Sierra Madre Gold and Silver reported Q3 2025 revenues of US$5.5M, gross profit US$1.7M, and 153,583 AgEq oz sold at AISC US$34.42/oz. Adjusted EBITDA rose 27% to US$1.86M despite power outages. Plant expansion to 750-800 tpd by Q2 2026 underway; US$3.5M East District exploration started.
Kingsmen Resources upsized its non-brokered private placement to $4.016M, issuing up to 2.975M units at $1.35 each. Each unit: one share + half warrant (exercisable at $1.90 for 2 years). Proceeds advance Las Coloradas Silver/Gold project in Mexico and working capital. Subject to TSXV approval; four-month hold.
Americas Gold and Silver upsized its bought deal private placement to US$115M, issuing 28.75M shares at US$4.00 each, led by Canaccord Genuity and BMO. Underwriters option for additional US$17.25M. Proceeds fund Crescent Mine acquisition, capital, and working capital. Closing ~Dec 3, 2025.
Zacatecas Silver finalized land-access agreements for its El Cristo Target drill program at the Zacatecas Silver Project in Mexico, enabling full access to the 3km vein system. With SEMARNAT permits underway, the company aims to test high-grade silver extensions, building on prior results like 829 g/t AgEq over 0.65m.
Prismo Metals Inc. upsized and closed its non-brokered private placement to 17.45 million units at $0.10 each, raising $1.745 million. Warrants amended to one full per unit at $0.175 exercise price for 36 months, sans acceleration clause. Proceeds for Silver King drilling and corporate purposes; more subscriptions expected.
Xali Gold finalized a Definitive Agreement with KCA to transfer rights to the El Oro Tailings Project in Mexico. KCA will process and sell gold/silver from 1.27M tonnes (2.94 g/t Au, 75.12 g/t Ag), paying Xali a 4% NSR (min 3%). KCA paid $200K; recoveries estimated at 78% Au, 86% Ag.
Pinnacle Silver and Gold reported high-grade sampling at La Dura mine, El Potrero Au-Ag project, Mexico: 162 g/t AgEq over 12.48m, extending Dos de Mayo vein mineralization to 500m. New zone discovery with up to 4.51 g/t Au and 269 g/t Ag; undrilled potential for expansion.
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