Oroco Resource Corp. is pleased to announce that the non-brokered private placement financing announced by the Company on February 5, 2025, is now oversubscribed due to strong investor demand.
Zacatecas Silver CEO and Director, Eric Vanderleeuw, stated: “As we focus on advancing our silver assets, our technical team has designed a program aimed at expanding the current resource while following up on multiple high-grade intercepts drilled outside the known resource area.”
Net profit in the quarter fell 6.5% to $686.5 million, from revenues which were up 13% to $3.85 billion. Analysts polled by LSEG had forecast a net profit of $945 million from revenues of $4.04 billion.
McEwen Mining closed an upsized $110 million offering of 5.25% convertible senior unsecured notes due 2030, including a full $15 million option exercise. The notes carry an initial conversion price of ~$11.25 (≈30% premium) and a capped call could raise it to $17.30, reducing dilution. Proceeds will partially repay high-interest debt and fund growth plans, especially at the Fox Complex.
SilverCrest Metals Inc. is pleased to announce that the Supreme Court of British Columbia has granted the final order in connection with the Company’s plan of arrangement with Coeur Mining, Inc. whereby Coeur will, among other things, indirectly acquire all of the issued and outstanding SilverCrest shares.
“That tariff is not justified,” said Ebrard. “It’s unfair according to President Trump’s own arguments. Because we, I repeat, have more (steel) imports than exports.”
Defiance Silver Corp. (Feb 11, 2025) closed the second tranche of a private placement, raising C$1,560,600 via 7,803,000 units at C$0.20 each (each unit: 1 share + ½ warrant at C$0.35/24 months). Combined with first tranche (C$732,200), total C$2,292,800; third tranche planned for overall C$3.3M. Proceeds for exploration and working capital.
Capitan Silver Corp. revised warrant terms for its C$5.3M private placement (13.25M units at C$0.40 each), adding an acceleration clause: warrants (exercisable at C$0.50 for 12 months) expire in 30 days if shares exceed C$0.50 post-significant acquisition announcement. Closing expected February 17, 2025.
Sierra Madre Gold & Silver reported record production in January 2025 at its 100 %-owned Guitarra Mine Complex in Estado de México, reaching full commercial output at 500 t/d. The company shipped 349.48 dry t of concentrate with very high grades (~2,429 g/t Ag and ~32.12 g/t Au). Quarterly and financial details will follow.
Questcorp Mining Inc. announced on February 10, 2025, a non-brokered private placement of up to 33M units at C$0.06 each for gross proceeds of up to C$1.98M. Each unit: 1 share + 1 warrant (exercisable at C$0.10 for 2 years). Proceeds fund La Union project acquisition, North Island exploration, payables, and working capital. Subject to CSE approval.
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