Grupo México, led by billionaire Germán Larrea, offered to buy up to 100% of Citigroup’s Banamex, valuing it at ~US$2.6B, after failed 2023 talks. The proposal respects Fernando Chico Pardo’s recent 25% stake purchase. Citi prefers an IPO but will review the offer. Grupo México’s stock fell 18.8% amid the news.
Torex Gold Resources Inc. reported high-grade assay results from its 2025 ELG Underground drilling program in Mexico, focusing on El Limón Sur and Sub-Sill trends. Notable intercepts include 21.2m at 28.13 gpt AuEq and 24.6m at 17.06 gpt AuEq. New second-order structures and extended mineralization support resource expansion and reserve replacement, aiming to extend mine life beyond 2029.
Southern Silver Exploration Corp. mobilizes crews for up to 12,000m drilling on the new Puro Corazon claim, adjacent to its Cerro Las Minitas project in Mexico. The program integrates historic data, sampling, and Lidar survey to expand the Skarn Front deposit, targeting resource growth and synergies for an updated PEA in Q1 2026. Options granted to key personnel.
Pantera Silver Corp. (TSXV: PNTR) announces a non-brokered private placement of up to 5M units at $0.50 each, targeting $3.5M. Each unit includes one common share and half a warrant (exercisable at $0.75 for 2 years). Proceeds for exploration, acquisitions, and working capital. Subject to TSXV approval and 4-month hold.
Mexican Gold Mining Corp. (TSXV: MEX) has arranged a non-brokered private placement of up to 10M units at $0.085 each, targeting $850K in proceeds. Each unit comprises one share and one warrant (exercisable at $0.12 for 3 years). Funds for working capital; subject to TSXV approval and 4-month hold period.
Quetzal Copper Corp. (TSXV: Q) received conditional TSX Venture Exchange approval for its reverse takeover of Silverco Mining Corp. The deal, closing ~Oct. 16, 2025, will rename Quetzal to Silverco Mining Ltd. (SICO) as a Tier 2 mining issuer. Full details in the Oct. 3 Filing Statement on SEDAR+.
Vizsla Royalties (TSXV: VROY) congratulates Vizsla Silver on its third annual sustainability report, highlighting progress in environmental rehabilitation (e.g., tailings facilities, 5,000 native trees planted), social investment (US$205K in 2025, >US$600K cumulative), and strengthened ESG governance. Vizsla Royalties also engaged SRC Swiss Resource Capital AG for European IR services.
Colibri Resource Corporation plans two non-brokered private placements: an equity offering of 8,666,666 units at $0.15, raising up to $1.3 million, and a debenture offering of 250 convertible debenture units for up to US$250,000. Proceeds will fund exploration at Mexican gold projects, Pilar and EP, and general working capital, while strengthening the balance sheet. Closing requires TSX Venture Exchange approval.
Heliostar Metals Ltd. reports strong drill results from its Ana Paula project, including 88.05m at 8.82 g/t gold and 35.5m at 13.03 g/t gold. A third drill rig accelerates the 15,000m program, aiming to convert inferred ounces, support the Feasibility Study, and target 100,000 oz/year production by 2028. Drilling continues, with results expected in November.
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