Silver Spruce Resources closed a non-brokered private placement, raising approximately C$2.0 million through the issuance of units priced at C$0.20 each. Proceeds will be used to advance the company’s exploration projects, including assets in Mexico and Canada, and for general working capital.
Sonoro Gold increased its previously announced non-brokered private placement from C$10 million to C$15 million in response to strong investor demand. The offering now consists of 60 million units at C$0.25 per unit, each including one share and one warrant exercisable at C$0.34 for three years. Proceeds will fund development of the Cerro Caliche Gold Project in Sonora and provide working capital.
Minera Alamos announced the grant of 800,000 incentive stock options to officers and directors under its Omnibus Incentive Plan. The options are exercisable at C$6.93 per share, vest over two years, and expire after three years. The award is intended to align management and board interests with shareholders as the company advances its growth strategy.
Torex Gold Resources restarted drilling at its Los Reyes gold-silver project in Sinaloa, launching a 20,000-metre 2026 drill program focused on upgrading resources, reducing project risk, and supporting future economic studies. The company plans to invest approximately US$18 million this year and expects to release a Preliminary Economic Assessment (PEA) in July 2026.
Silverco Mining reported its Q1 2026 financial results, highlighting a strengthened balance sheet following a $62.5 million bought-deal financing, ending the quarter with $56.2 million in cash. The company invested $3.0 million advancing the restart of the Cusi Mine and expanded its executive team as it transitions toward becoming a multi-asset Mexican silver producer. Subsequent milestones included the positive Cusi PEA and completion of the acquisition of the producing La Negra Mine.
Algo Grande finalized drill targets for its 8,000-metre Phase II drilling program at the Adelita Project in Sonora following completion of high-resolution drone magnetic and LiDAR surveys. Drilling, scheduled to begin in June, will focus on expanding the Cerro Grande copper-silver-gold skarn discovery along a 2.5-km corridor while also testing new targets including Cerro Potrero South and Las Trancas.
Southern Silver Exploration amended its previously announced LIFE private placement, increasing the number of shares offered while maintaining gross proceeds of approximately C$4.0 million. The revised financing consists of 7.27 million shares priced at C$0.55 each. Proceeds will be used for exploration, project advancement, and general working capital.
Radius Gold appointed Dr. Luke Longridge to its Board of Directors, effective immediately. A structural and economic geologist with more than 15 years of international experience, Longridge previously held senior technical roles with Teck Resources, Canterra Minerals, CSA Global, and Bushveld Minerals. The company also granted him 1,000,000 stock options exercisable at C$0.14 per share for ten years.
Alamos Gold declared a quarterly dividend of US$0.025 per share and announced additional share repurchases under its Normal Course Issuer Bid program. Since launching buybacks in 2024, the company has repurchased over 14 million shares. Management stated the actions reflect strong cash flow generation and a commitment to returning capital to shareholders while maintaining financial flexibility.
Fortuna Mining published its 2025 Sustainability Report, reporting zero significant environmental spills, 65% water recycling and reuse, 17% renewable energy use, US$258 million in government contributions, and US$4.36 million invested in community programs. The company also reported one contractor fatality and reaffirmed its commitment to improving safety and sustainability performance.
Mexico Mining Center © 2021 / All Rights Reserved
