Month: August 2025

Discovery Silver Corp. became a Canadian gold producer after acquiring the Porcupine Complex on April 15, 2025. Q2 2025 saw 50,552 oz of gold produced, generating $142M in revenue. Net earnings were $5.5M ($0.01/share), with adjusted earnings at $28.4M ($0.04/share). Operating cash flow was $67.1M, free cash flow $27.3M, with a strong cash position of $252.5M.

Prime Mining Corp. reported strong Q2 2025 results, with $32.7M in cash after 97% of warrants exercised. The company selected Ausenco for the Los Reyes Gold-Silver Project PEA. On July 28, Torex Gold proposed acquiring Prime, offering shareholders a premium and participation in Torex’s assets. Drilling paused due to security issues in Sinaloa. The transaction awaits approvals, expected to close in H2 2025.

Fortune Bay Corp. advances its 100%-owned Goldfields Project in Saskatchewan and Poma Rosa Project in Mexico, focusing on key milestones. The Goldfields Updated PEA is on track for Q3 2025, with permitting and drilling planned. Poma Rosa progresses with community consultations and a planned NI 43-101 MRE update. Enhanced marketing and technical appointments support growth.

Endeavour Silver Corp.’s 2025 AGM saw shareholders approve all business items, with 137,600,042 votes (50.23% of shares) cast. All seven director nominees were re-elected, with approval rates from 82.59% to 99.22%. Shareholders also approved setting the board at seven directors (98.50%) and re-appointing KPMG LLP as auditor (86.58%). Ricardo Campoy retired after 14 years, praised for his leadership.

Orla Mining Ltd. reported a record Q2 2025 with 77,811 ounces of gold produced and 78,911 ounces sold. All-in sustaining cost was $1,421/oz. Net income reached $48.2 million ($0.15/share), with adjusted earnings at $64.2 million ($0.20/share). A pit wall event at Camino Rojo led to revised 2025 guidance of 265,000–285,000 ounces at $1,350–$1,550/oz AISC. Cash stood at $215.4 million.

Reyna Silver Corp. announced that its securityholders overwhelmingly approved a special resolution for a statutory plan of arrangement with Torex Gold Resources Inc. at a meeting on August 11, 2025. The transaction, approved by 96.068% of shareholders and 97.067% of all securityholders, is set to close on August 20, 2025, pending a final court order and other conditions.

Vizsla Silver Corp. announced that Odyssey Trust Company has replaced Computershare Trust Company as its transfer agent effective August 11, 2025. Shareholders need no action. Odyssey Trust can be contacted at their Vancouver office, via phone (1-587-885-0960 or toll-free 1-888-290-1175), email ([email protected]), or website. Vizsla Silver focuses on its Panuco silver-gold project in Mexico, targeting 15.2 Moz AgEq annually.

Newmont Corporation’s tender offers for $2B in notes saw $362.1M (2.800% 2029) and $556.6M (2.250% 2030) fully accepted, with $81.3M (3.250% 2030) at 21% proration in Pool 1. In Pool 2, $430.6M (6.250% 2039) and $387.7M (4.875% 2042) were fully accepted, with $181.8M (5.750% 2041) at 79% proration. Offers expire August 25, 2025.

Guanajuato Silver Company Ltd. announced the final tabulation for its oversubscribed non-brokered LIFE private placement, raising $18M through 60M units at $0.30 each. Each unit includes one common share and one-half warrant, exercisable at $0.45 for 36 months. The offering, set to close around August 18, 2025, awaits TSX Venture Exchange approval. Proceeds will enhance financial flexibility for growth opportunities.

Sailfish Royalty Corp. announced a Normal Course Issuer Bid to repurchase up to 3,767,749 shares (5% of outstanding shares) from August 12, 2025, to August 11, 2026, at market prices. The company sold its Gavilanes Silver Project, receiving US$50,000, 16.8M AML shares, 33.6M performance rights, and a 2% NSR royalty.