Sierra Madre Gold and Silver Ltd. closed the first tranche of a $19.5M private placement, raising $17.75M by issuing 25.36M units at $0.70 each, including one share and half a warrant exercisable at $0.85 for 12 months. Funds will support Guitarra mine expansion, East District exploration, and corporate purposes. The offering awaits TSX Venture Exchange approval.
Questcorp Mining Inc. is advancing surface exploration at its La Union Gold-Silver Project in Sonora, Mexico, ahead of a 1500-meter drilling program in mid-August. The company, holding an option to earn 100% interest from Riverside Resources, identified stacked thrust faults and intrusive bodies, enhancing the project’s mineralization potential. Sampling and road maintenance are ongoing, with drill contracts nearing finalization.
Mammoth Resources Corp. received TSX Venture Exchange approval for a first tranche closing of 21,821,902 units at $0.025 each, raising $545,548. Each unit includes one common share and one-half warrant, exercisable at $0.05 for 18 months. The funds are part of an upsized private placement targeting up to $980,000. Mammoth focuses on its 100%-owned Tenoriba gold property in Mexico.
Fresnillo plc reported robust Q2 2025 production with 12.5 moz of attributable silver (up 1.0% vs. Q1 2025, down 14.7% vs. Q2 2024) and 157.7 koz of gold (up 1.0% vs. Q1 2025, up 21.3% vs. Q2 2024). Strong performance at Herradura drove gold output, while silver was impacted by lower grades and Silverstream. The company maintains its 2025 guidance.
Xali Gold Corp. has completed data compilation for the Sarape silver-gold Project in Northern Mexico, optioned from Advanced Lithium Corp. Located 20 km from the Las Chispas Mine, Sarape features two low-sulphidation epithermal veins with high-grade potential. Surface samples show up to 3.66 g/t Au and 177 g/t Ag. Xali Gold plans further exploration to delineate drill targets.
MAG Silver Corp. reported Q2 2025 production from Juanicipio (56% MAG, 44% Fresnillo), processing 343,000 tonnes of ore, with silver grades at 417 g/t and production of 4.3 million silver ounces and 10,465 gold ounces. Lead and zinc output rose 9% and 21%, respectively. A tragic fatality in July prompted a safety review. Full-year guidance remains on track, with comprehensive results due August 11, 2025.
Advance Metals (ASX: AVM) has agreed with Endeavour Silver to earn 100% interest in the high-grade Guadalupe y Calvo gold-silver project in Mexico over four years. Located in the Sierra Madre Occidental, the project has a 2021 resource estimate of 9.5Mt at 2.7g/t AuEq (816,000 oz). Historical drilling shows strong results, including 15m at 16.8g/t Au and 373g/t Ag.
Pinnacle Silver and Gold Corp. reported high-grade assays from underground channel sampling at the Pinos Cuates mine, El Potrero Project, Mexico, with up to 85.1 g/t Au and 520 g/t Ag over 0.5m. Composite assays include 50.3 g/t Au and 269 g/t Ag over 1.7m. The company plans underground drilling to define the mineralized zone’s extent.
Avino Silver & Gold Mines Ltd. reported a 5% increase in Q2 2025 silver equivalent production, reaching 645,602 ounces, with record mill throughput of 190,987 tonnes. Gold and copper production rose 17% and 12%, respectively, despite lower silver output. The company maintains a strong balance sheet with US$37 million in cash and is advancing development at La Preciosa.
Guanajuato Silver Company Ltd. reports high-grade vein intercepts at its San Ignacio Mine, Mexico, including 8.20m true width at 536 g/t AgEq and 1.06m at 2,585 g/t AgEq in the Santo Nino zone. Development work is underway to access these gold-rich areas for mining in 2025, leveraging existing infrastructure for rapid exploitation.
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