Month: July 2025

Mako Mining Corp. reported Q2 2025 production results for its San Albino gold mine in Nicaragua, Moss Mine in Arizona, and updates on the Eagle Mountain project in Guyana. San Albino mined 54,354 tonnes, yielding 10,911 oz gold and 12,491 oz silver. Total gold sales reached 11,476 oz, generating $38.1 million in revenue. Cash balance increased to $28.6 million.

Major Drilling Group reported fiscal 2025 revenue of $727.6 million, up 3% from $706.7 million, with Q4 revenue at $187.5 million, up 12%. EBITDA fell to $101.3 million from $120.5 million. The Explomin acquisition boosted South American presence. Capital expenditures were $72.5 million, preparing for fiscal 2026 growth. The company achieved a record-low TRIFR of 0.74.

Silver Viper Minerals Corp. closed a $3.6M private placement, issuing 11,993,149 units at $0.30 each, raising $3,484,161. Each unit includes one share and half a warrant, exercisable at $0.50 for 24 months. Proceeds will fund drilling at La Virginia and general corporate purposes. Eric Sprott increased his stake to 7.3% non-diluted, 10.6% fully diluted. Insiders subscribed for 616,667 units.

Orogen Royalties Inc. re-lists on TSX Venture Exchange (OGN) after a plan of arrangement with Triple Flag Precious Metals Corp., which included a $10M private placement. Orogen focuses on organic royalty generation, leveraging its Ermitaño 2% NSR gold-silver royalty in Mexico and other assets. Profitable since 2021, debt-free, with $17M cash, Orogen anticipates $40M in partner-funded exploration in 2025.

Mithril Silver and Gold Limited (TSXV:MSG, ASX:MTH) announced a C$11.5M private placement, issuing up to 31,944,700 shares at C$0.36 each to fund exploration at its Copalquin project in Mexico. The placement, led by Ventum Financial Corp., has strong demand from institutional investors. Proceeds will accelerate drilling and exploration, with closing expected on July 24, 2025, pending regulatory approval.

Starcore International Mines Ltd. signed a non-binding Letter of Intent to lease the San Juan Nepomuceno (Tortilla Project) in Queretaro, Mexico, for 10 years. The project includes a historical mine with no production records but significant potential. Starcore will pay MX$5,000,000 (~US$268,500) over six months, with a 2% NSR to the owner post-payments. The owner may sell the claims for US$7,000,000 during the lease.

Sonoro Gold Corp. submitted a revised Environmental Impact Statement (MIA) for its Cerro Caliche gold project in Sonora, Mexico, to SEMARNAT in February 2025. The updated MIA enhances the mine plan and environmental stewardship. The project, a 9-year open-pit heap leach operation, has secured all concession and surface rights, aiming for sustainable gold production.

GoGold Resources Inc. reported Q2 2025 production of 555,500 silver equivalent ounces from its Parral mine, including 201,616 silver ounces, 3,100 gold ounces, 128 tonnes of copper, and 140 tonnes of zinc. The company’s strong cash flow from Parral supports exploration and engineering at Los Ricos, positioning GoGold well for the anticipated construction start at Los Ricos South.

First Majestic Silver Corp. reported a Q2 2025 production of 7.9 million silver equivalent ounces from its four Mexican mines, up 48% from Q2 2024. Silver production rose 76% to 3.7 million ounces. The company revised its 2025 guidance upward, expecting 30.6-32.6 million AgEq ounces, driven by strong performances at Los Gatos, Santa Elena, and San Dimas.