Vizsla Silver Corp. announced on January 20, 2025, resumption of limited operations at its Panuco silver-gold project in Mexico to advance test mine and feasibility study, following an accident investigation and safety measures. Exploration activities expected to restart within the next week; employee safety prioritized.
Defiance Silver Corp. (Jan 20, 2025) closed the first tranche of a private placement, raising C$732,200 via 3,661,000 units at C$0.20 each (each: 1 share + ½ warrant at C$0.35/24 months). Proceeds for exploration and working capital. Paid finders’ fees: C$24,132 cash + 120,660 warrants. Clarified prior placement commissions as C$149,690.60.
Colibri Resource Corp (TSXV: CBI) announced a non-brokered private placement of up to 10M units at $0.025 each for $250K proceeds. Each unit: one share + one warrant ($0.05 exercise, 24 months). Funds for exploration at Pilar and EP Gold Projects in Mexico and working capital. Also received TSXV final acceptance on prior placement (corrected to 6.11M units, $305.5K) and disclosure fix.
Riverside Resources outlined its 2025 corporate outlook: it has a strong balance sheet (≈ C$4M cash, no debt), aims to advance exploration in Canada and Mexico, spin out Ontario gold assets into a new company, push follow-up work at Cecilia with partner Fortuna Mining, expand BC gold/REE targets, pursue JV/sale deals, and grow its royalty and broader asset base.
Mexico’s mining sector is set to lead in 2025 global trade, leveraging $88,462 million in 2023 mineral trade. As the top silver producer with vast lithium reserves, Mexico attracts investment despite economic volatility. Digitalization and green technologies drive opportunities, with diversification ensuring stability, says Zulma Herrera, CEO of Mynotauro Co.
Goldgroup Mining Inc. closed acquisition of a Loan Facility on January 15, 2025, to enforce rights and acquire Minera Apolo (owner of fully permitted Pinos gold project in Mexico). Consideration: 50M shares, USD $0.5M cash (within 18 months), USD $1.5M contingent on milestones. Payments deferred until title obtained; subject to TSXV approval.
IMPACT Silver reported high-grade drilling results at its Plomosas Mine’s Juarez area, including 14.13 % Zn, 1.59 % Pb and 12 g/t Ag over 2.2 m, with a very high-grade section of 26.06 % Zn over 0.9 m. Other holes hit 30.1 % Zn intervals. Mineralization remains open and drilling continues.
“With the closing of this transaction, First Majestic is integrating a high-quality, long-life and positive free cash flow operation into our portfolio of producing mines in Mexico. Cerro Los Gatos is truly a world-class district with robust production and cost profile combined with meaningful exploration potential,” said Keith Neumeyer, President & CEO.
Kootenay’s President & CEO, James McDonald states, “These holes tested 3 areas; an undrilled area in the historically worked F vein, the B vein and D vein. The project continues to deliver excellent results.”
GoGold Resources Inc. announced the Feasibility Study for its Los Ricos South project in Jalisco, Mexico, on January 16, 2025. It shows after-tax NPV (5%) of US$355M, IRR 28%, 2.6-year payback (base case: Ag $26.80/oz, Au $2,330/oz). 15-year mine life, 80M payable AgEq oz, initial capex $227M, average AISC $12.78/oz AgEq.
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