Mako Mining Corp. appointed Steve Parsons as President, previously an officer at its subsidiary, Goldsource Mines Inc., acquired in July 2024. Mako granted 740,000 stock options to executives and employees, exercisable at C$4.47, vesting over four years until 2029. Additionally, 502,785 restricted share units and 145,000 deferred share units were granted, vesting in 2028 and upon service termination, respectively.
Aztec Minerals Corp.announces that it intends to complete a non-brokered private placement of up to 16,666,667 units at a price of CAD$0.18 per Unit for gross proceeds of up to CAD$3,000,000.
Vizsla Royalties Corp. has begun trading its common shares on the OTCQB marketplace under the symbol VROYF, aiming to enhance visibility and liquidity for U.S. investors, while continuing to trade on the TSX Venture Exchange under the symbol VROY.
United States Antimony Corp restarted its Madero smelter in Mexico, over a year after halting Latin American operations due to financial losses and low antimony prices. The move follows China’s 2024 export ban on critical minerals, driving antimony prices up. The company aims to process 200 tons monthly by year-end, using international ore sources, amid U.S. efforts to boost domestic critical mineral production.
Canuc Resources Corporation extended the final closing date of its non-brokered private placement to May 21, 2025, to fund the acquisition of MacDonald Mines Exploration Ltd. and exploration of its assets. MacDonald Mines, founded in 1935, focuses on precious and critical metals in Ontario, with its flagship SPJ Project near Sudbury, targeting copper, gold, cobalt, nickel, and rare earth elements.
Excellon Resources Inc. faces a lawsuit in Ontario from Javier Martinez Lomas, seeking US$23 million in damages. The claim relates to a previously resolved dispute in Mexico involving a former Excellon subsidiary. Excellon considers the lawsuit meritless and an attempt to relitigate a settled matter, vowing to defend and dismiss the claim.
Mako Mining Corp. reports Q1 2025 San Albino production of 48,813 tonnes mined, yielding 10,817 oz gold sold for $31.5 million. Mill recovery was 85.3% at 608 tpd. The Moss Mine acquisition added 936 oz. Eagle Mountain project advances with environmental and geotechnical work, targeting H2 2025 for EIS submission. Cash balance is $14.2 million.
IMPACT Silver increased its previously announced non-brokered private placement from $3.5 M to up to $5.0 M due to strong investor demand. The financing still includes a $1.75 M LIFE Offering (fully allocated to Trafigura) and $3.25 M standard units, with attached warrants at set prices and terms. Closing is subject to regulatory approvals.
Bear Creek Mining Corporation reported its 2024 financial results, producing 40,220 oz gold and 217,676 oz silver at Mercedes Mine. Revenue was $103.7M, but a $27.2M impairment charge led to a $66.8M net loss. The company restructured debt with Sandstorm, raised $10M, and initiated a strategic review to enhance shareholder value. Cash costs were $1,471/oz, AISC $1,888/oz.
Regency Silver Corp. reports today that effective immediately, Bruce Bragagnolo has been appointed the Chief Executive Officer of the Company.
Mexico Mining Center © 2021 / All Rights Reserved
