Category: Investor’s Corner

Mexico climbed to 49th in the 2024 Fraser Institute’s Mining Investment Attractiveness Index, up from 74th in 2023, driven by a significant increase in its Geological Potential Index score (from 37.50 to 64.29). Political Perception Index improved slightly. Concerns include regulatory inconsistencies and environmental uncertainties, while geological database and political stability concerns eased. Mexico ranks below several Latin American peers but above Brazil, Ecuador, and Colombia.

Kootenay Silver Inc. announced the filing of an NI 43-101 technical report for the first Mineral Resource Estimate of its Columba Silver Project in Chihuahua, Mexico. The Inferred Mineral Resource is 5.92 Mt grading 284 gpt silver, 0.19% lead, and 0.50% zinc. Drilling has resumed to extend mineralized zones, with all veins open to depth.

Capstone Copper Corp. reported record Q2 2025 financials, with all-time high revenue and quarterly adjusted EBITDA of $215.6 million. Copper production hit 57,416 tonnes at $2.45/lb C1 cash costs. Net income was $24.0 million, and net debt dropped to $691.9 million. The company reaffirmed 2025 guidance and received the Mantoverde Optimized permit, boosting future growth prospects.

Osisko Development Corp. announced a US$120 million “bought deal” private placement of 58,560,000 units at US$2.05 each, alongside a US$75 million non-brokered placement to a strategic investor. Each unit includes a common share and half a warrant, exercisable at US$2.56 for 24 months. Proceeds will fund the Cariboo Gold Project and general corporate purposes. Closing is expected around August 15, 2025, pending regulatory approvals.

Sierra Madre Gold and Silver Ltd. closed the second tranche of its $19.5M private placement, raising $1.75M by issuing 2.5M units at $0.70 each. Each unit includes one share and half a warrant, exercisable at $0.85 for 12 months. Proceeds will fund Guitarra mine expansion, East District exploration, and general corporate purposes.

Discovery Silver Corp. appointed Alison White as Chief Financial Officer, effective July 31, 2025. With over 20 years of finance and operations experience, including CFO roles at SSR Mining and regional CFO at Newmont, White will support the growth of Discovery’s Porcupine Operations. Former CFO Andreas L’Abbé transitions to Senior Vice President, Finance, to lead integration efforts.

Oroco Resource Corp. signed a cooperation agreement with Mexico’s Sembrando Vida program to support environmental conservation and community development in Choix, Sinaloa, near its Santo Tomás Project. The partnership focuses on restoring degraded land, promoting sustainable agriculture, and enhancing local ecosystems through agroforestry and reforestation. Oroco will provide material, logistical, and advisory support, aligning with its ESG strategy.

Alamos Gold Q2 2025: Produced 137,200 oz gold, sold 135,027 oz at $3,223/oz for $438.2M revenue. AISC $1,475/oz. Net earnings $159.4M ($0.38/share); record operating cash flow $199.5M and free cash flow $84.6M. Reaffirmed 2025 guidance of 580-630 koz.

Agnico Eagle reported record Q2 2025 free cash flow of $1.3B and adjusted net income of $976M ($1.94/share). Gold production was 866,029 ounces at $933/oz cash costs. The company transitioned to a $963M net cash position, repaid $550M in debt, and returned $300M to shareholders via dividends and buybacks. 2025 guidance remains unchanged.

Sierra Metals Inc. shareholders approved a second-step acquisition by Alpayana Canada Ltd., involving an amalgamation with a new subsidiary, with 99.95% voting in favor. Shareholders will receive C$1.15 per share upon completion, expected around August 1, 2025. Fernando Arrieta, José Cúneo, and Dustin Perry were elected as directors, and KPMG LLP was appointed as auditor.