Torex Gold (TSX: TXG; OTCQX: TORXF) completes acquisition of Prime Mining via arrangement, adding Los Reyes Au-Ag project in Mexico (Indicated: 1.5Moz Au, 54Moz Ag; Inferred: 538koz Au, 21.6Moz Ag). Prime shareholders receive 0.06 Torex shares each (~10.2M total); Prime to delist. PEA targeted mid-2026.
Fresnillo PLC’s Q3 2025 production: 11.7 Moz attributable silver (down 6.6% QoQ, 19.1% YoY due to San Julián DOB cessation and lower grades/volumes); 151.3 koz gold (down 4.1% QoQ, 3.5% YoY). YTD: silver -14.2%, gold +8.8%. By-products mixed. On track for unchanged 2025 guidance; prioritizing safety and efficiency.
Questcorp Mining Inc. revised its non-brokered private placement on October 21, 2025, offering up to 23,333,334 units at C$0.15 each for gross proceeds of up to C$3.5M. Each unit: 1 share + ½ warrant (exercise C$0.20 for 24 months, accelerable at C$0.50 for 10 days). Proceeds fund La Union (Mexico) and North Island Copper exploration plus working capital. UK investor participation expected; subject to approvals.
Advance Metals (ASX:AVM) appoints David O’Connor as Non-Executive Chairman, with 40+ years mining experience including AbraSilver’s Diablillos growth from 129Moz to 350Moz AgEq. Bolsters Mexican silver-gold assets (~100Moz AgEq). Remuneration: A$125K + 2M performance shares. Craig Stranger to Non-Exec Director; Joshua Gordon resigns.
Vortex Metals Inc. (TSXV: VMS; FSE: DM8; OTCQB: VMSSF) closed second tranche of non-brokered private placement, issuing 2.625M units at $0.04 for $105K. Total raised: $805K from 20.125M units (1 share + 1/2 warrant at $0.08/36mo, acceleration if $0.15/10 days). Proceeds: concessions, exploration, working capital. TSXV approval pending.
Silver Storm Mining has commenced rehabilitation at its La Parrilla Silver Mine in Mexico. Dynamic Engineering is leading plant rehab, expanding the sulphide circuit 25% to 1,250 tpd (7-9 months). Long-lead items ordered; underground works (drift cleaning, ventilation) underway. SRK reviews restart plan, targeting potential Q2 2026 production.
Pinnacle Silver and Gold Corp. (TSXV: PINN; OTC: PSGCF) appoints Carlos Castro Villalobos as Project Manager for El Potrero Au-Ag project in Durango, Mexico. Jorge Ortega, P.Geo., continues as Exploration Manager, supervising sampling in the epithermal system. Experienced team targets production.
Fortune Bay Corp. (TSXV: FOR) announces an $8M bought deal private placement: 1.44M flow-through shares at $1.39 ($2M proceeds) and 6M common shares at $1.00 ($6M). Funds support Goldfields Gold Project exploration, permitting, Poma Rosa activities, and working capital. Underwriters’ $2M over-allotment option. Closes ~Oct. 30, 2025, subject to approvals.
Advance Metals (ASX:AVM) establishes Mexico Advisory Board with mining experts Douglas Coleman (35+ years in-country, founder Mexico Mining Center) and Trevor Woolfe (ex-VP GR Silver, global exploration consultant) to accelerate silver-gold growth (>100Moz AgEq Foreign Estimates, targeting 200Moz). Drilling resumes at Yoquivo imminently, maiden programs at Guadalupe y Calvo/Gavilanes early 2026. Fadi Diab resigns; $13M placement funds strategy.
Tocvan Ventures mobilized equipment to North and South Blocks of Gran Pilar Gold-Silver Project on Oct 20, 2025, advancing road access, site clearing, trenching, drilling (first rig to North Alteration Zone), and pilot mine preparation; targeting new zones with upcoming milestones including 2,000-8,000m drilling.
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