Santacruz Silver reported its 2025 year-end financial results, highlighting improved revenues, operational performance, and strengthened cash flow driven by its Bolivian operations. The company focused on cost control and efficiency gains while advancing debt reduction and positioning itself for continued growth, supported by strong silver and base metal production.
GFM Resources closed a non-brokered private placement raising C$1.5M through 30M units at C$0.05 (each with a warrant exercisable at C$0.05 for one year). Proceeds will fund liabilities and working capital. The deal triggered ownership changes, including Autlán exiting entirely, while new strategic investors increased stakes. Board changes and stock option grants were also announced.
First Majestic reported strong 2025 reserve and resource growth, with Proven & Probable reserves up 4% to 184.8M AgEq oz and M&I and Inferred resources increasing 50% and 69%, respectively. Growth was driven by exploration success, higher metal prices, and new discoveries like Santo Niño, supporting long-term mine life expansion and a robust 2026 exploration pipeline.
Minaurum Silver reported high-grade drill results from its Alamos Project in Sonora, including 5.3 m of 570 g/t Ag with higher-grade intervals up to 1,024 g/t Ag. Results from multiple vein zones confirm strong continuity and expansion potential, supporting a 50,000 m drill program and a planned updated resource estimate in 2026.
Axo Copper announced a proposed name change to Axo Metals Corp., subject to shareholder approval at an April 27, 2026 meeting and TSXV approval. The change reflects increased gold exposure following the San Antonio project acquisition, alongside its La Huerta copper project, highlighting a broader multi-metal focus beyond copper.
Minera Alamos signed a term sheet for a US$75M revolving credit facility with Scotiabank and National Bank to strengthen its balance sheet, fund growth, and repay its existing gold prepayment facility. The three-year facility offers lower-cost, flexible debt to advance U.S. projects without equity dilution, subject to final agreements and closing conditions.
Americas Gold and Silver reported strong 2025 results with 52% higher silver production (2.65 Moz) and 18% revenue growth to $118M, driven by improved operations at Galena and Cosalá. The company entered 2026 with commercial production at EC120 and expects ~30% annual production growth, supported by ongoing upgrades and higher-grade mining.
Americas Gold and Silver reported new high-grade discoveries in Idaho and Mexico and a strong 2025 resource update, with M&I silver resources up 10% to 115.7 Moz and grades rising significantly. At Galena, resources increased 19% with higher grades, while new veins and near-mine discoveries highlight growth potential. A major 2026 exploration program is planned.
Apollo Silver reported that all resolutions at its March 27, 2026 AGM were approved, including electing seven directors, reappointing auditors, and approving its incentive plan. The company also appointed Tom Peregoodoff as Executive Chair and Steven Thomas as Lead Independent Director, while Andrew Bowering remains a director and advisor.
Oroco Resource Corp. announced that CEO and director Richard Lock has resigned. The company did not disclose reasons for his departure. Oroco indicated it will move forward with leadership transition plans as it continues advancing its Santo Tomás copper project in Mexico.
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