Category: Investor’s Corner

Aloro Mining Corp. will sell its Los Venados Property in Sonora, Mexico, to Alamos Gold Inc.’s subsidiary, Minas de Oro Nacional, for $420,000. The transaction, expected to close by December 31, 2025, is subject to regulatory and shareholder approvals. Post-sale, Aloro may not meet TSX Venture Exchange listing requirements and could transfer to the NEX board.

Goldgroup Mining Inc. closed a CAD $15 million private placement, issuing 27,272,727 units at $0.55 each, with each unit including one common share and half a warrant exercisable at $0.75 until November 7, 2026. Eric Sprott acquired 5,454,500 units for ~$3 million. Proceeds will fund Cerro Prieto exploration, equipment, Pinos Project updates, debt reduction, acquisitions, and working capital. Securities have a hold period until September 8, 2025, pending TSX Venture Exchange approval.

Silver Storm Mining Ltd. (TSX.V: SVRS) is advancing financing for the restart of its La Parrilla Silver Mine in Durango, Mexico. The company has received non-binding proposals from trading houses and debt providers for US$15-17 million in financing facilities, linked to multi-year lead and zinc concentrate offtake agreements. Proposals feature 36-48 month terms with SOFR-based interest rates, subject to due diligence and other conditions.

Canuc Resources Corporation completed its acquisition of Macdonald Mines Exploration Ltd., acquiring all Macdonald Mines shares by issuing 73,768,343 Canuc shares at an exchange ratio of 1.497 Canuc shares per Macdonald Mines share. The deal, pending final TSXV approval, makes Macdonald Mines a wholly owned Canuc subsidiary, integrating the 19,710-hectare SPJ Project in Sudbury, Ontario, with Canuc’s San Javier Silver-Gold Project in Mexico. The acquisition aims to leverage synergies for new discoveries and cash flow from mine tailings.

MAG Silver Corp. reported a record net income of $28.7 million ($0.28 per share) for Q1 2025, driven by strong Juanicipio performance. Juanicipio processed 337,017 tonnes of ore, achieving 96% silver recovery and producing 4.5 million silver ounces. MAG received $61.5 million from Juanicipio, including a $59.4 million dividend. The company declared a $0.20 per share dividend, payable May 28, 2025.

MAG Silver Corp. declared a total dividend of $0.20 per share, comprising a fixed $0.02 per share and a cash flow-linked $0.18 per share (about 30% of $61.5 million from Juanicipio), payable on May 28, 2025, to shareholders of record as of May 19, 2025. The dividend is an “eligible dividend” under Canada’s Income Tax Act, subject to withholding taxes for non-residents. Future dividends depend on Board approval, financial position, and other factors.

Pan American Silver Corp. (NYSE: PAAS) (TSX: PAAS) held its annual general and special meeting on May 7, 2025, in Vancouver, with 68.52% of shares represented. Shareholders approved all proposals, including setting the board size at nine directors (99.51% for), electing all nominated directors (80.65%-99.75% for), appointing Deloitte LLP as auditors (89.98% for), and endorsing the executive compensation approach (95.38% for). The stock price for PAAS is currently $25.695 USD.

Equinox Gold Corp. reported Q1 2025 results, producing a record 145,290 ounces of gold, with sales of 147,920 ounces at $2,858/oz. Cash costs were $1,769/oz, and AISC was $2,065/oz. The company recorded a net loss of $75.5 million ($0.17/share) and adjusted EBITDA of $137.9 million. Operations at Los Filos were suspended indefinitely due to an expired community agreement. Equinox Gold is advancing a merger with Calibre Mining, expected to close in Q2 2025, creating a diversified gold producer. The stock price for EQX is currently $6.07 USD.

First Majestic Silver Corp. reported record Q1 2025 financial results, with revenue of $243.9 million (+130% Y/Y), driven by 7.7 million AgEq ounces produced, including a record 3.7 million silver ounces (+88% Y/Y). Cash flow from operations hit $110 million, with a record cash balance of $462.6 million. Mine operating earnings were $63.8 million, and net earnings were $6.2 million ($0.01 EPS). Cash costs fell 9% to $13.68/AgEq oz, and AISC dropped 11% to $19.24/AgEq oz. A $0.0045/share dividend was declared, payable May 30, 2025. The stock price for AG is currently $7.43 USD.

Fortuna Mining Corp. reported a record $111.3 million in free cash flow for Q1 2025, up 30% from Q4 2024, with a 38% margin. Attributable net income was $61.7 million ($0.20/share). Gold equivalent production reached 103,459 ounces, with lower cash costs ($929/GEO) and AISC ($1,640/GEO). The company divested the San Jose Mine and plans to sell Yaramoko, redirecting capital to high-value opportunities.