Guanajuato Silver Company Ltd. received Mexico’s Socially Responsible Enterprise certification for its 2024 community outreach programs. The company finalized amended terms for its Gold Credit Facility with Ocean Partners, reducing monthly payments and issuing 4,550,000 warrants. The new facility has a 7182-ounce gold balance, with two-thirds amortized over 36 months, enhancing financial flexibility for growth.
Southern Empire Resources Corp. announced a fully subscribed non-brokered private placement of 2,000,000 units at $0.05 each, raising $100,000. Each unit includes one common share and one warrant, exercisable at $0.10 per share for three years. No finders’ fees apply, and securities have a four-month resale restriction. Funds will support administrative costs for Mexican mineral properties and working capital. TSX-V approval is pending.
Defiance Silver Corp. finalized a six-year agreement for surface exploration, drilling, and engineering studies at its Tepal Gold-Copper Project in Michoacán, Mexico. The deal includes annual cash payments adjusted for inflation and US$40,000/year in common shares, capped at 1,400,000 shares. For 2025, 201,452 shares will be issued at C$0.27, pending TSX Venture Exchange approval.
Discovery Silver Corp. announced key executive appointments effective June 16, 2025: Amy Hu as SVP, Legal and Sustainability, and Darin Smith as SVP, Corporate Development. Promotions include Forbes Gemmell to EVP, Business Development & Growth, Mark Utting to SVP, Investor Relations, and Gord Leavoy to SVP, Mineral Processing, strengthening the leadership team to drive growth following the Porcupine Complex acquisition.
Santacruz Silver Mining Ltd. appointed Andrés Bedregal as Chief Financial Officer, effective June 16, 2025, after serving as interim CFO since October 2024. Bedregal, also CFO of subsidiary Sinchi Wayra S.A., has strengthened the company’s financial health, improved reporting systems, and secured better terms for a Bolivian asset acquisition. His expertise in financial planning and M&A will drive Santacruz’s growth.
Grupo Mexico will sell most of its highway business, including stakes in CIBSA, OIBSA, and Autopista Silao, for 7.7 billion pesos ($406.4 million). The deal, pending regulatory approval, is set to close in late 2025. Funds will support investment projects and general corporate expenses across Grupo Mexico’s operations.
Chesapeake Gold Corp. completed a $4.44M non-brokered private placement with Eric Sprott’s 2176423 Ontario Ltd., issuing 3.7M units at $1.20 each. Each unit includes one share and half a warrant, exercisable at $1.65 for three years. Proceeds will fund oxidative leach technology, exploration, and working capital. Sprott now holds 17.9% of shares. The transaction, a related party deal, awaits TSXV approval.
In Mexico City, a Federal Labor Court ruled that the Tizapa Mining Company’s actions caused a nine-month strike by Section 219 of the National Mining Union. The court ordered the company to pay full back wages and address contract violations. The union, led by Napoleón Gómez Urrutia, hailed the ruling as historic, citing the company’s refusal to share profits and ensure safety.
Santacruz Silver Mining Ltd. reported strong Q1 2025 results, with revenues up 34% to $70.3M, gross profit soaring 6882% to $27.9M, and adjusted EBITDA rising 2202% to $27.5M. Despite a 93% drop in net income, cash reserves grew 706% to $32.5M. Silver equivalent production fell 5%, but costs per ounce decreased significantly. The company maintains a robust financial position.
Odyssey Marine Exploration, Inc. has advanced its PHOSAGMEX joint venture with Capital Latinoamericano by transferring mining concession rights, aiming to establish a domestic fertilizer supply for North American food security. Despite failing to pass proposals for increasing authorized shares and a reverse stock split at its June 9, 2025, stockholder meeting, Odyssey’s strategy remains unaffected. CEO Mark Gordon will discuss progress at the Emerging Growth Conference on June 17, 2025.
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