Category: Investor’s Corner

Luca Mining (TSXV: LUCA, OTCQX: LUCMF) reported strong Q3 2025 results: revenue $35M (+94% YoY), adjusted EBITDA $4.3M, tonnes milled +66%. Campo Morado ZnEq lbs +75%, Tahuehueto AuEq oz +74%. Generated $5.3M YTD net free cash flow pre-WC despite heavy capex. Revised 2025 FCF guidance to $5-10M (from $30-40M) due to lower grades/sequencing and higher development spend; production tracking below original targets but higher grades expected ahead. Capex raised to $29.4M.

GR Silver Mining Ltd. appoints Dr. Cástulo Molina Sotelo as Country Manager, Mexico. With 35+ years in mineral exploration, geology, and project management—including key roles at Coeur Mining and Palmarejo mine—he will advance the company’s 2026 initiatives, especially step-out drilling at the Plomosas Silver Project.

Discovery Silver (TSX: DSV, OTCQX: DSVSF) appointed Raymond Yip as CIO, Kara Byrnes as VP Exploration & Geology – Porcupine, Gerry Stinson as VP Environment – Porcupine (promoted), and Amanda Kasner as VP Business Optimization. All join from Agnico Eagle/Kirkland Lake Gold with deep expertise in IT, exploration, environment, and finance/strategy. SVP Finance Andreas L’Abbé has departed.

Silverco Mining (TSXV: SICO) engaged SGS to update the 2020 historical MRE at its 100%-owned Cusi silver project in Mexico. Update incorporates ~11,500m new drilling (2024+2025), adds San Miguel vein system (e.g. 7.5m @ 364 g/t AgEq), accounts for ~900kt depletion, tightens estimation parameters, and uses current economics. Updated NI 43-101 resource expected this quarter. Also engaged Capital Analytica for $150k marketing services.

Santacruz Silver Mining Ltd. appoints Bruce Wolfson, with 40+ years in international finance, law, and emerging markets in Latin America and Asia, to its board effective November 17, 2025. Roland Löhner will step down after the November 25 AGM, following over a decade of service.

Radius Gold (TSXV: RDU) appointed Alejandro Ly as VP Exploration. Ly, key in discovering Barrick’s 15+Moz Goldrush deposit, brings 25+ years of Americas experience. He will lead technical efforts, prioritize advancing Tierra Roja copper-gold project in Peru, and expand pipeline. Drilling fully prepared but awaiting final administrative access waiver on federal land.

Golden Minerals (OTCQB/TSX:AUMN) reported Q3 2025 net loss $2.4M (improved from $3.8M YoY), cash $1.7M. Sold Velardeña Properties for $3M (closed Oct 2025). Zero debt. Advancing Desierto (Argentina) and Sand Canyon (Nevada) exploration. Warns cash may run out Q2 2026 without new funding/asset sales.

DynaResource (OTCQX: DYNR) reported Q3 2025 results: revenue $14.1M (+26% YoY, -11% QoQ), net income $1.3M (vs. $0.9M loss YoY). Produced 4,830 oz gold (down YoY/QoQ due to lower grades/wet season); sold 4,780 oz. Falcon concentrators commissioned; 2025 guidance cut to ~21,000 oz. Focus on development, recoveries.

Mexican Gold Mining Corp. (TSXV: MEX) closed a $850,000 non-brokered private placement, issuing 10M units at $0.085 each. Each unit includes one share + one $0.12 warrant (exp. Nov 14, 2028). Proceeds for working capital; insider participated. Securities held until March 15, 2026.

Colibri Resource Corp. closed its over-subscribed private placement, issuing 9.94M units for C$1.49M gross proceeds. Each unit: one common share and one warrant exercisable at C$0.25 for 24 months. Proceeds fund exploration at Pilar and EP gold projects in Mexico and general working capital.