Trafigura Group Pte Ltd. raised a record USD390M through a US Private Placement on May 6, 2025, across four tenors, including a new 12-year tranche. The placement, upsized from USD100M due to strong demand, refinances USD102M of maturities and adds USD288M in liquidity. Citi and MUFG acted as agents, with funding set for May 30, 2025.
Discovery Silver Corp. filed a final short form base shelf prospectus on May 5, 2025, replacing its March 2023 prospectus. The filing allows potential offerings of up to C$500M in securities over 25 months, enhancing financial flexibility for future business developments. Specific terms and use of proceeds will be detailed in future prospectus supplements.
Aura Minerals reported Q1 2025 results: production of 60,087 GEO; net revenue $161.8M (up vs. last year but slightly down vs. Q4 2024); gross profit $78.4M; Adjusted EBITDA $81.5M; adjusted net income up versus prior year; operating cash flow $41.2M; and net debt/LTM EBITDA ~0.9×. Borborema project started operations on schedule.
Chesapeake Gold Corp. announces Alan Pangbourne’s immediate resignation as director to pursue other opportunities. The company thanks him for his service and wishes him well.
Vizsla Silver Corp. announced on May 5, 2025, the full resumption of field work at its flagship Panuco silver-gold project in Sinaloa, Mexico, following a temporary pause due to security concerns. Activities include test mine development, exploration/geotechnical drilling, mapping, and surveys. Plans: advance Feasibility Study and seek Project #2 in H2 2025.
Luca Mining Corp. announced results from nine underground drill holes at its Tahuehueto gold-silver mine in Mexico, part of a 5,000m exploration program. Two new high-grade breccia ore shoots were discovered in the El Creston vein system, with intercepts including 9.4m at 5.21 g/t AuEq and 4.8m at 5.62 g/t AuEq. A Phase 2 drilling program and surface drilling at the Santiago deposit have begun.
Kingsmen Resources reported that drill pad construction is underway at its 100 %-owned Las Coloradas silver project in the Parral mining district, Chihuahua, Mexico, preparing for an initial 14-hole diamond drilling program targeting the Soledad and Soledad II vein systems after significant surface sampling results. Drilling is expected to run through May–July 2025.
IMPACT Silver reported record FY 2024 revenue of $31.9 M, a 53% increase from 2023, driven by higher production at Zacualpan and Plomosas. The company returned to net profit in Q4 2024 with $1.6 M net income vs a loss last year. It ended the year with $7.1 M cash, $9.0 M working capital, and no long-term debt.
Fuerte Metals announced strong drill results at its Cristina Project in Chihuahua, Mexico, including 10.3 g/t AuEq over 2.4 m, 7.0 g/t AuEq over 1.4 m, and 5.6 g/t AuEq over 3.6 m, within broader mineralized zones. These intercepts, from the Los Ingleses vein, highlight both high-grade and wide lower-grade mineralization and support ongoing resource expansion work.
Kootenay Silver Inc. announced high-grade drill results from its Columba Silver Project, with D-Vein assays reaching 7,630 gpt silver and 30.57% lead-zinc, the deepest and highest values recorded. Hole CDH-25-199 intercepted 620 gpt silver over 16.5 meters. The company is compiling data for a maiden resource estimate, with drilling now exceeding 20,000 meters.
Mexico Mining Center © 2021 / All Rights Reserved
