Southern Silver Exploration Corp. closed a bought deal LIFE private placement, raising C$6M by issuing 12M common shares at C$0.50 each (including over-allotment). Proceeds to advance Cerro Las Minitas project, working capital, and general purposes.
McEwen Mining Inc. secured key environmental permit extension for El Gallo Mine in Mexico. Mill construction starts mid-2026; first gold pour mid-2027. Phase 1: ~20,000 oz GEOs/year from reprocessing leach pads (~$25M capex). Phase 2 targets silver deposits for extended mine life.
Silver Wolf Exploration Ltd. has completed the acquisition of 100% interest in the Ana Maria and El Laberinto properties in Mexico from Avino Silver & Gold Mines Ltd., issuing 2,000,000 shares (valued at C$400,000) and fulfilling prior commitments.
Orla Mining Ltd. has appointed Joanna Pearson as an independent non-executive director, effective immediately. With over 25 years in mining finance, including as CFO of Endeavour Mining and Deloitte Audit Partner, she holds ICD.D and CPA designations. Chairman Chuck Jeannes praised her expertise.
Regency Silver Corp. announced a second upsize of its brokered LIFE private placement to $3.5 million (20M units at $0.175 each), led by Centurion One Capital, plus a concurrent non-brokered placement up to $87,500. Proceeds fund Dios Padre project drilling and working capital. Closing expected ~December 19, 2025.
Kenadyr Metals Corp. (soon Algo Grande Copper Corp.) closed an oversubscribed $3.8M subscription receipt financing at $0.375 each to fund the Adelita Copper Project acquisition, exploration, and working capital. Tied to TSXV reactivation; closing December 16, 2025.
EV Resources Ltd. (ASX: EVR) announced exceptional 90.8% antimony recovery via simple gravity processing at Los Lirios Project, Mexico, outperforming flotation. Supports low-CAPEX plant restart; high-grade sulphide potential at 99.2% recovery. Advancing engineering for year-end decision and January 2026 drilling.
First Majestic Silver Corp. reports 2025 exploration success at Santa Elena, Mexico: Expanded mineralization at Santo Niño (>1,100m strike) and Navidad (>1,200m); highlights include 6.30 g/t Au & 214 g/t Ag over 6.2m. High recoveries (>95%); scoping underground mining. Announces Mani Alkhafaji as President effective Jan 1, 2026.
Heliostar Metals Ltd. notes positive Mexican government commentary on permitting for its La Colorada gold project in Sonora. The Veta Madre open-pit expansion permit, applied for in Q2 2025 and fully submitted by November, is expected to be automatically approved via “positiva ficta” in Q1 2026, enabling mining restart.
Pinnacle Silver and Gold Corp. is preparing an underground drill program at its El Potrero project in Durango, Mexico, targeting high-grade gold-silver in the Dos de Mayo vein. Plans include 112 holes (~2,600m) over 6 weeks, testing 500m strike. High grades: up to 85.1 g/t Au, 520 g/t Ag underground; 37.4 g/t Au, 2,280 g/t Ag surface. Development starts early 2026.
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