Category: Investor’s Corner

Santacruz Silver Mining Ltd. reported strong FY 2024 results, with revenues up 13% to $283 million, gross profit soaring 1670% to $57 million, and net income rising 1594% to $165 million. Adjusted EBITDA increased 200% to $53 million, and cash reserves grew 622% to $36 million. Despite a 1% drop in silver equivalent ounces produced, operational improvements and favorable silver prices drove growth.

Golden Minerals Company announced Anil Jiwani as Chief Financial Officer, effective June 1, 2025, succeeding Joe Dwyer, who resigns May 31, 2025. Jiwani, with 20 years of accounting and financial management experience, joins via Avisar Everyday Solutions Ltd., which will provide outsourced accounting services. Jiwani’s expertise is expected to enhance financial operations while reducing costs.

Canasil Resources Inc. completed and filed its 2023 and 2024 Audited Financial Statements and Annual Reports on SEDAR+, bringing financial filings up to date. The Q1 2025 Quarterly Report will be delayed until June 16, 2025. The Company is working to revoke a Cease Trade Order to resume normal trading and is reviewing its mineral property portfolio.

GR Silver Mining Ltd. closed a non-brokered private placement, issuing 14,190,000 units for $1,844,700. The company paid $104,442 and issued 803,400 finder’s warrants, exercisable at $0.19 for two years. Securities have a hold period until September 28, 2025, per TSXV rules. The offering is not registered under U.S. securities laws.

Luca Mining Corp. reported a strong Q1 2025 with $4.5M net earnings, $7.6M EBITDA, and $11.7M free cash flow. Record revenues rose 117% to $47.4M, driven by 51% higher gold equivalent production (21,293 ounces). Both Campo Morado and Tahuehueto mines saw significant throughput growth. The company reduced debt by $8.4M, maintaining $24.6M in cash. Exploration continues to show promising results.

Bear Creek Mining reported Q1 2025 results, producing 8,262 oz gold and 36,466 oz silver at Mercedes Mine. The company raised $10 million through a private placement, deferred debt interest payments, and issued a $6.5 million promissory note. A strategic review was initiated, and board changes occurred. Revenue was $23.7 million, with a $13.3 million net loss.

Avino Silver & Gold Mines Ltd. held its 2025 AGM, with all resolutions passed. Shareholders approved a five-director board, elected Michael Clark as a new director, and appointed Ronald Andrews as Chairman. Deloitte LLP was appointed as auditor. Avino filed a US$100 million base shelf prospectus, enabling future securities offerings over 25 months.

Prime Mining Corp. has selected Ausenco to conduct a Preliminary Economic Assessment (PEA) for its Los Reyes gold-silver project in Mexico, targeting completion in Q3 2025. The PEA will leverage extensive drilling and technical work, aiming for a high-return, low-capital project. Prime will continue exploration to expand resources and engage local communities.

Coeur Mining, Inc. announced a $75 million share repurchase program, effective through May 31, 2026, to enhance shareholder value. The decision reflects confidence in strong free cash flow from higher metal prices, the Las Chispas mine acquisition, Rochester mine expansion, and consistent operations. Repurchases will occur opportunistically, balancing debt reduction and reinvestment in growth opportunities.