Torex Gold released its 2025 Responsible Gold Mining Report, highlighting strong ESG performance at its Mexican operations. Key achievements included zero reportable environmental incidents, 83% water recycling, a 68% reduction in Scope 1 greenhouse gas emissions, 95% of procurement spending in Mexico, and US$3.9 million invested in community development projects across 12 host communities.
Luca Mining reported strong Q1 2026 results, with revenue rising 40% to US$57.6 million, net earnings increasing to US$12.6 million, and adjusted EBITDA reaching US$25.4 million. Cash grew 43% to US$36.4 million, supported by strong operating cash flow. The company continued investing in mine development, infrastructure, and exploration at its Campo Morado and Tahuehueto operations in Mexico.
Axo Metals Corp. reported strong initial drill results from its San Antonio gold project in Sonora, including 23.6 metres grading 2.13 g/t gold from surface at the Sapuchi deposit. The company is advancing a 25,000-metre drill program aimed at expanding and upgrading resources and has engaged P&E Mining Consultants to prepare a Preliminary Economic Assessment (PEA).
Minera Alamos Inc. closed a US$75 million revolving credit facility with Scotiabank and National Bank, using an initial US$45 million drawdown to refinance higher-cost debt and remove gold delivery obligations with Auramet. The financing strengthens liquidity, extends debt maturity to 2029, and supports development of the Copperstone, Gold Rock, and Cerro de Oro projects without equity dilution.
Americas Gold & Silver reached an agreement with an affiliate of Royal Gold to settle its remaining fixed gold delivery obligation at the Cosalá Operations in Mexico. The company will make a cash payment of approximately US$10.6 million, eliminating future gold deliveries under the agreement. Management said the settlement simplifies the capital structure and increases exposure to future gold production.
Vizsla Silver secured a MXN$173 million (US$10 million) government-backed working capital facility from FIFOMI for its Panuco Project in Sinaloa. The unsecured five-year loan, with a two-year principal grace period, strengthens the company’s liquidity and reflects Mexican government support as Panuco advances toward construction and production.
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