltd. (TSXV: KNG) is advancing its Las Coloradas silver project in Chihuahua, Mexico’s Parral mining district. The historic mine, with high-grade silver veins, is undergoing a 14-hole drilling program following a $1.135 million raise. Targeting untapped depth potential along a 1.7 km corridor, Kingsmen aims to establish itself as a key explorer in this prolific region.

Chesapeake Gold Corp. announced a $4.44M non-brokered private placement of 3.7M units at $1.20 each, with Eric Sprott as the sole subscriber. Each unit includes one share and half a warrant, exercisable at $1.65 for three years. Proceeds will advance leach technology, exploration, and working capital. The placement, subject to TSX Venture Exchange approval, involves a related party transaction.

Aura Minerals filed a Form F-1 registration statement with the U.S. SEC for a proposed public offering of its common shares in the United States and plans to list them on the Nasdaq Global Select Market under the ticker “AUGO.” The offering, meant to improve liquidity and unlock shareholder value, will begin after SEC review; share amount and price range were not yet set.

First Majestic Silver Corp. (AG) surged 15.52% with an 84.85% trading volume increase on June 5, 2025, driven by rising silver prices amid US-China trade tensions, positive Q1 2025 earnings, and the Gatos Silver merger. Strong investor confidence from Charles Schwab’s increased stake and unusual options activity further fueled the momentum.

McEwen Inc. announced construction has begun on a new ramp at the Stock Mine within its Fox Complex, marking a new growth phase. This development aims to unlock lower-cost gold production by improving access to multiple zones and increasing throughput, leveraging its nearby mill and eliminating costly haulage. The project supports near-term production expansion and long-term value creation.

Defiance Silver Corp. increased its private placement from C$8M to C$13M due to strong demand, offering 52M units at C$0.25 each, including a common share and half a warrant exercisable at C$0.35 for 24 months. A concurrent non-brokered offering aims for C$1.5M. Proceeds will fund exploration, a San Acacio resource estimate, Tepal payments, and working capital. Closing is set for June 17, 2025, pending TSXV approval.