Defiance Silver Corp. (Feb 13, 2025) closed the third and final tranche of its upsized private placement, raising C$975,000 via 4,875,000 units at C$0.20 each (each: 1 share + ½ warrant at C$0.35/24 months). Total raised: C$3,267,800 (16,339,000 units). Finders’ fees paid; proceeds for exploration and working capital.
“Parral generated significant cash flows for the Company during the quarter which helped us increase our cash balance by over $4 million.”
Guanajuato Silver Company Ltd. is pleased to announce the receipt from the TSX Venture Exchange of approval for graduation from Tier 2 Issuer Status to Tier 1 Issuer Status. GSVR will commence trading as a Tier 1 Issuer on February 14, 2025.
The mining division posted revenue of $12.4bn, a 14.1% increase over the previous year and a 17.4% increase from the fourth quarter of 2024 (Q4 2023), attributed to increased sales volumes in copper, zinc and most by-products and higher prices, except for molybdenum.
Apollo Silver outlined its 2025 work program at the Calico Silver Project in California, focusing on defining a barite resource and mapping/sampling gold targets to support future drilling. It also noted progress toward re-engaging stakeholders at the Cinco de Mayo Project in Chihuahua, Mexico, where new local leadership may enable renewed discussions about project access after years of restrictions.
Oroco Resource Corp. is pleased to announce that the non-brokered private placement financing announced by the Company on February 5, 2025, is now oversubscribed due to strong investor demand.
Zacatecas Silver CEO and Director, Eric Vanderleeuw, stated: “As we focus on advancing our silver assets, our technical team has designed a program aimed at expanding the current resource while following up on multiple high-grade intercepts drilled outside the known resource area.”
Net profit in the quarter fell 6.5% to $686.5 million, from revenues which were up 13% to $3.85 billion. Analysts polled by LSEG had forecast a net profit of $945 million from revenues of $4.04 billion.
McEwen Mining closed an upsized $110 million offering of 5.25% convertible senior unsecured notes due 2030, including a full $15 million option exercise. The notes carry an initial conversion price of ~$11.25 (≈30% premium) and a capped call could raise it to $17.30, reducing dilution. Proceeds will partially repay high-interest debt and fund growth plans, especially at the Fox Complex.
SilverCrest Metals Inc. is pleased to announce that the Supreme Court of British Columbia has granted the final order in connection with the Company’s plan of arrangement with Coeur Mining, Inc. whereby Coeur will, among other things, indirectly acquire all of the issued and outstanding SilverCrest shares.
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