In 2025, the Company expects to achieve total attributable production from its four operating mines in Mexico of between 27.8 to 31.2 million silver equivalent ounces, including 13.6 to 15.3 million ounces of silver.
Heliostar CEO Charles Funk commented, “Repayment of this loan is another significant milestone for Heliostar. In November 2024, the Company completed the acquisition of producing gold assets with a clear upside for less than one percent equity dilution by taking on debt. Using debt was assessed to be the best outcome for shareholders to minimize dilution.”
Defiance Silver Corp. (Feb 13, 2025) closed the third and final tranche of its upsized private placement, raising C$975,000 via 4,875,000 units at C$0.20 each (each: 1 share + ½ warrant at C$0.35/24 months). Total raised: C$3,267,800 (16,339,000 units). Finders’ fees paid; proceeds for exploration and working capital.
GoGold Resources Inc. reported Q1 2025 financial results (quarter ending Dec 31, 2024) on Feb 12, 2025, with record $19.1M revenue at Parral from 625,972 AgEq oz sold at $30.51/oz. Production: 551,337 AgEq oz; operating cash flow $7.9M; cash $76.0M (+$4.3M). Appointed Jorge Aguirre to the board effective Feb 10, 2025.
Guanajuato Silver Company Ltd. is pleased to announce the receipt from the TSX Venture Exchange of approval for graduation from Tier 2 Issuer Status to Tier 1 Issuer Status. GSVR will commence trading as a Tier 1 Issuer on February 14, 2025.
The mining division posted revenue of $12.4bn, a 14.1% increase over the previous year and a 17.4% increase from the fourth quarter of 2024 (Q4 2023), attributed to increased sales volumes in copper, zinc and most by-products and higher prices, except for molybdenum.
Apollo Silver outlined its 2025 work program at the Calico Silver Project in California, focusing on defining a barite resource and mapping/sampling gold targets to support future drilling. It also noted progress toward re-engaging stakeholders at the Cinco de Mayo Project in Chihuahua, Mexico, where new local leadership may enable renewed discussions about project access after years of restrictions.
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.
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