James McDonald, President & CEO of Kootenay commented: “We are delighted to announce Kootenay’s graduation from the Pink Market to the OTCQX Market. This will allow greater access and visibility for the Company as we advance our Columba high-grade silver discovery located in the Chihuahua State, Mexico.”
Fortuna Mining Corp. reported updated Mineral Reserves and Resources as of Dec 31, 2024: Proven & Probable Reserves at 2.7M gold equivalent ounces (down 11% YoY after depletion); Measured & Indicated Resources (exclusive) at 1.5M GEOs (up 36%); Inferred at 2.2M GEOs (up 29%). Gains from drilling offset production depletion across mines and projects.
Avino Silver & Gold Mines reported record 2024 financial results, with highest-ever revenues, gross profit, earnings, cash flow and cash balance. Full-year revenue rose about 51%, net income and adjusted earnings surged sharply, and cash strength hit an all-time high, driven by higher production, better costs and strong metal prices, positioning the company well for growth.
Endeavour Silver reported Q4 2024 financial and operating results for the period ended Dec 31, 2024, with revenue up year-over-year and solid mine cash flow, though production was lower and the company posted a net loss. Management highlighted strong liquidity and progress on Terronera and Pitarrilla.
Tocvan Ventures core drilling at Gran Pilar Gold-Silver Project returned 10.3 g/t Au over 9.7m (incl. 60.6 g/t Au over 1.6m) within 83.5m of 1.3 g/t Au in hole JES-25-104; highest-grade since discovery. Another hole hit copper-silver. Advancing pilot mine permitting. (March 11, 2025)
Goldgroup Mining Inc. announced on March 11, 2025, a non-brokered private placement of up to 23,333,334 units at $0.30 each for gross proceeds of $7 million. Each unit includes one share and one-half warrant (exercisable at $0.45 for 24 months). Proceeds for mine improvements, PEA update, debt reduction, working capital; subject to TSXV approval.
“These near-surface high-grade results showcase the rapid development potential of Pilar.” commented, CEO Brodie Sutherland.
Stephan Jansma, Trafigura Group Chief Financial Officer said: “ We are pleased to have successfully refinanced our flagship European revolving credit facility, reaffirming the strong and ongoing support of our global banking community. The European revolving credit facility remains a cornerstone of our funding strategy, ensuring sustained access to capital and reinforcing our robust liquidity position.”
Hector Gonzalez, CEO of Candelaria commented: “This resolution allows Candelaria to strengthen its financial position and focus on future strategic opportunities while eliminating the financial obligations associated with the medium-term loan facility with Goldgroup”.
Canuc Resources Corporation (TSXV: CDA, OTCQB: CNUCF) announced on March 7, 2025, terms for a non-brokered private placement: 5M–32M units at $0.10 each (1 share + 1 warrant exercisable at $0.15 for 2 years), raising min. $500K to max. $3.2M. Proceeds fund MacDonald Mines acquisition and asset development; conditional on arrangement agreement and TSXV approval.
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