Defiance Silver Corp. acquired Green Earth Metals Inc., gaining three copper-gold-silver projects in Sonora, Mexico. The deal involved issuing 4,954,613 Defiance shares for all GEMS shares, valued at C$1,263,426. The projects, located in the Porphyry-Copper Belt, cover 6,795.22 hectares near major mines. Defiance plans a comprehensive exploration campaign, including drilling at the Victoria project.
Newmont Corporation announced the sale of shares in Greatland Resources and Discovery Silver Corp for ~$470 million in net proceeds, reflecting strong equity appreciation. The sales, part of Newmont’s 2024 non-core asset divestiture plan, included half its Greatland shares (230% return) and all Discovery shares (200% return). Newmont expects $3.0 billion in 2025 divestiture proceeds, supporting its capital allocation priorities.
Sierra Madre Gold and Silver Ltd. announces a $10 million private placement of 14.29 million units at $0.70 each, led by Beacon Securities. Each unit includes one common share and half a warrant, exercisable at $0.85 for 12 months. Proceeds will expand the Guitarra mine and support working capital. The offering, under NI 45-106 exemptions, closes around July 24, 2025, pending TSX Venture Exchange approval.
Minaurum Gold Inc. announced high-grade silver results from the Promontorio Sur vein zone at its Alamos Silver Project in Sonora, Mexico. Drilling intersected 1.05 m of 272 g/t AgEq and 4.95 m of 174 g/t AgEq, indicating potential for deeper high-grade mineralization. The 1.5 km-long zone, part of the 3.5 km Promontorio-Quintera trend, remains a significant exploration target.
Equinox Gold released its 2024 Sustainability Report, highlighting strong ESG progress. Achievements include a 31% improvement in environmental performance, zero major tailings incidents, $10.1M in social investments, and 100% supplier ethics compliance. The company tied executive bonuses to ESG metrics and launched equity and leadership programs, with 2025 goals focused on safety, diversity, risk management, and third-party ESG assurance.
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