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.
Goldgroup Mining Inc. closed a CAD $12 million private placement, issuing 15 million units at $0.80 each, including shares and warrants. Eric Sprott acquired 1.875 million units. Proceeds will fund strategic mining asset acquisitions to enhance shareholder value, though no suitable project has been finalized. Securities are subject to a hold period until December 6, 2025.
Aura Minerals Inc. reported record Q2 2025 Adjusted EBITDA of US$106M, up 100% from Q2 2024, driven by higher gold prices (US$3,185/oz) and production (64,033 GEO). Net revenue rose 42% to US$190.4M. Key milestones included Borborema’s ramp-up, MSG acquisition, and a successful Nasdaq IPO. The company approved a 7.4% dividend yield and expects to meet 2025 guidance.
Gold Resource Corporation reported Q2 2025 results for its Don David Gold Mine, producing 2,420 gold equivalent ounces. Despite lower production due to aging equipment and limited production zones, the company secured $6.28 million in loans and $5.6 million via ATM sales to fund equipment upgrades and development. Net loss was $11.5 million, with high cash costs impacting profitability.
Orogen Royalties Inc. signed an agreement with Fresnillo plc, selling its Los Coyotes silver-gold project in Sonora, Mexico, for US$118,000 upfront and US$1 million upon commercial production. Orogen retains a 1% NSR royalty. The undrilled project, part of the Laramide porphyry copper belt, features high-grade silver-gold mineralization, with samples up to 6.81 g/t gold and 927 g/t silver.
Endeavour Silver Corp. reported steady progress at its Terronera mine in Jalisco, Mexico, for July 2025. The mine milled 57,080 tonnes, averaging 1,841 tonnes per day (tpd), with current rates between 1,900 and 2,000 tpd. Silver and gold recoveries averaged 71% and 67%, respectively, since July 16. Higher-grade material processing is expected to boost recoveries, with a focus on sustaining 2,000 tpd throughput as the mine advances toward commercial production.
Orla Mining updates on Camino Rojo pit wall event (July 23): no injuries/damage. Action plan includes 50-80m north wall pushback, removing 9Mt oxidized ore (0.74 g/t Au) for heap leach. Revised 2025 guidance: 265-285koz gold, cash costs $900-1,100/oz, AISC $1,350-1,550/oz due to deferred production.
Fresnillo plc reported a strong 1H25 with a 27.1% rise in adjusted revenues to US$1,982.9m, driven by higher gold and silver prices. Gold production increased 15.9% to 313.8 koz, while silver production fell 11.7% to 24.9 moz. EBITDA surged 102.5% to US$1,102.1m, and free cash flow reached US$1,026.1m. An interim dividend of 20.8 US cents per share was declared.
Southern Copper Corporation is negotiating with the Mexican government to unlock over $10.2 billion in stalled mining investments, including projects in Angangueo, Chalchihuites, El Arco, and El Pilar. Over $600 million will be invested by 2025 to modernize infrastructure and enhance sustainability, pending environmental and operational approvals, strengthening SCC’s position as a leading copper producer.
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