Category: Investor’s Corner

Newmont Corporation’s subsidiary, Goldcorp Inc., sold 50.5 million common shares of Discovery Silver Corp. for CAD $124.07 million (CAD $2.457 per share) on May 8, 2025. Newmont’s ownership decreased from 14.95% (119.7 million shares) to 8.64% (79.2 million shares). Newmont may adjust its holdings based on market conditions. An Early Warning Report is available.

Orla Mining Ltd. reported a record Q1 2025 with 47,759 ounces of gold produced and 46,356 ounces sold. The all-in sustaining cost was $845 per ounce at Camino Rojo. The Musselwhite acquisition was completed, boosting 2025 production guidance to 280,000-300,000 ounces. A net loss of $69.8 million was driven by fair value adjustments, with adjusted earnings at $38.6 million.

Pan American Silver Corp. will acquire MAG Silver Corp. for $2.1 billion, offering $20.54 per MAG share in cash and stock. MAG shareholders gain a 21-27% premium and 14% ownership in Pan American. The deal includes MAG’s 44% stake in the high-grade Juanicipio mine, boosting Pan American’s silver production. The transaction, expected to close in late 2025, awaits shareholder and regulatory approvals.

Americas Gold and Silver Corporation reported Q1-2025 results, with revenue up 12% to $23.5 million due to higher silver prices. Silver production was 446,000 ounces, with expected increases in 2025 from Galena and Cosalá operations. Net loss was $18.9 million, driven by higher costs and metal price impacts. The company was included in the Solactive Global Silver Miners Index.

Silver Viper Minerals Corp. (TSXV: VIPR) has agreed to acquire the Cimarron Gold-Copper Project in Sinaloa, Mexico, from CSAC Holdings Inc. for 9,000,000 common shares. Located on a prolific porphyry belt, the project benefits from historical drilling and offers growth potential through infill and step-out work. Closing is subject to TSX Venture Exchange approval and due diligence.

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.