Category: Investor’s Corner

Torex Gold released its 2025 Responsible Gold Mining Report, highlighting strong ESG performance at its Mexican operations. Key achievements included zero reportable environmental incidents, 83% water recycling, a 68% reduction in Scope 1 greenhouse gas emissions, 95% of procurement spending in Mexico, and US$3.9 million invested in community development projects across 12 host communities.

Luca Mining reported strong Q1 2026 results, with revenue rising 40% to US$57.6 million, net earnings increasing to US$12.6 million, and adjusted EBITDA reaching US$25.4 million. Cash grew 43% to US$36.4 million, supported by strong operating cash flow. The company continued investing in mine development, infrastructure, and exploration at its Campo Morado and Tahuehueto operations in Mexico.

Minera Alamos Inc. closed a US$75 million revolving credit facility with Scotiabank and National Bank, using an initial US$45 million drawdown to refinance higher-cost debt and remove gold delivery obligations with Auramet. The financing strengthens liquidity, extends debt maturity to 2029, and supports development of the Copperstone, Gold Rock, and Cerro de Oro projects without equity dilution.

Americas Gold & Silver reached an agreement with an affiliate of Royal Gold to settle its remaining fixed gold delivery obligation at the Cosalá Operations in Mexico. The company will make a cash payment of approximately US$10.6 million, eliminating future gold deliveries under the agreement. Management said the settlement simplifies the capital structure and increases exposure to future gold production.

Minera Alamos Inc. reported record Q1 2026 results, including US$39.2M revenue, US$10.9M net earnings, and EBITDA of US$15.3M, driven by strong production at its Pan Mine in Nevada. The company ended the quarter with US$45.5M cash, plans to close a US$75M credit facility, advance Copperstone development, and rebrand as Mining Americas Inc.

Golden Minerals closed a public equity financing, issuing common shares and warrants to raise gross proceeds of approximately US$4.6 million. The company plans to use the funds for working capital, evaluation of strategic opportunities, and advancing its exploration assets. The financing strengthens Golden Minerals’ balance sheet as it continues reviewing alternatives following the suspension of mining operations.

Alamos Gold Inc. announced several senior management appointments to support its long-term growth strategy. James Clark was appointed VP, Canadian Operations, while Marcelo Martinez was promoted to VP, Mexico Operations. Scott Parsons was promoted to SVP, Exploration, and Adrian Paulse to VP, Information Technology. The changes strengthen leadership across Alamos’ expanding operations and development pipeline.

Sierra Madre Gold and Silver Ltd. received approval from Mexico’s antitrust agency, COFECE, for its acquisition of the Del Toro silver mine from First Majestic Silver Corp.. The fully permitted Zacatecas mine includes a 3,000 tpd plant and extensive underground infrastructure. Sierra Madre plans to restart Del Toro in 2027, targeting production by mid-2028.

Mexican courts ruled that Capstone Copper owes unpaid 2% NSR royalties on parts of the Cozamin mine to Minera Portree dating back to 2019. Claims could exceed US$50 million including arrears, interest, and future royalties. Capstone’s appeal (“amparo”) remains pending, with a final federal decision expected in coming months.

VVC Exploration said the Ontario Securities Commission rejected its request for a Management Cease Trade Order. Unless overdue filings are completed by June 1, 2026, trading may be suspended. Delays relate to valuation work tied to CYRB. The company also corrected earlier statements regarding CYRB management changes and continues evaluating financing alternatives.