Oroco Resource Corp. announced three key developments for its Santo Tomás Copper Project in Mexico: 1) an application to realign a river to access over 2 billion lbs of CuEq, enhancing project scale; 2) engagement of top environmental law firm Pontones & Ledesma for permitting; and 3) an application for TSX listing to boost visibility and liquidity.
El gobernador Alfonso Durazo inauguró la segunda etapa de la Unidad Deportiva de Banámichi, fomentando el deporte y el bienestar juvenil. Este proyecto, en colaboración con First Majestic Silver Corp, el ayuntamiento y CECyTES, fortalece el tejido social en la región del Río Sonora. Durazo destacó la importancia de inversiones mineras socialmente responsables que generen prosperidad compartida.
Silver Spruce Resources Inc. has acquired full ownership of the Jackie Au-Ag Project in Sonora, Mexico, by purchasing Colibri Resource Corporation’s 50% interest for $25,000 in shares and a 1% NSR royalty. The company also relinquished its 25% interest in the Diamante Project to Colibri. This realignment focuses Silver Spruce’s portfolio on high-potential, early-stage assets, including Jackie, Pino de Plata, and Melchett Lake.
Colibri Resource Corporation announced strategic moves to bolster its assets and capital structure. These include increasing its ownership in the Diamante Gold-Silver Project to 60%, acquiring its partner’s remaining interest, selling its 50% stake in the Jackie Project, and implementing a share consolidation. These actions aim to advance Colibri’s key exploration projects, including the Pilar and EP Gold Projects, enhancing shareholder value.
Santacruz Silver Mining Ltd. provides a bi-weekly update on its temporary management cease trade order (MCTO) issued May 1, 2025, due to delayed filing of its 2024 annual financial statements. The company is working with its auditor to complete the filings, with no material changes or additional defaults reported. Bi-weekly updates will continue as required under NP 12-203.
Discovery Silver Corp. acquired the Porcupine Complex, establishing itself as a Canadian gold producer, while advancing its Cordero silver project in Mexico. Q1 2025 reported a $9.3 million net loss, with $250 million in cash for growth. Cordero’s land acquisition was completed in March 2025. A limited work program continues, focusing on engineering, permitting, and community outreach to advance and de-risk the project.
Avino Silver & Gold Mines Ltd. reported record Q1 2025 financials, with $5.6M net income ($0.04/share), $18.8M revenue (up 52%), and $10.6M gross profit (up 352%). EBITDA reached $9.7M, and working capital hit $31.3M. Production rose 8% to 678,458 AgEq ounces. La Preciosa development progressed, with capital expenditures at $2.3M. Cash costs dropped 15% to $12.62/oz.
Empress Royalty Corp. reported a 2.8x revenue increase for Q1 2025, with royalty and stream revenue of $2.74M and total revenue of $1.85M. The company achieved positive operating cash flow of $1.75M, adjusted EBITDA of $1.39M, and net income of $0.44M, compared to a $0.53M loss in Q1 2024.
Odyssey Marine Exploration, Inc. (NASDAQ: OMEX) reported Q1 2025 results, regaining Nasdaq compliance with a $1.00+ bid price for ten days. Investors injected over $2M since April 29 via stock purchase options and warrants. The U.S. Executive Order on Offshore Critical Minerals aligns with Odyssey’s global projects, positioning it to address mineral supply challenges.
Gold Resource Corporation reported Q1 2025 results for its Don David Gold Mine, producing 3,394 AuEq ounces (859 gold, 230,320 silver). A net loss of $8.3M ($0.07/share) was driven by lower production due to aging equipment and limited production zones. Cash costs were $2,494/AuEq oz, AISC $3,252/AuEq oz. The company raised $15.0M to fund Three Sisters development.
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