Santacruz Silver Mining Ltd. reported strong Q2 2025 results with $73.3M in revenue (up 4%), $25.3M gross profit (up 59%), and $21.0M net income (up 1,348%) year-over-year. Adjusted EBITDA rose 68% to $26.8M, and cash reserves grew 691% to $57.8M. Despite a 15% drop in silver equivalent production, cost efficiencies improved, with AISC down 8% to $22.95/oz.
GR Silver Mining Ltd. announced promising results from its 2025 Step-Out Drilling Program at the San Marcial Area, Plomosas Project, Sinaloa, Mexico. Drill hole SMS25-08 intersected 19.9m at 250 g/t AgEq, including 1.3m at 954 g/t AgEq, and a new high-grade vein at 1,685 g/t AgEq. The program aims to expand the resource area, with ongoing drilling targeting further high-grade silver and gold mineralization.
EV Resources Limited signed an MOU with Wogen Resources and Xcelsior Capital for a US$2–3M debt facility to advance its Los Lirios Antimony Project in Mexico. Wogen gains exclusive offtake rights, and both partners will provide technical and market support. The non-binding MOU supports a 100-tonne-per-day processing plant, aligning with U.S. critical minerals priorities.
Torex Gold Resources Inc. completed its $26 million acquisition of Reyna Silver on August 20, 2025, following shareholder approval. The all-cash deal adds four early-stage exploration properties to Torex’s portfolio. Exploration will focus on Batopilas and Gryphon in 2025, with $1.6 million allocated, and expand to Guigui and Medicine Springs in 2026, aiming to create long-term shareholder value.
Sonoro Gold Corp. announces a non-brokered private placement of 3,500,000 units at CAD $0.15 each, raising CAD $525,000. Each unit includes one common share and one warrant, exercisable at CAD $0.22 for two years. Proceeds will fund the Cerro Caliche gold project in Sonora, Mexico, and working capital. The offering awaits TSX Venture Exchange approval.
Reyna Silver Corp. completed its acquisition by Torex Gold Resources Inc. via a court-approved plan on August 15, 2025. Shareholders received CAD $0.13 per share. Options, restricted share units, and warrants were vested, transferred, and cancelled for cash payments based on the share price minus exercise prices. Reyna Silver’s shares will delist from TSXV and OTCQB on August 21, 2025.
Tocvan Ventures Corp. appointed Christopher Gordon as Head of Corporate Development, leveraging his 18 years of mining sector experience to advance its gold and silver projects in Sonora, Mexico. Gordon’s past roles include key positions at Integra Gold and Integra Resources.
Questcorp Mining Inc. has completed 25% of a 1200-1500m drilling program at its La Union Project in Sonora, Mexico, operated by Riverside Resources Inc. The program targets carbonate-hosted replacement deposit (CRD) style mineralization, focusing on gold in mantos, chimneys, and structural zones. This maiden drilling phase aims to evaluate four key areas, with potential for significant gold discoveries.
Canasil Resources Inc. (Aug 19, 2025) announced results from its AGM held Aug 7, 2025. All resolutions passed with strong approval: directors Alvin Jackson, Gary Nordin, and Bahman Yamini re-elected; auditor appointed; stock option plan confirmed. 17.88% of shares voted.
Colibri Resource Corporation congratulates its joint venture partner, Tocvan Ventures, on securing a permit for a 50,000-tonne pilot mine facility near the Pilar Gold & Silver Project in Sonora, Mexico. The facility offers a cost-effective opportunity to process a bulk sample from Pilar, which previously yielded 1.9 g/t Au with 62% recovery. High-grade drill results and near-record gold prices enhance the project’s potential.
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