Day: July 7, 2025

Starcore Announces Spin-Out of African Properties

Starcore International Mines Ltd. plans to spin out its Côte d’Ivoire exploration interests, covering 1,393 km² including the Kimoukro Gold Project, into a new subsidiary, EU Gold Mining Inc., which will seek a separate Canadian listing. Starcore shareholders will receive one EU Gold share for every two Starcore shares. The move allows Starcore to focus on its Mexican gold and silver assets, while EU Gold develops African properties. The spin-out requires shareholder and regulatory approvals.

Sandstorm Gold Shares Climb After Royal Gold Announces $3.5 Billion Acquisition Deal

Royal Gold Inc. will acquire Sandstorm Gold Ltd. for $3.5 billion in an all-stock deal and Horizon Copper for $196 million in cash, boosting its North American gold streaming portfolio. The deals, offering significant premiums, will add 40 producing assets, increasing Royal Gold’s 2025 production by 26%. The merged entity will operate 80 assets, with precious metals driving 87% of revenue. Closures are expected by Q4 2025, pending approvals.

Truck Carrying Gold and Silver Stolen Near Guadalajara

In a heist near Guadalajara, armed criminals in two vehicles stole a truck carrying 33 tons of gold and silver concentrate from Grupo Minero Bacis S.A. de C.V. on the Durango-Manzanillo highway. The driver and guards were held for 90 minutes but unharmed. The truck was recovered, but the cargo’s whereabouts are unknown. The company suspended operations for safety.

Aura Announces Launch of U.S. Public Offering

Aura Minerals Inc. launches a U.S. public offering of common shares to raise approximately US$210 million, with shares to be listed on Nasdaq under “AUGO.” The offering, managed by BofA Securities and Goldman Sachs, is U.S.-only via prospectus. No preemptive rights apply, and the offering isn’t registered in Brazil or Canada. A 30-day underwriter option is included.

IMPACT Silver Intersects 10.38% Zinc over 3.94m Including 20.95% Zinc over 1.70m at the Plomosas Mine

IMPACT Silver Corp. announced new drill results from the Juarez Zone at its Plomosas zinc-lead-silver mine in Mexico, with high-grade intersections including 30.10% zinc, 7.88% lead, and 61.8 g/t silver. The mineralization, outside existing JORC resources, is near underground infrastructure, enabling rapid mining expansion. Drilling continues to expand resources, leveraging the mine’s high-grade potential.

Luca Drills 15 Metres of 5.4 g/t Gold and 8.4% Zinc at Campo Morado

Luca Mining Corp. announced high-grade results from its 2025 drilling program at the Campo Morado mine, Mexico. Surface drillhole CM-RF-25-001 at Reforma Deposit hit 15.1m of 11.9 g/t AuEq, while underground drillhole CMUG-25-015 yielded 4.5m of 12.2 g/t AuEq. The 7,500m Phase 1 program targets resource expansion, with 22 underground and 5 surface holes completed, aiming to update mineral resources and mine plans.

Royal Gold to Acquire Sandstorm Gold and Horizon Copper and Reinforce its Position as a Leading North American Gold-Focused Streaming and Royalty Company

Royal Gold, Inc. will acquire Sandstorm Gold Ltd. for ~US$3.5B in shares (0.0625 Royal Gold per Sandstorm share, 21% premium) and Horizon Copper Corp. for US$196M in cash (C$2.00/share, 85% premium). The deals add 40 producing assets, boosting 2025 GEO production by ~26%, enhancing Royal Gold’s diversified precious metals portfolio.

Silver Storm Closes Final Tranche of $4.0 Million Non-Brokered LIFE Financing

Silver Storm Mining Ltd. closed the final tranche of its non-brokered private placement, raising C$129,650.04 by selling 997,308 units at $0.13 each, totaling C$4,004,000 across both tranches. Each unit includes one common share and one warrant exercisable at $0.20 for 36 months. Proceeds will fund mine processing equipment, La Parrilla facility rehabilitation, and general operations, pending TSXV approval.

Riverside and Questcorp Prepare for Inaugural Drill Program at Union Project in Sonora

Riverside Resources and Questcorp Mining are preparing for the first-ever drill program at the Union Gold-Silver Project in Sonora, Mexico, targeting high-priority Carbonate Replacement Deposit (CRD) zones. The 1,500-meter diamond drilling will test Union, North Union, and Famosa zones, which historically produced 50,000 ounces of gold equivalent. Recent geophysical surveys, including IP and drone magnetics, along with surface geochemistry, have refined drill targets, showing significant potential for gold and base metal discoveries.

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