Month: July 2025

Bear Creek Mining Corporation reported Q2 2025 production of 7,973 ounces of gold and 33,932 ounces of silver at its Mercedes Mine, reflecting underperformance due to a terminated contractor at the Marianas deposit. A recovery plan is underway, with a new contractor engaged. The company drew US$2.4 million from a Sandstorm promissory note for working capital, amid an ongoing strategic review.

Sierra Madre Gold and Silver Ltd. upsized its private placement to issue 23,572,000 units at $0.70 each, aiming for $16,500,400 in proceeds. Each unit includes one common share and half a warrant, exercisable at $0.85 for 12 months. The offering, led by Beacon Securities, targets Canadian investors (excluding Quebec) under the Listed Issuer Financing Exemption. Closing is expected around July 24, 2025, pending regulatory approval.

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.

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.

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.

Vizsla Silver Corp. (TSX: VZLA, NYSE: VZLA) completed a bought deal public offering, raising US$15,000,300 by issuing 5,000,100 additional common shares at US$3.00 each, following the full exercise of the underwriters’ over-allotment option. The proceeds will advance the Panuco and Santa Fe Projects, potential acquisitions, and general corporate purposes. The offering awaits final TSX approval.

Apollo Silver Corp. signed an investor relations agreement with Matthews Investments in Vancouver, effective July 14, 2025. Matthews will provide IR services for C$7,000/month for an initial three-month term, renewable quarterly. Led by IR expert Richard Matthews, the firm holds no Apollo securities but may participate in future financings. The agreement awaits TSX Venture Exchange approval.

USAC expanded antimony supply efforts for its Thompson Falls, Montana, and Madero, Mexico smelters. In Alaska, USAC controls 23,800 acres, targeting antimony at Mohawk Mine and Stibnite Creek. Bolivia and Chad contracts will deliver 10 and 80 metric tons, respectively, starting August. Montana operations resumed with 1,200 acres acquired. Canadian supply increased 121% to 857 tons.