Endeavour Silver reported Q4 2024 financial and operating results for the period ended Dec 31, 2024, with revenue up year-over-year and solid mine cash flow, though production was lower and the company posted a net loss. Management highlighted strong liquidity and progress on Terronera and Pitarrilla.
Goldgroup Mining Inc. announced on March 11, 2025, a non-brokered private placement of up to 23,333,334 units at $0.30 each for gross proceeds of $7 million. Each unit includes one share and one-half warrant (exercisable at $0.45 for 24 months). Proceeds for mine improvements, PEA update, debt reduction, working capital; subject to TSXV approval.
Stephan Jansma, Trafigura Group Chief Financial Officer said: “ We are pleased to have successfully refinanced our flagship European revolving credit facility, reaffirming the strong and ongoing support of our global banking community. The European revolving credit facility remains a cornerstone of our funding strategy, ensuring sustained access to capital and reinforcing our robust liquidity position.”
Hector Gonzalez, CEO of Candelaria commented: “This resolution allows Candelaria to strengthen its financial position and focus on future strategic opportunities while eliminating the financial obligations associated with the medium-term loan facility with Goldgroup”.
Apollo Silver filed its NI 43-101 Technical Report for the Cinco de Mayo Project in Chihuahua, Mexico, with an effective date of Feb 28, 2025, supporting its earn-in/option agreement with MAG Silver. The report, led by a Qualified Person following a site visit and core review, details extensive historical work on the Upper Manto Pb-Zn-Ag (Au) and Pozo Seco Mo-Au deposits and can be found on SEDAR+ and the company’s website.
Goldgroup Mining Inc. announced on March 7, 2025, a Non-Enforcement Agreement to acquire 100% of the fully permitted Pinos gold project in Zacatecas, Mexico (30 concessions), via shares of Minera Apolo from Candelaria Mining. Terms: settle ~USD $2.7M loan, $178K cash, 716,667 shares; subject to TSXV approval.
Capstone Copper Corp. today announced that the CHESS Depositary Interests of the Company will be added to the Standard & Poors/ASX 200 Index by the S&P Dow Jones effective prior to ASX market opening on March 24, 2025.
Discovery Silver Corp. filed and mailed its management information circular for a special shareholder meeting on March 27, 2025, to approve issuing up to 123.6M shares (~30.9% dilution) for acquiring Newmont’s Porcupine Complex (US$425M deal). Board unanimously recommends approval; acquisition expected to close H1 2025.
Fortuna Mining Corp. reported 2024 results: record production 455,958 GEOs; revenue $1.062B (up 26% YoY); net income $128.7M ($0.42/share); adjusted $144.0M ($0.47/share); free cash flow $202.9M (up 32%); liquidity $381.3M. Q4: net income $11.3M after charges, adjusted $37.0M; revenue $302.2M; FCF record $95.6M. Strong gold prices drove gains.
Minera Alamos announced results of its February 28, 2025 AGM on March 5, 2025. Shareholders approved re-election of five directors, auditor ratification, and new Omnibus Incentive Plan with strong support. 210.7M shares (42% of total) voted. Focus remains on low-capex gold asset development and strategic acquisitions.
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