Major Drilling Group reported fiscal 2025 revenue of $727.6 million, up 3% from $706.7 million, with Q4 revenue at $187.5 million, up 12%. EBITDA fell to $101.3 million from $120.5 million. The Explomin acquisition boosted South American presence. Capital expenditures were $72.5 million, preparing for fiscal 2026 growth. The company achieved a record-low TRIFR of 0.74.
Silver Viper Minerals Corp. closed a $3.6M private placement, issuing 11,993,149 units at $0.30 each, raising $3,484,161. Each unit includes one share and half a warrant, exercisable at $0.50 for 24 months. Proceeds will fund drilling at La Virginia and general corporate purposes. Eric Sprott increased his stake to 7.3% non-diluted, 10.6% fully diluted. Insiders subscribed for 616,667 units.
Orogen Royalties Inc. re-lists on TSX Venture Exchange (OGN) after a plan of arrangement with Triple Flag Precious Metals Corp., which included a $10M private placement. Orogen focuses on organic royalty generation, leveraging its Ermitaño 2% NSR gold-silver royalty in Mexico and other assets. Profitable since 2021, debt-free, with $17M cash, Orogen anticipates $40M in partner-funded exploration in 2025.
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