Year: 2025

“Michael’s impact on MAG Silver cannot be overstated. His strategic insight, tireless advocacy for the Company, and dedication have left a lasting legacy. We wish Michael continued strength in his health journey and wish him all the very best in his retirement,” said George Paspalas, President and CEO of MAG Silver.

The Company produced 26,531 ounces of gold in the fourth quarter, bringing total annual gold production for 2024 to 136,748 ounces. As a result, the Company achieved its improved full-year 2024 production guidance range of 130,000 to 140,000 ounces, representing a 19% beat to the mid-point of its initial production 2024 guidance of 110,000 to 120,000 ounces.

Pan American Silver (Jan 15, 2025) achieved 2024 guidance: 21.1M oz silver (guidance 21-23M), 892K oz gold (868-988K), base metals met. Record cash/short-term investments $887.3M (+$417.4M YoY, incl. $306.6M La Arena sale). Liquidity $1.64B entering 2025; 2025 guidance Feb 19.

Minera Alamos extended its US$400,000 Auramet loan maturity from November 29, 2024, to May 29, 2025, with TSXV approval. Paid extension fee of US$400,000 by issuing 1,901,648 shares at C$0.2949 each. Extension supports ongoing permitting for Cerro de Oro gold project amid anticipated 2025 improvements.

Quetzal Copper Corp. announced (January 15, 2025) a TSX Venture Exchange-approved extension until February 17, 2025, for its non-brokered private placement of up to 6,666,666 non-flow-through units at C$0.15 each, targeting C$1,000,000 gross proceeds for exploration and general corporate purposes.

Luca Mining Corp. is pleased to announce it has been named to the 2025 OTCQX® Best 50, a ranking of top performing companies traded on the OTCQX Best Market last year.

N. Eric Fier, CEO commented, “For a second consecutive year since declaring commercial production, the Las Chispas operation has exceeded expectations on numerous operational metrics and done so in a safe manner, with no lost time injuries recorded. These outstanding achievements are a direct result of the exceptional efforts by our employees in Mexico and Canada and I would like to thank them all for their contributions in 2024.”

“At current metal prices we expect to generate strong operating cash flows that will fund our capital investment program and service our debt obligations. Most importantly, I believe we are poised to continue delivering strong long-term value for all shareholders.”

Avino Silver & Gold Mines has begun underground development at its 100 %-owned La Preciosa silver project after receiving all required permits. Work includes advancing a 350-metre access decline toward high-grade veins, funded from cash reserves. This milestone supports La Preciosa’s progression toward production and local economic benefits while leveraging existing mill infrastructure.

“As we look ahead to 2025, our strategic focus remains firmly on advancing the commissioning of our Terronera project and integrating it into our production profile,” commented Dan Dickson, Chief Executive Officer.