Month: August 2025

McEwen reported improved Q2 2025 financials with net income of $3.0 M vs. a loss last year, higher adjusted EBITDA and stronger cash/liquidity. Revenue of $46.7 M came from 14,549 gold equivalent ounces sold. Costs are expected to decline in H2. McEwen reaffirmed guidance and continues investments in development and exploration as it pushes toward doubling gold and silver production by 2030.

Fortuna Mining Corp. reported Q2 2025 results: net income $42.6M ($0.14 EPS), adjusted $44.7M ($0.15 EPS); sales $230.4M (up 18% QoQ); 71,229 GEO produced from continuing operations; AISC $1,932/GEO; free cash flow $57.4M; liquidity $537.3M. On track for 2025 guidance; strong EBITDA margin 55%.

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.