Category: Investor’s Corner

Fresnillo sold most of its 9% stake in MAG Silver due to Pan American Silver’s acquisition agreement, which would convert its shares to less than 1% of Pan American, misaligning with its strategic goals. The sale reflects focus on Juanicipio mine’s strong performance. Proceeds will support growth and balance sheet strength. Fresnillo aims to collaborate with Pan American if the deal completes.

Newmont Corporation released its 2024 Sustainability and Taxes & Royalties Reports, showcasing its ESG performance and fiscal transparency. Highlights include $16 billion in economic contributions, $2.6 billion spent with local suppliers, and leading the Dow Jones Sustainability Index for the ninth year. The reports emphasize responsible mining, safety improvements, and community investments, aligning with global reporting standards.

Americas Gold and Silver Corporation (TSX: USA, NYSE: USAS) announced high antimony (90-96%), silver (98-99%), and copper recoveries from metallurgical tests at its Galena Complex in Idaho. With a current stock price of $0.559 USD, the company aims to become the only U.S. antimony producer, leveraging modern flotation to unlock value from a critical mineral previously unmonetized, enhancing shareholder value.

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.

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.