Category: Investor’s Corner

Fortuna Mining Corp. reported record 2024 production: 369,637 oz gold, 3.7M oz silver, and 455,958 Au Eq oz, in line with guidance low end. Highlights include strong performance at Séguéla and Yaramoko. 2025 guidance: 334-373 koz gold, 0.9-1.0 Moz silver, 380-422 koz Au Eq; AISC $1,550-1,680/oz Au Eq, reflecting San Jose sale impact.

John MacKenzie, CEO of Capstone, commented, “The fourth quarter was an overall record for Capstone’s consolidated copper production, with our output up 14% and unit costs down approximately 9% quarter-over-quarter. Although total 2024 consolidated copper production of 184,458 tonnes finished slightly below our guidance range, largely attributable to ramp-up delays at Mantos Blancos and Mantoverde, we exited the year close to design production levels.”

Vizsla Silver Corp. announced on January 20, 2025, resumption of limited operations at its Panuco silver-gold project in Mexico to advance test mine and feasibility study, following an accident investigation and safety measures. Exploration activities expected to restart within the next week; employee safety prioritized.

Defiance Silver Corp. (Jan 20, 2025) closed the first tranche of a private placement, raising C$732,200 via 3,661,000 units at C$0.20 each (each: 1 share + ½ warrant at C$0.35/24 months). Proceeds for exploration and working capital. Paid finders’ fees: C$24,132 cash + 120,660 warrants. Clarified prior placement commissions as C$149,690.60.

Colibri Resource Corp (TSXV: CBI) announced a non-brokered private placement of up to 10M units at $0.025 each for $250K proceeds. Each unit: one share + one warrant ($0.05 exercise, 24 months). Funds for exploration at Pilar and EP Gold Projects in Mexico and working capital. Also received TSXV final acceptance on prior placement (corrected to 6.11M units, $305.5K) and disclosure fix.

Riverside Resources outlined its 2025 corporate outlook: it has a strong balance sheet (≈ C$4M cash, no debt), aims to advance exploration in Canada and Mexico, spin out Ontario gold assets into a new company, push follow-up work at Cecilia with partner Fortuna Mining, expand BC gold/REE targets, pursue JV/sale deals, and grow its royalty and broader asset base.

Mexico’s mining sector is set to lead in 2025 global trade, leveraging $88,462 million in 2023 mineral trade. As the top silver producer with vast lithium reserves, Mexico attracts investment despite economic volatility. Digitalization and green technologies drive opportunities, with diversification ensuring stability, says Zulma Herrera, CEO of Mynotauro Co.

Goldgroup Mining Inc. closed acquisition of a Loan Facility on January 15, 2025, to enforce rights and acquire Minera Apolo (owner of fully permitted Pinos gold project in Mexico). Consideration: 50M shares, USD $0.5M cash (within 18 months), USD $1.5M contingent on milestones. Payments deferred until title obtained; subject to TSXV approval.

“With the closing of this transaction, First Majestic is integrating a high-quality, long-life and positive free cash flow operation into our portfolio of producing mines in Mexico. Cerro Los Gatos is truly a world-class district with robust production and cost profile combined with meaningful exploration potential,” said Keith Neumeyer, President & CEO.

“Michael’s impact on MAG Silver cannot be overstated. His strategic insight, tireless advocacy for the Company, and dedication have left a lasting legacy. We wish Michael continued strength in his health journey and wish him all the very best in his retirement,” said George Paspalas, President and CEO of MAG Silver.