Capstone Copper Corp. announces that it has successfully completed the pricing of its offering of $600 million aggregate principal amount of 6.750% senior notes due 2033.
Arturo Préstamo, Executive Chairman and CEO of Santacruz, commented: “This accelerated payment to Glencore highlights our strong financial discipline and commitment to seeking out and capitalizing on opportunities to enhance shareholder value.”
Revenues for the full year of 2024 increased 72% to $14.9 million, an increase of $6.2 million compared to revenues reported in calendar year 2023 of $8.7 million. Cost of sales decreased 5%, or $567K, during the same period. This in-turn allowed gross profit to increase 204%, or $6.8 million.
Heliostar Metals Ltd. upsized its previously announced bought deal equity financing to C$17 million, issuing 17 million common shares at C$1.00 each. Underwriters have an over-allotment option for 3 million more shares. Proceeds will fund Mexican project development and general corporate purposes. Closing expected March 28, 2025.
The Company intends to apply the gross proceeds from the sale of the Notes to repay project financing debt at its Mantoverde S.A. subsidiary, to pay down debt on the Company’s senior secured revolving credit facility, and for general corporate purposes.
Jody Kuzenko, President & CEO of Torex, stated: “The year-end 2024 mineral reserve estimate reflects the new base case for the Morelos Complex which, including first production from EPO in late 2026, solidifies annual payable production of at least 450,000 gold equivalent ounces through 2030 and a reserve life out to at least 2035.”
GoGold Resources Inc. announced a C$75 million bought deal financing, issuing 41,210,000 common shares at C$1.82 per share. Underwriters, led by BMO Capital Markets, have a 15% over-allotment option. Proceeds will fund Los Ricos South development, exploration, and general corporate purposes. Closing expected April 4, 2025.
Heliostar Metals Ltd. is pleased to announce that it has entered into an agreement with Cormark Securities Inc. and Velocity Trade Capital Ltd. as co-lead underwriters on behalf of a syndicate of underwriters pursuant to which the Underwriters have agreed to purchase on a bought deal basis 12,000,000 common shares of the Company at a price of C$1.00 per Share.
Greg Davison, Silver Spruce Vice-President Exploration and Director stated, “We are very pleased to welcome Paul and Bill to our Advisory Board. Both gentlemen have a multi-faceted wealth of experience to drive the Company forward with their business acumen and technical expertise.”
Questcorp Mining Inc. closed an oversubscribed non-brokered private placement on March 19, 2025, raising C$2.75M by issuing 45.83M units at C$0.06 each (1 share + 1 warrant exercisable at C$0.10 until March 19, 2027). Proceeds fund La Union project, North Island exploration, payables, and working capital. Finder’s fees: C$181K cash + 3.02M warrants.
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