Oroco presented an update on its Santo Tomás copper project at a mining conference, highlighting its location within 170 km of the Pacific port of Topolobampo with good infrastructure access. The presentation reinforced progress in advancing exploration, development planning, and stakeholder engagement as the company moves the project forward toward value creation and eventual development.
“We are delighted to have Delbrook partner with us to fund the remaining drilling and provide the cash payment needed to complete our earn-in to a 51% interest in the Sunnyside Project,” said William Wulftange, CEO of Barksdale.
Orla Mining Ltd.is pleased to provide an operational update for the first quarter ended March 31, 2025. Camino Rojo is on track to achieve annual guidance of 110,000 to 120,000 ounces of gold following the quarter.
Silver Tiger Metals Inc. closed a C$15 million bought deal financing by issuing 45,455,000 common shares at C$0.33 each. Proceeds will fund exploration at the El Tigre Project in Mexico and general corporate purposes.
Fortuna Mining Corp. completed the sale of its San Jose Mine in Mexico to JRC Ingeniería y Construcción S.A.C. for US$6.5M cash upfront, US$1.2M adjustment by April 30, 2025, up to US$8.3M contingent payments, and a 1% NSR royalty post-threshold production. The mine was placed on care and maintenance in December 2024.
Goldgroup Mining Inc. is pleased to announce a non-brokered private placement of up to 27,272,727 units of the Company at a price of $0.55 per Unit for aggregate gross proceeds of up to $15,000,000.
Fortuna Mining Corp. announced the sale of its Yaramoko Mine in Burkina Faso to Soleil Resources International Limited for ~US$130M cash (US$70M on closing, US$57.5M dividend, up to US$53M from VAT). Expected Q2 2025 completion; avoids US$20M closure costs amid limited reserves and challenging climate.
“We’re pleased to establish this new credit facility with Truist Bank, which not only augments our working capital capabilities, but also demonstrates growing confidence in our business and long-term potential,” said Richard (Rick) Isaak, Senior Vice President and CFO of U.S. Antimony.
Plata Latina Minerals Corporation has completed the sale of the 3% net smelter return on the Naranjillo property for a total of US$6,000,000 to a wholly-owned subsidiary of Fresnillo plc.
Akiba Leisman, Chief Executive Officer, states that “2024 represented a major inflection point for Mako, demonstrating the inherent profitability of our asset base. Not only did we generate $42.2 million in Adjusted EBITDA and $0.27 in EPS for the year, but we achieved that at gold prices nearly $800 per ounce lower than current market prices.”
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