Day: July 31, 2025

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.

Osisko Development Corp. announced a US$120 million “bought deal” private placement of 58,560,000 units at US$2.05 each, alongside a US$75 million non-brokered placement to a strategic investor. Each unit includes a common share and half a warrant, exercisable at US$2.56 for 24 months. Proceeds will fund the Cariboo Gold Project and general corporate purposes. Closing is expected around August 15, 2025, pending regulatory approvals.

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.