Heliostar Metals Ltd. has filed a National Instrument 43-101 prefeasibility study for its Cerro del Gallo Project in Guanajuato, Mexico. The technical report, authored with Kappes, Cassiday & Associates and effective December 11, 2025, is now available on SEDAR+ and the company’s website. Heliostar aims to grow as a mid-tier gold producer with other Mexican assets.
Pacifica Silver closed its upsized brokered private placement, issuing 15.87 million shares at C$1.45 for ~C$23 million in gross proceeds. Key strategic and existing shareholders participated. Funds will accelerate exploration and drilling at the company’s Claudia silver-gold project in Durango, Mexico and support general corporate purposes.
Equinox Gold completed the sale of its Brazil Operations (Aurizona, RDM and Bahia) for up to US $1.015 billion, received $900 M cash upfront and up to $115 M contingent. It used the proceeds to repay over $800 M in debt, cutting net debt to about US $150 M, strengthening its balance sheet and focus on North American growth.
Silver Viper Minerals has appointed Rakesh Malhotra as its new Chief Financial Officer, bringing over 30 years of finance and capital markets experience, including work with public companies and mining firms. His leadership is expected to strengthen financial strategy and support Silver Viper’s growth and project advancement in Mexico’s precious-metals sector.
Tocvan Silver reported debut drill results at its Gran Pilar project in Sonora, Mexico, identifying multiple silver-bearing zones within an epithermal system. Initial drilling confirmed broad mineralized intervals with high-grade silver, supporting the project’s expansion potential and guiding follow-up drilling and exploration.
Kootenay Silver upsized its “bought deal” private placement to C$16.5 million from C$10 million due to strong investor demand. The company will issue 7,333,334 common shares at C$2.25, with an over-allotment option for more. Proceeds will support advancement of its Columba and La Cigarra silver projects in Mexico and general corporate needs.
Avino met its full-year 2025 production guidance, delivering about 2.6 million silver-equivalent ounces (including ~1.16 M oz silver, 7,621 oz gold and 5.67 M lbs copper), with the La Preciosa project contributing material processed in late 2025. The company also saw improved safety performance and operational milestones throughout the year.
Gold Resource Corporation reported a temporary illegal blockade at its Don David Gold Mine in Oaxaca, Mexico, halting operations. The action involves former contractor workers following a union dispute. The company remains neutral, prioritizes safety and environmental protection, and expects operations to resume once the blockade is removed.
Questcorp Mining and Riverside Resources reported a 30 m chip sample at their La Union Project in Sonora, Mexico grading 20.2 g/t gold and 226 g/t silver with 2.7% zinc, showing strong mineralization. Phase I drilling also hit promising multi-element CRD-style zones and possible Carlin-like gold targets. Follow-up exploration and a Phase 2 program are planned for early 2026.
Kootenay Silver announced a bought-deal private placement to raise about C$10 million by issuing 4.44 million shares at C$2.25, with an option to raise more. Proceeds will fund exploration at the Columba and La Cigarra projects in Mexico and for general working capital.
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