Fortune Bay Corp. plans to advance its Goldfields Project in Saskatchewan with an Updated PEA by Q3 2025 and initiate permitting activities. The Ixhuatán Project in Mexico, renamed Poma Rosa, will see community consultations and exploration restart in late 2025. A resource review aims to update the historical mineral resource estimate, enhancing value for both projects.
GR Silver Mining temporarily paused field work at its Plomosas Silver Project in Sinaloa, Mexico, despite no violence or direct threats, to allow Mexican government efforts to improve regional security and stability. During the pause, the team continues office-based data modelling; the drilling program will resume when management deems it safe to do so.
Orogen Royalties Inc. reported record 2024 revenue of $7.9 million, up 34%, and net income of $4.3 million, up 126% from 2023. Royalty revenue rose due to higher gold prices and Ermitaño Mine output. Prospect generation income fell 54%. The company, with $26.8 million in working capital, announced a $421 million acquisition by Triple Flag Precious Metals, including a spin-out company.
Oroco Resource Corp. filed and received a receipt for a final short form base shelf prospectus with Canadian securities regulators, allowing future public offerings of securities over time. This gives the company flexibility to raise capital efficiently to advance its projects, including the Santo Tomás copper development in Mexico.
Vizsla Silver Corp. updated its at-the-market equity program to sell up to US$200 million in common shares to fund the Panuco Project, working capital, and general corporate purposes. The program, effective until shares are sold or the prospectus expires, involves Canaccord Genuity, CIBC Capital Markets, National Bank Financial, and BMO Capital Markets. The previous ATM agreement from September 2024 was terminated.
Odyssey Marine Exploration, Inc. welcomes a new Executive Order promoting U.S. offshore critical mineral development, aligning with its expertise in deep-sea exploration. The company, with no immediate plans to issue securities, has a $50 million shelf registration for future capital needs. Odyssey’s projects target battery metals and phosphates, supported by prior funding to sustain 2025 operations.
Americas Gold & Silver has been included in the Solactive Global Silver Miners Index (SIL), effective May 1, 2025. This reflects the company’s significant silver mining activities, revenue and market cap, and could help attract more institutional investment and improve liquidity as SIL is a major benchmark for many large funds.
Guanajuato Silver reported Q4 and full-year 2024 results on April 28, 2025, marking the third consecutive quarter of positive mine operating income ($2.7M, up 416%). Revenue rose 4% QoQ to $19M; produced 730k AgEq oz. Amended gold loan terms for flexibility; aims for debt-free growth.
Heliostar Metals Ltd. reported Q1 2025 results, producing 9,082 GEOs and selling 8,034 GEOs, on track for 31,000-41,000 GEOs annually. Cash costs were $1,175-1,275/GEO, and AISC was $1,375-1,475/GEO, meeting guidance. Gold sold at $2,875/oz. The company ended with $27M cash, no debt, and plans to expand drilling and increase production. Full reporting is expected in July 2025.
For the first quarter, the company reported sales was USD 4,195.52 million compared to USD 3,799.1 million a year ago.
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