Capitan Silver Corp. closed a C$5.3 million private placement, issuing 13.25 million units at C$0.40 each (one share + one warrant at C$0.50 for 12 months). Led by Jupiter fund; proceeds for Cruz de Plata project exploration and working capital.
“The spinout of Blue Jay Gold is an exciting opportunity for Riverside shareholders to gain direct exposure to a new, focused gold exploration company,” said John-Mark Staude, CEO of Riverside Resources.
“We are delighted to welcome Jackie Przybylowski to our Board of Directors. We look to leverage Jackie’s technical and financial expertise along with her strong relationships within the investment and global mining community as we advance our portfolio of projects and continue to build stakeholder value,” commented Interim CEO and Chairman, Andrew Bowering.
Mako Mining Corp. is pleased to provide an update on Mako’s proposed acquisition of the Moss Mine in Arizona, through the acquisition of 100% of the issued and outstanding common shares of EG Acquisition LLC from investment funds controlled by Mako’s controlling shareholder, Wexford Capital LP.
Greg Smith, President and Chief Executive Officer of Equinox, stated: “This merger represents a transformative step forward for both Equinox and Calibre, bringing together two complementary companies with strong production, growth potential, operational expertise, and a shared commitment to responsible mining.”
“2024 was a transformational year for Newmont, as we focused on the integration of the Newcrest portfolio, divestment of our non-core assets, and transitioning the business onto a stable operating and investment platform. We have deliberately streamlined Newmont into the world’s best collection of Tier 1 gold assets, with a strong foundation of operational and financial performance. Our record fourth quarter gave a glimpse into the promising potential of the business and allowed Newmont to deliver record operating cash flows,” said Tom Palmer, Newmont’s President and Chief Executive Officer.
Vizsla Silver Corp. is pleased to announce that, further to its news release dated January 6, 2025, it has filed an independent technical report containing an updated mineral resource estimate on the Company’s Panuco silver-gold project.
Achieved Annual Production and Cost Guidance: The Company produced 21.7 million AgEq ounces, consisting of 8.4 million silver ounces and 156,542 gold ounces at an average AISC of $21.11 while setting “best in class” record safety performance.
“Gold and silver mining stocks have historically been correlated to bullion, but in recent years, they’ve lagged the price of the physical metals,” said John Hathaway, CFA, Managing Partner, Sprott and Senior Portfolio Manager, Sprott Asset Management USA, Inc. “Gold and silver mining stocks could offer significant catch-up potential.”
Greg Smith, President & CEO of Equinox Gold, commented: “Equinox Gold finished 2024 with its strongest quarter of production, bringing full-year production to an annual record of 621,893 ounces of gold with 623,579 ounces of gold sold, and driving record financial results including revenue and cash flow from operations.”
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