Category: Investor’s Corner

Mako Mining Corp. reported record Q2 2025 financials, with $38.7M in gold sales, $16.9M in Mine Operating Cash Flow, $21.3M in Adjusted EBITDA, and $8.8M in Net Income. The company sold 11,476 oz of gold at $3,323/oz, with $1,509/oz cash costs and $1,668/oz AISC. Exploration expenses reached $2.2M, and Mako acquired Elevation Gold’s debt for $1.8M.

Sierra Madre Gold and Silver Ltd. reported Q2 2025 revenues of $5.4M and a gross profit of $1.3M from La Guitarra mine, despite weather-related disruptions. The company sold 173,562 silver equivalent ounces. A C$19.5M private placement closed post-quarter to fund equipment purchases, mine improvements, and a 20,000-meter exploration program.

Pacifica Silver closed the first tranche of its C$10 million non-brokered private placement, issuing 19.1 million units at C$0.50 to raise C$9.55 million. Strategic participants included Vizsla Silver, First Majestic Silver, Silvercorp Metals and investor Eric Sprott, with proceeds earmarked for exploration and drilling at the Claudia Project in Durango, Mexico.

Goldgroup Mining Inc. announced a non-brokered private placement of up to 5,000,000 units at $0.80 each, aiming to raise $4,000,000. Each unit includes one common share and one-half warrant, exercisable at $1.10 for 24 months. Proceeds will fund acquisition opportunities to enhance the company’s mining portfolio, particularly for its Cerro Prieto mine, pending TSX Venture Exchange approval. Securities are subject to a four-month hold period.

Guanajuato Silver Company Ltd. closed an C$18M non-brokered private placement, selling 60M units at C$0.30 each. Funds will upgrade mining equipment, enhance processing facilities, and expand exploration at its Mexican silver mines. The offering included warrants and involved finders and advisors receiving fees and warrants. Units are free-trading in Canada, with restrictions in the U.S.

J2 Metals announced a non-brokered private placement of up to 800,000 common shares at $0.10 per share for gross proceeds of up to $80,000. Proceeds will fund general corporate purposes. Existing shareholders, directors and management may participate, with closing expected around August 29, 2025, subject to regulatory approval.

Xali Gold Corp. filed its audited financial statements for the year ended March 31, 2025, on August 16, 2025, available on SEDAR+ and the company website. The TSX Venture Exchange is reviewing Xali Gold’s listing status post-trading halt, with the company aiming to resume trading. Two El Oro concessions were cancelled, and seven more were unlawfully cancelled without notice; legal recourse is being pursued.

Santacruz Silver Mining Ltd. reported strong Q2 2025 results with $73.3M in revenue (up 4%), $25.3M gross profit (up 59%), and $21.0M net income (up 1,348%) year-over-year. Adjusted EBITDA rose 68% to $26.8M, and cash reserves grew 691% to $57.8M. Despite a 15% drop in silver equivalent production, cost efficiencies improved, with AISC down 8% to $22.95/oz.

EV Resources Limited signed an MOU with Wogen Resources and Xcelsior Capital for a US$2–3M debt facility to advance its Los Lirios Antimony Project in Mexico. Wogen gains exclusive offtake rights, and both partners will provide technical and market support. The non-binding MOU supports a 100-tonne-per-day processing plant, aligning with U.S. critical minerals priorities.

Torex Gold Resources Inc. completed its $26 million acquisition of Reyna Silver on August 20, 2025, following shareholder approval. The all-cash deal adds four early-stage exploration properties to Torex’s portfolio. Exploration will focus on Batopilas and Gryphon in 2025, with $1.6 million allocated, and expand to Guigui and Medicine Springs in 2026, aiming to create long-term shareholder value.