Mithril Silver and Gold (TSXV: MSG) engaged ICP Securities for market making (C$7,500/mo), Ignite Partners for APAC IR (US$31K/6 mo), SmallCaps IR for ASX visibility (AU$3K/mo), and Departures Capital for digital marketing (US$10.3K). All arm’s-length, no options issued.
Guanajuato Silver (TSXV:GSVR) reported positive operating cash flow of $3.1M for the first nine months of 2025. Q3 production: 457k AgEq oz; working capital improved $11.3M to +$4.6M. Increased capex targets higher efficiencies; cash position $11.6M pre-$31M financing close.
Heliostar Metals (TSXV: HSTR) has filed an updated NI 43-101 Technical Report (effective Oct 19, 2025) for its operating La Colorada gold mine in Sonora, Mexico. Report prepared by Mine Technical Services Ltd.; now available on SEDAR+ and company website.
Inomin Mines (TSXV: MINE) closed the sale of its Mexican subsidiary (holding La Gitana and Peña Blanca gold-silver projects) to Calu Royalty for $350,000 cash: $200,000 received, final $150,000 due within 6 months or upon title transfer. Transaction is arm’s length.
Santacruz Silver (TSXV: SCZ) Q3 2025: revenue $80M (+2% YoY), gross profit $20.2M (+28%), net income $16.3M, adjusted EBITDA $19.5M (+67%). Produced 3.42M AgEq oz (+30% YoY); paid off Glencore liability. Cash $40M, working capital $69M (+186% YoY). AISC $35.62/oz.
Minaurum Gold Inc. (TSXV: MGG) completed its 10,000 m Phase I infill drill program at the Alamos Silver Project (Mexico) and has begun a 25,000 m Phase II resource-expansion program. An inaugural resource estimate (covering only 3 of 13 high-grade vein zones) is expected soon, targeting a major update in 2026.
Silver Tiger Metals Inc. (TSXV:SLVR) closed a C$40M bought deal financing, issuing 54.8M common shares at C$0.73 each. Proceeds will advance exploration and development at the 100%-owned El Tigre silver-gold project in Sonora, Mexico, and support working capital. Underwriters led by BMO and Stifel received a 5.5% commission.
Avino Silver & Gold Mines Ltd. (TSX:ASM, NYSE:ASM) filed a prospectus supplement to increase its at-the-market (ATM) equity offering in the U.S. to US$60 million (from previous limit). Shares will be sold periodically through agents at prevailing market prices, providing flexible capital access. No obligation to sell; conditional TSX approval received.
Santacruz Silver (TSXV: SCZ) shareholders approved all matters at the Nov 25, 2025 AGM, including director elections, board change (Bruce Wolfson replaces Roland Löhner), and share consolidation to meet Nasdaq’s US$4 minimum bid price for proposed U.S. listing. Consolidation ratio and effective date to be announced.
Apollo Silver Corp. (TSX.V: APGO) engaged Equedia Network for 3-month marketing and communications services at a one-time fee of US$350,000. Equedia, an arm’s-length provider, currently holds 6,000 Apollo shares and may buy more. No shares or options issued as compensation. Engagement pending TSXV approval.
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