Category: Investor’s Corner

Defiance Silver Corp. (Jan 20, 2025) closed the first tranche of a private placement, raising C$732,200 via 3,661,000 units at C$0.20 each (each: 1 share + ½ warrant at C$0.35/24 months). Proceeds for exploration and working capital. Paid finders’ fees: C$24,132 cash + 120,660 warrants. Clarified prior placement commissions as C$149,690.60.

Colibri Resource Corp (TSXV: CBI) announced a non-brokered private placement of up to 10M units at $0.025 each for $250K proceeds. Each unit: one share + one warrant ($0.05 exercise, 24 months). Funds for exploration at Pilar and EP Gold Projects in Mexico and working capital. Also received TSXV final acceptance on prior placement (corrected to 6.11M units, $305.5K) and disclosure fix.

Mexico’s mining sector is set to lead in 2025 global trade, leveraging $88,462 million in 2023 mineral trade. As the top silver producer with vast lithium reserves, Mexico attracts investment despite economic volatility. Digitalization and green technologies drive opportunities, with diversification ensuring stability, says Zulma Herrera, CEO of Mynotauro Co.

Goldgroup Mining Inc. closed acquisition of a Loan Facility on January 15, 2025, to enforce rights and acquire Minera Apolo (owner of fully permitted Pinos gold project in Mexico). Consideration: 50M shares, USD $0.5M cash (within 18 months), USD $1.5M contingent on milestones. Payments deferred until title obtained; subject to TSXV approval.

“With the closing of this transaction, First Majestic is integrating a high-quality, long-life and positive free cash flow operation into our portfolio of producing mines in Mexico. Cerro Los Gatos is truly a world-class district with robust production and cost profile combined with meaningful exploration potential,” said Keith Neumeyer, President & CEO.

“Michael’s impact on MAG Silver cannot be overstated. His strategic insight, tireless advocacy for the Company, and dedication have left a lasting legacy. We wish Michael continued strength in his health journey and wish him all the very best in his retirement,” said George Paspalas, President and CEO of MAG Silver.

The Company produced 26,531 ounces of gold in the fourth quarter, bringing total annual gold production for 2024 to 136,748 ounces. As a result, the Company achieved its improved full-year 2024 production guidance range of 130,000 to 140,000 ounces, representing a 19% beat to the mid-point of its initial production 2024 guidance of 110,000 to 120,000 ounces.

Pan American Silver (Jan 15, 2025) achieved 2024 guidance: 21.1M oz silver (guidance 21-23M), 892K oz gold (868-988K), base metals met. Record cash/short-term investments $887.3M (+$417.4M YoY, incl. $306.6M La Arena sale). Liquidity $1.64B entering 2025; 2025 guidance Feb 19.

Minera Alamos extended its US$400,000 Auramet loan maturity from November 29, 2024, to May 29, 2025, with TSXV approval. Paid extension fee of US$400,000 by issuing 1,901,648 shares at C$0.2949 each. Extension supports ongoing permitting for Cerro de Oro gold project amid anticipated 2025 improvements.

Quetzal Copper Corp. announced (January 15, 2025) a TSX Venture Exchange-approved extension until February 17, 2025, for its non-brokered private placement of up to 6,666,666 non-flow-through units at C$0.15 each, targeting C$1,000,000 gross proceeds for exploration and general corporate purposes.