“We are very pleased to welcome Enrique back to the Xali Gold team and in the role of Exploration Manager to lead our exploration in Mexico, Peru and other parts of South America,” says Joanne Freeze, Xali Gold President and CEO.
Fortuna Mining Corp. reported Q1 2025 production of 103,459 gold equivalent ounces (91,893 oz gold), down from prior periods due to San Jose’s care and maintenance. Key contributions: Séguéla (38,500 GEOs), Yaramoko (33,073), Lindero (20,320), Caylloma (11,566). Reaffirmed 2025 guidance of 380-422k GEOs; Lindero expansion completed.
“We are excited to be back drilling the expansion zone where recent results returned high-grade gold at surface.” commented, CEO Brodie Sutherland. “Following up on our success, testing the northern edge of known mineralization with drilling will provide us with further insight on the resource potential.”
Marc Prefontaine, President and CEO states, “We are very pleased that such an early-stage drill program successfully intersected mineralization in 8 of the 13 drill holes completed to date, with all drill holes intersecting anomalous mineralization. This maiden drill program marks the first time this extensively altered area has been drill tested.”
“Our Q1 production results highlight the strength of our operations and our focus on consistent, efficient performance,” said Dan Dickson, Chief Executive Officer. “This steady momentum lays a solid foundation for the quarters ahead, as we sharpen our operational focus and prepare to bring Terronera into production.”
GoGold Resources Inc. reported Q2 production (quarter ending March 31, 2025) at its Parral project of 555,479 silver equivalent ounces, including 210,289 silver ounces, 3,279 gold ounces, 117 tonnes copper, and 157 tonnes zinc. This is slightly up from 551,337 AgEq oz in the prior quarter, generating strong cash flow to fund exploration at Los Ricos.
First Majestic Silver produced 7.7 million silver-equivalent (AgEq) ounces in Q1 2025, a 49% year-over-year increase, including a record 3.7 million silver ounces (up 88%) along with gold, zinc and lead. Stronger output was driven by higher silver production and contributions from Cerro Los Gatos and improved results at San Dimas.
Miguel Aramburu, Chair of the Board, commented: “Alpayana continues to offer an inadequate price that undervalues Sierra Metals and does not reflect full and fair value for the Common Shares of the Company.”
Heliostar CEO, Charles Funk, commented, “Heliostar closed the first quarter of 2025 with a US$27M (C$38M) cash balance, over half of which was generated from operating profits. This places the Company in a strong position to achieve our planned production and resource growth goals.”
Gold Resource Corporation reported 2024 year-end results: its Don David Gold Mine in Oaxaca faced lower production due to low-grade ore, equipment issues and a wet season, yielding 18,580 gold equivalent ounces sold with high costs. Cash fell to $1.6 M and working capital to $2.1 M. The company is planning mining and mill upgrades to boost output and cash flow.
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