Mithril Silver and Gold Limited announced high-grade results from channel sampling at Copalquin, Mexico, with Target 6 yielding 57.8 g/t gold and 2,120 g/t silver. Target 5 sampling continues to expand ahead of drilling in August 2025. Fully funded for 45,000 meters of drilling, Mithril aims to unlock the district’s multi-million-ounce potential.
Newmont Corporation announced tender offers to purchase up to $2 billion aggregate principal amount of outstanding notes, split into two $1 billion pools with priority levels. Offers expire August 25, 2025; early tenders by August 8 receive $50 premium per $1,000. Pricing uses fixed spreads over U.S. Treasuries.
Goldgroup Mining Inc. (TSXV:GGA) announces its shares now trading on OTCQX Best Market under GGAZF, enhancing U.S. investor access. CEO Ralph Shearing notes this milestone supports doubling Cerro Prieto gold production, advancing the Pinos project, and targeted acquisitions to broaden the shareholder base.
GR Silver Mining Ltd. announced a $12 million bought deal offering, selling 60 million units at $0.20 each. Each unit includes one common share and half a warrant, exercisable at $0.28 for 36 months. Proceeds will advance the Plomosas Project in Mexico and support general corporate purposes. The offering, expected to close by August 12, 2025, is subject to regulatory approvals.
Almaden Minerals Ltd. and Almadex Minerals Ltd. are pursuing arbitration against Mexico under the CPTPP for the complete loss of the Ixtaca precious metals project. The arbitration panel rejected Mexico’s request to consider jurisdictional objections separately, allowing the case to proceed without delay. Almaden expects to provide an update on the arbitration calendar in Q4 2025.
Torex Gold Resources Inc. will acquire Prime Mining Corp. for approximately $449 million (US$327 million), gaining full ownership of the Los Reyes gold-silver project in Mexico. Prime shareholders will receive 0.060 Torex shares per Prime share, a 32.4% premium. The deal enhances Torex’s resource base, diversification, and growth potential, leveraging its Mexican expertise. The transaction is expected to close in H2 2025, pending approvals.
Equinox Gold Corp. reports high-grade gold discoveries at its El Limon Mine in Nicaragua, with drill results up to 36.77 g/t gold over 6.9m. The 2025 100,000m drilling program targets resource expansion, showing potential to extend mineralization. Since acquiring El Limon in 2019, Mineral Reserves increased 700% to 1.12M ounces, with surplus processing capacity supporting future growth.
Mexico Mining Center © 2021 / All Rights Reserved
