Fresnillo plc’s 4Q25 Production Report (28 Jan 2026): Q4 silver output 12.2 moz (+5.9% QoQ, -8% YoY); full-year 48.7 moz (down 13.5% YoY, met guidance). Gold Q4 135.3 koz (down YoY); full-year 600.3 koz (beat guidance). 2026 silver and gold guidance reduced due to mine plan changes and lower grades.
Osisko Development Corp. (NYSE: ODV, TSXV: ODV) completed the sale of its San Antonio gold project in Sonora, Mexico, to Axo Copper Corp. on January 27, 2026. Received 15,325,841 Axo shares (9.99% stake) plus contingent payments (VAT refund, US$2M on feasibility study, US$2M on first gold pour) and anti-dilution rights.
Axo Copper Corp. (TSXV: AXO) completed the acquisition of the San Antonio gold project in Sonora, Mexico, from Osisko Development Corp. on January 27, 2026, by acquiring 100% of Sapuchi Minera. Consideration included issuing ~15.3M shares to Osisko (9.99% stake) and ~7.7M to OR Royalties, plus contingent payments. This advances Axo toward development with resource growth potential.
Silverco Mining provided details on its agreement to acquire Nuevo Silver and the La Negra mine in Querétaro, Mexico. Under the deal, Silverco will issue shares to Nuevo Silver shareholders, with potential earn-out payments tied to future silver prices and production milestones. The acquisition expands Silverco’s Mexican asset base and is expected to enhance long-term growth and production potential.
Southern Silver Exploration reported drill results from the Puro Corazon claim at its Cerro Las Minitas project in Durango, Mexico, including 15.3 m @ 581 g/t AgEq and 22 m @ 426 g/t AgEq, extending high-grade mineralization to ~235 m depth. Results will feed into an updated Mineral Resource Estimate and revised PEA as assays continue.
Shareholders overwhelmingly approved the plan of arrangement for Coeur Mining to acquire New Gold, with about 99% support from New Gold shareholders. Coeur shareholders also approved the required resolutions. The transaction is expected to close in the first half of 2026, subject to regulatory and court approvals.
Chesapeake Gold closed a $17.2 million bought deal public offering (including full exercise of the over-allotment) and a $2.8 million non-brokered private placement with participation from Eric Sprott. Proceeds will support exploration and development at the company’s gold projects in Mexico.
Sierra Madre Gold & Silver secured land-use authorization for its Tlacotal property at the La Guitarra silver-gold complex (Estado de México), enabling mining and development. The company also expanded land holdings, including areas near the tailings facility, supporting future expansion and planned 2026 drilling.
Kingsmen Resources Ltd. (TSXV: KNG) upsized its bought deal private placement to C$11M from C$10M due to strong demand. Red Cloud Securities will buy 4,888,889 units at C$2.25 each (1 share + ½ warrant exercisable at C$3.00 for 36 months), with option for 888,889 more. Proceeds fund Mexican projects and working capital; closing expected ~Feb 11, 2026, subject to TSXV approval.
Silver Spruce Resources announced the resignation of a director and an officer from the company’s board and management team. The departures are part of a broader corporate transition as the company refocuses its priorities. Silver Spruce thanked the outgoing executives for their service and said it is evaluating next steps for leadership continuity.
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