Torex Gold Resources Inc. reported Q2 2025 results, achieving commercial production at Media Luna on May 1, with no lost-time injuries. Gold equivalent production was 82,856 oz, with sales at $253.9 million. All-in sustaining costs were $2,103/oz AuEq. The company expects to meet the lower end of its 400,000-450,000 oz AuEq guidance and has announced acquisitions of Reyna Silver and Prime Mining to diversify its portfolio.
Colibri Resource Corporation (TSXV: CBI) has decided against amending its outstanding debentures, warrants, and finder’s options, as previously announced on July 16, 2025. After reviewing capital needs and market conditions, management is developing a new financing plan to address the maturing debentures (US$444,000 matured August 1, 2025; US$175,000 due August 31, 2025) and provide additional working capital. Details will be shared soon.
Pan American Silver Corp. has appointed Pablo Marcet to its Board of Directors, effective immediately. With over 35 years of international mining experience, Marcet brings expertise in exploration, development, and operations across the Americas and Africa. His leadership roles include positions at Piche Resources, Geo Logic, Orosur Mining, and BHP. This appointment supports Pan American’s commitment to governance and growth.
Pan American Silver Corp. reported record Q2 2025 free cash flow of $233.0 million, boosting cash reserves to $1.1 billion. Silver production was 5.1 million ounces, gold at 178.7 thousand ounces. Net earnings hit $189.6 million ($0.52/share). The company announced a 20% dividend increase to $0.12/share and plans to acquire MAG Silver Corp., enhancing its silver production.
Hecla Mining Company reported record Q2 2025 revenue of $304.0 million, up 16%, with net income of $57.6 million ($0.09/share). Silver production rose 10% to 4.5 million ounces, gold up 34% to 45,895 ounces. Record free cash flow was $103.8 million. The company reduced its net leverage ratio to 0.7x and plans to redeem $212 million in Senior Notes.
Questcorp Mining Inc. has begun a 1,500m diamond core drilling program at its La Union Project in Sonora, Mexico, operated by Riverside Resources Inc. The program targets carbonate-hosted replacement deposit (CRD) mineralization, aiming to expand known zones and test new targets across four areas. This marks the first drilling at La Union, with potential for significant gold discoveries.
Guanajuato Silver received an explosives permit for its Pinguico project, enabling Q4 2025 underground development. The project targets a historic stockpile and high-grade veins, with mineralized material to be processed at El Cubo. Previous drilling showed significant gold and silver grades, justifying a 2026 exploration program to expand mineralization.
Silver Valley Metals Corp. has acquired two gold exploration projects, Leilipalo and Pasto, in Finland’s prolific greenstone belts for C$1.62 million in shares. Located near major gold deposits, these projects cover 10,348 hectares with extensive historical data and no Natura 2000 restrictions. The acquisition diversifies Silver Valley’s portfolio in a top mining jurisdiction, with plans for advanced exploration.
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