Capstone Copper Corp. reported record Q2 2025 financials, with all-time high revenue and quarterly adjusted EBITDA of $215.6 million. Copper production hit 57,416 tonnes at $2.45/lb C1 cash costs. Net income was $24.0 million, and net debt dropped to $691.9 million. The company reaffirmed 2025 guidance and received the Mantoverde Optimized permit, boosting future growth prospects.
Guanajuato Silver Company Ltd. reported high-grade gold intercepts at its Valenciana Mines Complex in Mexico, with 0.98m at 16.7 g/t gold and 0.26m at 45.3 g/t gold in the Santa Margarita zone. These results, from 475m of Q1 2025 drilling, will support a new mining block in 2025, boosting production potential.
Sierra Madre Gold and Silver Ltd. closed the second tranche of its $19.5M private placement, raising $1.75M by issuing 2.5M units at $0.70 each. Each unit includes one share and half a warrant, exercisable at $0.85 for 12 months. Proceeds will fund Guitarra mine expansion, East District exploration, and general corporate purposes.
Discovery Silver Corp. appointed Alison White as Chief Financial Officer, effective July 31, 2025. With over 20 years of finance and operations experience, including CFO roles at SSR Mining and regional CFO at Newmont, White will support the growth of Discovery’s Porcupine Operations. Former CFO Andreas L’Abbé transitions to Senior Vice President, Finance, to lead integration efforts.
Oroco Resource Corp. signed a cooperation agreement with Mexico’s Sembrando Vida program to support environmental conservation and community development in Choix, Sinaloa, near its Santo Tomás Project. The partnership focuses on restoring degraded land, promoting sustainable agriculture, and enhancing local ecosystems through agroforestry and reforestation. Oroco will provide material, logistical, and advisory support, aligning with its ESG strategy.
Mithril Silver and Gold Limited reported high-grade gold and silver results from its Copalquin District project in Mexico for Q2 2025. Channel sampling at Target 2 yielded up to 31.8 g/t gold and 1,004 g/t silver, while drilling at Las Brujas returned 11.5m @ 8.61 g/t gold. Target 5 sampling showed up to 5.36 g/t gold and 777 g/t silver, preparing for drilling next quarter. A C$11.5M private placement was completed, with a cash balance of A$11M.
Agnico Eagle reported record Q2 2025 free cash flow of $1.3B and adjusted net income of $976M ($1.94/share). Gold production was 866,029 ounces at $933/oz cash costs. The company transitioned to a $963M net cash position, repaid $550M in debt, and returned $300M to shareholders via dividends and buybacks. 2025 guidance remains unchanged.
Sierra Metals Inc. shareholders approved a second-step acquisition by Alpayana Canada Ltd., involving an amalgamation with a new subsidiary, with 99.95% voting in favor. Shareholders will receive C$1.15 per share upon completion, expected around August 1, 2025. Fernando Arrieta, José Cúneo, and Dustin Perry were elected as directors, and KPMG LLP was appointed as auditor.
Grupo Mexico reported a 10% rise in Q2 net profit to $1.23 billion, despite a 4% revenue drop to $4.24 billion, surpassing analyst estimates. EBITDA increased 1.4% to $2.36 billion. Copper production fell 1.3% to 267,325 tons, but lower mining costs and strong byproduct sales (molybdenum, zinc, silver) bolstered results. The company plans $6.2 billion in U.S. copper project investments.
Santacruz Silver Mining Ltd. reported Q2 2025 production of 3,547,054 silver equivalent ounces, down 4% from Q1, with 1,423,081 silver ounces, 21,148 tonnes zinc, 2,773 tonnes lead, and 229 tonnes copper. Flooding at Bolivar reduced output, offset by San Lucas. The company aims to maximize silver production and recoveries in H2 2025.
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