Apollo Silver appointed Ross McElroy as its new President and CEO, succeeding Andrew Bowering (who will remain Chair of the Board). McElroy is a professional geologist with 38+ years of mining industry experience, including co-founding and leading Fission Uranium to a US$1.14 billion sale. He also received 2,500,000 stock options as part of his appointment.
Capstone Copper Corp. announced the voting results from its 2025 Annual General Meeting held May 2, 2025, in Vancouver. With 594,082,529 shares voted (77.96% of outstanding shares), shareholders approved all items, including setting the board at eight directors (96.27% for), electing directors (98.20%-99.98% for), re-appointing Deloitte LLP as auditor (99.90% for), and an advisory vote on executive compensation (91.87% for).
Newmont Corporation announced Natascha Viljoen’s promotion to President and Chief Operating Officer, effective immediately. Viljoen, who joined as COO in 2023, will continue reporting to CEO Tom Palmer. The promotion recognizes her leadership in safe operations and cost improvement following the Newcrest acquisition. Viljoen, previously CEO of Anglo American Platinum, aims to enhance value for stakeholders.
Endeavour Silver Corp. completed the $145 million acquisition of Minera Kolpa, including the Huachocolpa Uno Mine in Peru, with $80 million cash, $65 million in shares, and up to $10 million in contingent payments. The deal, funded by a $35 million copper stream and $50 million equity financing, adds a 1,800 tpd silver-focused mine producing 5.1 million silver-equivalent ounces in 2024, with plans to expand to 2,500 tpd.
Torex Gold Resources Inc. achieved commercial production at its Media Luna mine on April 26, 2025, completing the Media Luna Project within budget and ahead of schedule. Construction is 98% complete, with the mine set to reach 7,500 tonnes per day by mid-2026. Funded mainly by ELG cash flow, Torex anticipates positive free cash flow in mid-2025.
Sierra Metals Inc. acknowledges Alpayana S.A.C.’s increased offer price from C$1.11 to C$1.15 per share for its proposed take-over bid, as announced on May 1, 2025. The bid’s expiry is extended to May 12, 2025. Sierra Metals’ board is reviewing the offer and will make a recommendation soon, noting the bid’s numerous discretionary conditions.
Equinox Gold Corp. shareholders approved all matters at their May 1, 2025, meeting, including the share issuance for the proposed merger with Calibre Mining Corp. Calibre securityholders also approved the transaction. Pending court and regulatory approvals, the deal is expected to close by Q2 2025. Voting results showed strong support for all resolutions, including director elections and executive compensation.
Santacruz Silver Mining Ltd. received a temporary management cease-trade order (MCTO) from the British Columbia Securities Commission because it failed to file its 2024 annual financials and related MD&A and certifications by the April 30, 2025 deadline. The MCTO prohibits trading in the company’s securities by the CEO and CFO until filings are completed, though the public can still trade the stock.
Hecla Mining Company reported record Q1 2025 sales of $261.3 million, up 5%, with net income of $28.7 million. Adjusted EBITDA hit $90.8 million, improving the net leverage ratio to 1.5x. Keno Hill achieved its first profitable quarter, producing 772,430 silver ounces. Lucky Friday set a milling record at 108,745 tons. The company aims to strengthen its balance sheet and optimize operations in 2025.
Capstone Copper Corp. reported Q1 2025 results with record sulphide copper production of 45,950 tonnes at $2.23/lb C1 cash costs, up 49% from Q1 2024, driven by Mantoverde and Mantos Blancos. Consolidated production was 53,796 tonnes at $2.59/lb. Revenue hit $533.3 million, with adjusted EBITDA doubling to $179.9 million. Net loss was $6.8 million. The company reaffirmed 2025 guidance of 220,000-255,000 tonnes at $2.20-$2.50/lb.
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