Year: 2025

Sonoro Gold Corp. submitted a revised Environmental Impact Statement (MIA) for its Cerro Caliche gold project in Sonora, Mexico, to SEMARNAT in February 2025. The updated MIA enhances the mine plan and environmental stewardship. The project, a 9-year open-pit heap leach operation, has secured all concession and surface rights, aiming for sustainable gold production.

GoGold Resources Inc. reported Q2 2025 production of 555,500 silver equivalent ounces from its Parral mine, including 201,616 silver ounces, 3,100 gold ounces, 128 tonnes of copper, and 140 tonnes of zinc. The company’s strong cash flow from Parral supports exploration and engineering at Los Ricos, positioning GoGold well for the anticipated construction start at Los Ricos South.

First Majestic Silver Corp. reported a Q2 2025 production of 7.9 million silver equivalent ounces from its four Mexican mines, up 48% from Q2 2024. Silver production rose 76% to 3.7 million ounces. The company revised its 2025 guidance upward, expecting 30.6-32.6 million AgEq ounces, driven by strong performances at Los Gatos, Santa Elena, and San Dimas.

Fortuna Mining Corp. reported Q2 2025 production of 71,229 gold equivalent ounces (GEO) from ongoing operations, with 61,736 ounces of gold. Séguéla and Lindero mines performed strongly, while Caylloma maintained consistent output. The company completed the sale of Yaramoko and San Jose mines, reiterating 2025 GEO guidance of 309,000–339,000 ounces.

Mithril Silver and Gold Limited announced a private placement of 27,778,000 shares at C$0.36 each, raising C$10,000,080. The proceeds will fund exploration at the Copalquin project in Mexico and general corporate purposes. The offering, led by Ventum Financial Corp., includes an option for an additional 15% of shares and is set to close on July 29, 2025, pending regulatory approvals.

Endeavour Silver Corp. reported Q2 2025 production of 1.48 million silver ounces, 7,755 gold ounces, and 2.5 million silver equivalent ounces, up 17% from Q2 2024, driven by the Kolpa acquisition. Guanaceví and Bolañitos outputs were slightly below plan, while Kolpa performed as expected. Terronera’s ramp-up reached 1,400 tpd in June, targeting design capacity in Q3. The company sold 1.47 million silver and 7,706 gold ounces.

Equinox Gold Corp. reports Q2 2025 production of 219,122 ounces, including 51,274 from Greenstone and 72,823 from Calibre Mining assets. Greenstone is ramping up for a stronger H2, while Valentine Gold Mine is on track for first ore in late August. The Calibre merger enhances Equinox’s portfolio, with $406 million in cash and 785,000–915,000 ounces projected for 2025.

Starcore International Mines Ltd. plans to spin out its Côte d’Ivoire exploration interests, covering 1,393 km² including the Kimoukro Gold Project, into a new subsidiary, EU Gold Mining Inc., which will seek a separate Canadian listing. Starcore shareholders will receive one EU Gold share for every two Starcore shares. The move allows Starcore to focus on its Mexican gold and silver assets, while EU Gold develops African properties. The spin-out requires shareholder and regulatory approvals.

Royal Gold Inc. will acquire Sandstorm Gold Ltd. for $3.5 billion in an all-stock deal and Horizon Copper for $196 million in cash, boosting its North American gold streaming portfolio. The deals, offering significant premiums, will add 40 producing assets, increasing Royal Gold’s 2025 production by 26%. The merged entity will operate 80 assets, with precious metals driving 87% of revenue. Closures are expected by Q4 2025, pending approvals.