Day: August 21, 2025

Sierra Madre Gold and Silver Ltd. reported Q2 2025 revenues of $5.4M and a gross profit of $1.3M from La Guitarra mine, despite weather-related disruptions. The company sold 173,562 silver equivalent ounces. A C$19.5M private placement closed post-quarter to fund equipment purchases, mine improvements, and a 20,000-meter exploration program.

Goldgroup Mining Inc. announced a non-brokered private placement of up to 5,000,000 units at $0.80 each, aiming to raise $4,000,000. Each unit includes one common share and one-half warrant, exercisable at $1.10 for 24 months. Proceeds will fund acquisition opportunities to enhance the company’s mining portfolio, particularly for its Cerro Prieto mine, pending TSX Venture Exchange approval. Securities are subject to a four-month hold period.

Guanajuato Silver Company Ltd. closed an C$18M non-brokered private placement, selling 60M units at C$0.30 each. Funds will upgrade mining equipment, enhance processing facilities, and expand exploration at its Mexican silver mines. The offering included warrants and involved finders and advisors receiving fees and warrants. Units are free-trading in Canada, with restrictions in the U.S.

Xali Gold Corp. filed its audited financial statements for the year ended March 31, 2025, on August 16, 2025, available on SEDAR+ and the company website. The TSX Venture Exchange is reviewing Xali Gold’s listing status post-trading halt, with the company aiming to resume trading. Two El Oro concessions were cancelled, and seven more were unlawfully cancelled without notice; legal recourse is being pursued.

Santacruz Silver Mining Ltd. reported strong Q2 2025 results with $73.3M in revenue (up 4%), $25.3M gross profit (up 59%), and $21.0M net income (up 1,348%) year-over-year. Adjusted EBITDA rose 68% to $26.8M, and cash reserves grew 691% to $57.8M. Despite a 15% drop in silver equivalent production, cost efficiencies improved, with AISC down 8% to $22.95/oz.