Category: Investor’s Corner

Fortuna Mining Corp. reported Q3 2025 production of 72,462 gold equivalent ounces (GEO) from its three operating mines in West Africa and Latin America, with 251,871 GEO year-to-date. Séguéla Mine produced 38,799 ounces, Lindero Mine 24,417 ounces, and Caylloma Mine 9,246 GEO. Fortuna reiterates its 2025 guidance of 309,000-339,000 GEO, with Séguéla on track to exceed its upper guidance.

First Majestic Silver Corp. disposed of 37,600,000 shares of Silver Storm Mining Ltd. at CAD$0.2318 per share for CAD$8,715,680. Ownership reduced from 24.16% non-diluted (178.35M shares + 25.67M warrants) to 19.07% non-diluted (140.75M shares + warrants). Held for investment purposes.

Kootenay Resources Inc. closed a $247,450 non-brokered private placement, issuing 2,690,000 non-flow-through units at $0.05 and 2,053,636 flow-through units at $0.055. Each unit includes a share and a warrant, exercisable at $0.12-$0.15 for five years. Funds will support the Moyie Anticline Project and working capital. Securities have a resale restriction until February 6, 2025.

Silver Tiger Metals Inc. closed a bought deal offering, selling 39,962,500 shares at C$0.72 each, raising C$28,773,000. Proceeds will fund exploration and development at the El Tigre Project in Mexico and general corporate purposes. The offering was led by Stifel Nicolaus Canada Inc. and Desjardins Capital Markets, with a 6% commission, reduced for certain orders. The October 2024 PFS projects robust economics for the El Tigre open pit, with a US$222 million NPV and 40% IRR.

Southern Empire Resources Corp. announced Monumental Minerals (Fortuna Mining Corp.) completed exploration at the Centauro Gold Project, Chihuahua, Mexico, defining 56 drill pads. A 3,500m drilling program targeting precious metals at 300-400m depths starts October 2025. Southern Empire retains a 1% NSR royalty and US$975,000 in potential payments. Centauro shows epithermal/Carlin-style potential, akin to the Pedro Gold Project.

Equinox Gold Corp. reported a record Q3 2025, producing 236,470 ounces of gold, with year-to-date production at 634,428 ounces. Greenstone Mine saw a 10% increase in mining rates and 13% higher mill grades. Valentine Gold Mine poured first gold ahead of schedule on September 14, averaging 57% of nameplate capacity. The company reduced debt by US$139 million and sold Nevada assets for US$115 million.

Grupo México, led by billionaire Germán Larrea, offered to buy up to 100% of Citigroup’s Banamex, valuing it at ~US$2.6B, after failed 2023 talks. The proposal respects Fernando Chico Pardo’s recent 25% stake purchase. Citi prefers an IPO but will review the offer. Grupo México’s stock fell 18.8% amid the news.

Pantera Silver Corp. (TSXV: PNTR) announces a non-brokered private placement of up to 5M units at $0.50 each, targeting $3.5M. Each unit includes one common share and half a warrant (exercisable at $0.75 for 2 years). Proceeds for exploration, acquisitions, and working capital. Subject to TSXV approval and 4-month hold.

Mexican Gold Mining Corp. (TSXV: MEX) has arranged a non-brokered private placement of up to 10M units at $0.085 each, targeting $850K in proceeds. Each unit comprises one share and one warrant (exercisable at $0.12 for 3 years). Funds for working capital; subject to TSXV approval and 4-month hold period.

Quetzal Copper Corp. (TSXV: Q) received conditional TSX Venture Exchange approval for its reverse takeover of Silverco Mining Corp. The deal, closing ~Oct. 16, 2025, will rename Quetzal to Silverco Mining Ltd. (SICO) as a Tier 2 mining issuer. Full details in the Oct. 3 Filing Statement on SEDAR+.