Month: July 2025

Grupo Mexico reported a 10% rise in Q2 net profit to $1.23 billion, despite a 4% revenue drop to $4.24 billion, surpassing analyst estimates. EBITDA increased 1.4% to $2.36 billion. Copper production fell 1.3% to 267,325 tons, but lower mining costs and strong byproduct sales (molybdenum, zinc, silver) bolstered results. The company plans $6.2 billion in U.S. copper project investments.

Santacruz Silver Mining Ltd. reported Q2 2025 production of 3,547,054 silver equivalent ounces, down 4% from Q1, with 1,423,081 silver ounces, 21,148 tonnes zinc, 2,773 tonnes lead, and 229 tonnes copper. Flooding at Bolivar reduced output, offset by San Lucas. The company aims to maximize silver production and recoveries in H2 2025.

Vizsla Royalties Corp. highlights Vizsla Silver’s expanded exploration at the Panuco silver-gold project in Mexico, where it holds a 3.5% NSR royalty on the proposed mine plan and 2% on other concessions. Vizsla Silver plans 25,000+ meters of drilling, an airborne survey, and 70% district mapping in 2025, targeting a Feasibility Study by H2 2025 and production by H2 2027.

Guanajuato Silver Company Ltd. (GSilver) has appointed Rick Trotman as Senior Vice President to strengthen its management team. With 20 years of mining experience, including roles at Barrick Gold, Yamana Gold, and Resource Capital Funds, Trotman brings expertise in exploration, operations, and investments. GSilver also granted 2,200,000 stock options at C$0.32, expiring July 29, 2030, pending TSX Venture Exchange approval.

Americas Gold and Silver Corporation reported a 54% increase in Q2 2025 silver production, reaching 689,000 ounces compared to 446,000 in Q1. The cash balance grew to US$61.7 million, up US$52.9 million, driven by a US$50 million debt facility tranche and a US$11.5 million private placement. Strong performances at Galena (34% increase) and Cosalá (103% increase) support the company’s 2025 growth strategy.

Oroco Resource Corp. received TSX Venture Exchange approval for engaging Whittle Consulting Ltd. to conduct a Strategic Option Study for the Santo Tomas copper project in Mexico. Whittle will receive 1,560,000 shares and 780,000 options as partial payment. The study, optimizing the mine plan, began and is expected to conclude by October 2025. Oroco holds an 85.5% interest in the project’s core concessions.

Xali Gold Corp. is shifting its exploration focus to South America, targeting advanced gold projects in Peru with significant resources and PEAs, while continuing work on the Sarape silver-gold project in Mexico. Nine El Oro concessions (35% of the land package) were unlawfully cancelled by the Mexican Mines Bureau. Xali Gold is reviewing legal steps to revoke these cancellations.