First Majestic Silver produced 5.7 million silver-equivalent (AgEq) ounces in Q4 2024—including 2.4 million silver and ~39,500 gold ounces—a 4 % quarterly increase, driven by higher silver output. Full-year 2024 production was 21.7 million AgEq ounces, in line with guidance, with improvements across its Mexican mines.
“Parral’s SART Zinc circuit, which was completed in 2024, has exceeded expectations on both base metal production and has increased the leachability of gold and silver in the heap as well, which is driving the 36% increase in production which we saw this quarter. We expect the benefits of this optimization to continue through 2025.”
Endeavour Silver said the Terronera project faced delays in structural steel deliveries, slowing lower-platform and filter area work and pushing wet commissioning to early Q2 2025. The company temporarily reduced its workforce over the holidays to cut costs. Critical steel deliveries have resumed, dry commissioning continues, ore stockpiles are nearly full, and grinding-mill tests are underway.
Southern Silver Exploration Corp. reports that the Company has received approval from the TSX.Venture Exchange for a 30-day extension to close the previously announced non-brokered private placement, consisting of up to 10,000,000 units at a price of $0.22 per Unit for gross proceeds of $2,200,000.
Aztec Minerals Corp. issued a shareholder update on January 7, 2025, reviewing 2024: raised C$3.68M, increased Tombstone JV stake to 77.7%, advanced modeling/sampling/drilling at Tombstone and Cervantes (e.g., 137m @ 1.49 gpt Au). 2025 outlook: Q1 Tombstone assays, Cervantes exploration, potential further drilling, seek new Americas projects.
Luca Mining Corp. is pleased to announce that it, along with an arm’s-length third-party corporation, Jaluca Limited have reached an agreement with Urion Holdings (Malta) Limited (“Urion”, a wholly owned subsidiary of Trafigura Mexico S.A. de C.V.) to repurchase 100% of Luca’s US$5.8 million convertible debenture held by Urion.
A month after a federal court declared the Mexican steelmakeer Altos Hornos de Mexico (AHMSA) bankrupt due to insolvency the trustee has begun the valuation of the steelmaker’s assets for sale at public auction, the company reported.
GR Silver Mining Ltd. announces that the Company has granted Deferred Share Units to eligible persons in accordance with the Omnibus Long-Term Incentive Plan approved by the Board on August 2, 2022 and approved by shareholders at the Company’s Annual General Meeting held on November 12, 2024, and subject to the policies of the TSX Venture Exchange.
Silver Tiger Metals Inc. released its 2024 summary and 2025 outlook on January 3, 2025: Key 2024 achievements include PFS for open pit (US$222M NPV, 40% IRR), updated MRE (200 Moz AgEq), and underground drilling start. 2025 plans: Complete 5,000m underground drilling, deliver underground PEA in H1, secure financing, and advance to construction decision.
Commenting on these announcements today, Mr. Gary C. Evans, Chairman & CEO stated, “We believe the quantities of antimony ore from this second international party will increase significantly over the ensuing months.”
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