Orogen Royalties reported Q3 2025 net income before tax of $1.32M (up from $0.25M YoY), royalty revenue of $2.3M (+9%), operating cash flow of $3.2M, and working capital of $21.64M. The company remains debt-free.
Vizsla Silver Corp. closed a US$300M 5% convertible senior notes offering due 2031, raising ~US$286M net proceeds. Notes convert at ~US$5.84/share (25% premium), with capped calls to reduce dilution. Funds strengthen balance sheet (~2x Panuco capex), cut financing costs vs. traditional debt, and provide full flexibility for development, exploration, and shareholder-friendly actions.
GoGold Resources Inc. filed a final short form prospectus dated November 24, 2025 for its C$125 million bought deal public offering of 47,170,000 units at C$2.65 each, led by BMO Capital Markets. Each unit includes one common share and half a warrant exercisable at C$3.50 for three years. Closing is expected around November 27, 2025.
Silver Viper Minerals (TSXV:VIPR) has upsized its non-brokered private placement for the second time due to strong institutional demand, increasing the offering from C$15M to C$17M through the issuance of 21,250,000 units at C$0.80 each. Each unit consists of one common share and one 24-month warrant exercisable at C$1.20. Closing remains on track for around December 10, 2025, subject to TSXV approval.
Kingsmen Resources Ltd. (TSXV:KNG) closed its non-brokered private placement, raising $4.15 million by issuing 3,075,000 units at $1.35 each. Each unit includes one common share and one-half warrant (exercisable at $1.90 for two years). Proceeds will advance the Las Coloradas silver-gold project in Mexico and support working capital.
Osisko Development (NYSE/TSXV:ODV) is selling its 100% interest in the San Antonio Gold Project in Sonora, Mexico to Axo Copper (TSXV:AXO). Consideration includes shares representing 9.99% of Axo, 70% of any VAT refund, up to US$4M in contingent payments (feasibility study and first pour), and anti-dilution on Axo’s first US$10M raised. Transaction closes subject to TSXV approval.
Endeavour Silver is selling its Bolañitos mine to Guanajuato Silver for up to US$50M: US$40M upfront (US$30M cash + US$10M shares) plus up to US$10M contingent on production milestones. The deal, closing January 2026, allows Endeavour to focus on Terronera and Pitarrilla while streamlining its portfolio.
Silver Tiger Metals Inc. has filed a final short form prospectus for a C$40 million bought deal public offering of common shares at $0.73 each, with an over-allotment option potentially raising up to C$46 million. Closing expected November 26, 2025.
Silver Viper Minerals Corp. (TSXV: VIPR) has upsized its non-brokered private placement due to strong demand, now offering up to 18,750,000 units at $0.80 each to raise up to $15 million (from original ~$10–12M range). Terms unchanged; closing expected around December 10, 2025, subject to TSX-V approval. (48 words)
Sailfish Royalty Corp. (TSXV:FISH) reported Q3 2025 royalty revenue of $430k (up from $212k YoY) and total revenue of $879k. Gross profit rose to $764k, with net income of $1.72M (vs. prior loss). YTD net income reached $1.83M. Key drivers: increased silver stream deliveries and higher gold prices. Post-quarter, Sailfish paid a $0.0125/share dividend and announced a new gold stream + 2% NSR on the Mt. Hamilton project in Nevada.
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