Month: August 2025

Mithril Silver and Gold (ASX: MTH, TSXV: MSG) has started trading on the OTCQB Venture Market in the U.S. under the symbol MTIRF. This move aims to boost visibility, expand the shareholder base, and improve access to U.S. capital markets, supporting the company’s growth in the Copalquin Gold-Silver District, while continuing to trade on ASX and TSX.V.

United States Antimony Corporation reported a 160% revenue increase to $17.53 million, 183% gross profit growth to $5.21 million, and a 707% net income rise to $728.1K for the first six months of 2025. Antimony sales surged 203% to $15.56 million, and zeolite sales grew 24% to $1.98 million. The company acquired a tungsten mine and holds a $10.4 million antimony inventory.

Masivo Silver Corp. is advancing its Boston Mine project in Nevada, negotiating nearby acquisitions, and awaiting assay results. In Mexico, a $75,000 drill credit will fund Q4 2025 drilling at Cerro Colorado. A $1.2M financing round is set to close August 15, 2025, to support drilling in both regions. Delayed financial filings due to Mexican data issues prompted a voluntary management cease trade order application, with audits expected by August 31, 2025.

Empress Royalty Corp. reported a 230% revenue increase to US$6.55M for the six months ended June 30, 2025, with net revenue of US$4.48M. The company achieved positive operating cash flow of US$4.55M and net income of US$1.58M, a significant improvement from a US$0.99M loss in 2024. Adjusted EBITDA was US$3.90M, reflecting strong partnerships and disciplined execution.

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.