Day: August 14, 2025

Minera Alamos Inc. closed its C$110 million private placement due to strong investor demand, led by Stifel Canada. The funds will finance the $115 million acquisition of Calibre USA from Equinox Gold, including the Pan Gold Mine, Gold Rock, and Illipah projects in Nevada. The deal includes $90 million cash and $25 million equity, with closing expected in mid-September 2025.

Avino Silver & Gold Mines reported Q2 2025 revenues of $21.8M (up 47%), net income of $2.9M, and record mill throughput of 190,987 tonnes. EBITDA rose 118% to $7.4M, with lower cash costs. La Preciosa development advanced, and working capital grew to $40.6M. The company gained inclusion in major mining indexes and published its inaugural sustainability report.

First Majestic Silver Corp. reported a robust Q2 2025 with a 48% increase in silver equivalent production (7.9M ounces) and record revenue of $264.2M, up 94% year-over-year. Net earnings reached $56.6M, driven by higher mine operating earnings and a tax recovery. Cash flow hit $114.9M, with a record treasury of $510.1M. A $0.0048 per share dividend was declared.

Oroco Resource Corp. congratulates Hudbay Minerals Inc. on its $600M deal with Mitsubishi for a 30% stake in the Copper World project, valuing it at $1.4B. This underscores the demand for high-quality copper projects. Oroco’s Santo Tomás project, sharing similar traits, is advancing toward a Pre-Feasibility Study, positioning it as a premier copper development opportunity.