Month: August 2025

Apollo Silver Corp. has engaged Creative Direct Marketing Group, Inc. for a US$1.62 million marketing campaign to boost investor awareness from September to November 2025. The campaign includes online and direct mail efforts, pending TSX Venture Exchange approval. Additionally, Apollo granted 4.42 million stock options, 2.35 million RSUs, and 1.4 million DSUs to employees, officers, directors, and consultants under its Omnibus Incentive Plan.

Starcore International Mines Ltd. reported Q1 2026 production results from its San Martin Mine in Mexico. The mine produced 166 gold equivalent ounces from 5,370 tons of carbonaceous ore, with gold and silver recoveries of 75% and 65%. The CIL process was optimized, and oxide ore from the San Jose Mine area showed lower recoveries due to preg-robbing clays.

Reyna Silver Corp. received final court approval from the Supreme Court of British Columbia for its plan of arrangement with Torex Gold Resources Inc. The transaction is set to close on August 20, 2025. Reyna Silver will apply to delist its shares from the TSX Venture Exchange and halt trading after market close on August 19, 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.

Equinox Gold reported Q2 2025 production of 219,122 gold ounces, with cash costs at $1,478/oz and AISC at $1,959/oz. Revenue reached $478.6M, with adjusted EBITDA of $200.5M. The Calibre acquisition boosted scale, while Greenstone and Valentine projects progressed. The company maintains 2025 guidance of 785,000-915,000 ounces, targeting operational excellence and debt reduction.