Equinox Gold Corp. reports Q2 2025 production of 219,122 ounces, including 51,274 from Greenstone and 72,823 from Calibre Mining assets. Greenstone is ramping up for a stronger H2, while Valentine Gold Mine is on track for first ore in late August. The Calibre merger enhances Equinox’s portfolio, with $406 million in cash and 785,000–915,000 ounces projected for 2025.
Starcore International Mines Ltd. plans to spin out its Côte d’Ivoire exploration interests, covering 1,393 km² including the Kimoukro Gold Project, into a new subsidiary, EU Gold Mining Inc., which will seek a separate Canadian listing. Starcore shareholders will receive one EU Gold share for every two Starcore shares. The move allows Starcore to focus on its Mexican gold and silver assets, while EU Gold develops African properties. The spin-out requires shareholder and regulatory approvals.
Royal Gold Inc. will acquire Sandstorm Gold Ltd. for $3.5 billion in an all-stock deal and Horizon Copper for $196 million in cash, boosting its North American gold streaming portfolio. The deals, offering significant premiums, will add 40 producing assets, increasing Royal Gold’s 2025 production by 26%. The merged entity will operate 80 assets, with precious metals driving 87% of revenue. Closures are expected by Q4 2025, pending approvals.
In a heist near Guadalajara, armed criminals in two vehicles stole a truck carrying 33 tons of gold and silver concentrate from Grupo Minero Bacis S.A. de C.V. on the Durango-Manzanillo highway. The driver and guards were held for 90 minutes but unharmed. The truck was recovered, but the cargo’s whereabouts are unknown. The company suspended operations for safety.
Aura Minerals Inc. launches a U.S. public offering of common shares to raise approximately US$210 million, with shares to be listed on Nasdaq under “AUGO.” The offering, managed by BofA Securities and Goldman Sachs, is U.S.-only via prospectus. No preemptive rights apply, and the offering isn’t registered in Brazil or Canada. A 30-day underwriter option is included.
Royal Gold, Inc. will acquire Sandstorm Gold Ltd. for ~US$3.5B in shares (0.0625 Royal Gold per Sandstorm share, 21% premium) and Horizon Copper Corp. for US$196M in cash (C$2.00/share, 85% premium). The deals add 40 producing assets, boosting 2025 GEO production by ~26%, enhancing Royal Gold’s diversified precious metals portfolio.
Silver Storm Mining Ltd. closed the final tranche of its non-brokered private placement, raising C$129,650.04 by selling 997,308 units at $0.13 each, totaling C$4,004,000 across both tranches. Each unit includes one common share and one warrant exercisable at $0.20 for 36 months. Proceeds will fund mine processing equipment, La Parrilla facility rehabilitation, and general operations, pending TSXV approval.
MAG Silver Corp. urges shareholders to vote by July 8, 2025, at 9:00 a.m. (Vancouver time) for the proposed arrangement with Pan American Silver Corp. The special meeting is set for July 10, 2025, in Vancouver. Voting support is recommended by MAG’s Board and proxy advisors ISS and Glass Lewis.
Almaden Minerals Ltd. and Almadex Minerals Ltd. filed a Memorial in their arbitration against Mexico under the CPTPP, claiming Mexico unlawfully expropriated their Ixtaca project, denied fair treatment, and discriminated against them. The Memorial, now public on ICSID’s website, details Mexico’s actions that led to the loss of their mineral concessions. Mexico’s jurisdictional objections are under review.
Santacruz Silver Mining Ltd. has made a third US$7.5 million payment to Glencore, advancing its plan to exercise the Acceleration Option for the Bolivian assets acquisition. Following a US$10 million initial payment and a second US$7.5 million, the remaining US$15 million of the US$40 million total is due by October 31, 2025, aiming to save US$40 million while maintaining financial discipline.
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