Month: August 2025

Fresnillo Plc Interim Results for the Six Months to 30 June 2025

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 in talks with government to unlock US $10B+ in stalled mining investment

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.

Odyssey Marine Exploration Announces Funding and Continued Progress Across Its Mineral Resource Project Portfolio

Odyssey Marine Exploration, Inc. (NASDAQ: OMEX) secured over $8 million in 2025 through stock purchases and warrant exercises, funding operations through year-end. This includes $7.6 million from 6.9 million shares, $506,000 from 460,000 warrants, and $2.5 million in converted notes. The company is advancing U.S. offshore mineral projects, Cook Islands initiatives, and a Mexico phosphate project, with updates at the August 21 Emerging Growth Conference.

Aura Announces Intention to Delist from Toronto Stock Exchange

Aura Minerals plans to voluntarily delist its common shares from the Toronto Stock Exchange (TSX) following its July 16, 2025 Nasdaq listing, aiming to consolidate U.S. trading and improve liquidity. The delisting timing is subject to TSX and Brazilian regulator approvals, and rights of holders of B3-listed BDRs will remain unaffected.

Alpayana Completes Privatization of Sierra Metals Inc.

Alpayana S.A.C. completed the privatization of Sierra Metals Inc. through an amalgamation with a subsidiary, forming Amalco, which retained the name Sierra Metals Inc. Sierra shareholders received one Amalco Series A preferred share per Sierra share, later acquired by Alpayana Canada for C$1.15 each. Amalco is now wholly owned by Alpayana Canada, with Sierra shares to be delisted from the TSX on August 6, 2025.

Regency Silver Announces 2025 Annual General and Special Meeting Results

Regency Silver Corp. announced that at its annual general and special meeting on August 1, 2025, in Vancouver, shareholders approved all proposed matters. These include setting the board to four directors, electing Bruce Bragagnolo, Michael Thomson, Michael Tucker, and Patrick Elliott as directors, re-appointing Manning Elliott LLP as auditors, and approving the stock option plan.

Goldgroup Retains VLP for Market-Making Services

Goldgroup Mining Inc. has engaged Venture Liquidity Providers Inc. (VLP) to provide market-making services for its common shares, pending regulatory approval. VLP will operate through W.D. Latimer Co. Ltd., receiving $5,000 monthly for three months, with automatic renewals. Goldgroup, a Canadian mining company, owns two high-growth gold assets in Mexico: Cerro Prieto and Pinos.

Mexico ranks 49th in attracting mining investment

Mexico climbed to 49th in the 2024 Fraser Institute’s Mining Investment Attractiveness Index, up from 74th in 2023, driven by a significant increase in its Geological Potential Index score (from 37.50 to 64.29). Political Perception Index improved slightly. Concerns include regulatory inconsistencies and environmental uncertainties, while geological database and political stability concerns eased. Mexico ranks below several Latin American peers but above Brazil, Ecuador, and Colombia.

Kootenay Completes NI 43-101 Technical Report Detailing 54 Moz at 284 gpt Silver Mineral Resource Estimate at Columba Project, Recommences Extension Drilling

Kootenay Silver Inc. announced the filing of an NI 43-101 technical report for the first Mineral Resource Estimate of its Columba Silver Project in Chihuahua, Mexico. The Inferred Mineral Resource is 5.92 Mt grading 284 gpt silver, 0.19% lead, and 0.50% zinc. Drilling has resumed to extend mineralized zones, with all veins open to depth.

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