Sierra Metals Inc. reports that Alpayana S.A.C. raised its take-over bid for all Sierra common shares from C$1.11 to C$1.15 per share. After a strategic review, Sierra’s Board, advised by BMO, makes no recommendation on the offer due to its high conditionality and uncertainty. Shareholders are urged to review the offer and a forthcoming Notice of Change. The offer expires May 12, 2025.
Trafigura Group Pte Ltd. raised a record USD390M through a US Private Placement on May 6, 2025, across four tenors, including a new 12-year tranche. The placement, upsized from USD100M due to strong demand, refinances USD102M of maturities and adds USD288M in liquidity. Citi and MUFG acted as agents, with funding set for May 30, 2025.
Discovery Silver Corp. filed a final short form base shelf prospectus on May 5, 2025, replacing its March 2023 prospectus. The filing allows potential offerings of up to C$500M in securities over 25 months, enhancing financial flexibility for future business developments. Specific terms and use of proceeds will be detailed in future prospectus supplements.
Chesapeake Gold Corp. announces Alan Pangbourne’s immediate resignation as director to pursue other opportunities. The company thanks him for his service and wishes him well.
Vizsla Silver Corp. has resumed all field activities at its Panuco silver-gold Project in Mexico, including test mine development, geotechnical and exploration drilling, mapping, and geophysical surveys. The underground test mine’s portal box cut is complete, and ramp development progresses on schedule. Exploration focuses on the Animas discovery and Copala Resource, with two rigs active. A Feasibility Study is upcoming.
Apollo Silver Corp. appoints Ross McElroy as President and CEO, succeeding Andrew Bowering, who remains Chair. McElroy, a geologist with 38 years of experience, led Fission Uranium’s $1.14 billion acquisition by Paladin Energy. He receives 2,500,000 stock options. Apollo aims to advance its silver projects in California and Mexico under McElroy’s leadership.
Capstone Copper Corp. announced the voting results from its 2025 Annual General Meeting held May 2, 2025, in Vancouver. With 594,082,529 shares voted (77.96% of outstanding shares), shareholders approved all items, including setting the board at eight directors (96.27% for), electing directors (98.20%-99.98% for), re-appointing Deloitte LLP as auditor (99.90% for), and an advisory vote on executive compensation (91.87% for).
Newmont Corporation announced Natascha Viljoen’s promotion to President and Chief Operating Officer, effective immediately. Viljoen, who joined as COO in 2023, will continue reporting to CEO Tom Palmer. The promotion recognizes her leadership in safe operations and cost improvement following the Newcrest acquisition. Viljoen, previously CEO of Anglo American Platinum, aims to enhance value for stakeholders.
Endeavour Silver Corp. completed the $145 million acquisition of Minera Kolpa, including the Huachocolpa Uno Mine in Peru, with $80 million cash, $65 million in shares, and up to $10 million in contingent payments. The deal, funded by a $35 million copper stream and $50 million equity financing, adds a 1,800 tpd silver-focused mine producing 5.1 million silver-equivalent ounces in 2024, with plans to expand to 2,500 tpd.
Sierra Metals Inc. acknowledges Alpayana S.A.C.’s increased offer price from C$1.11 to C$1.15 per share for its proposed take-over bid, as announced on May 1, 2025. The bid’s expiry is extended to May 12, 2025. Sierra Metals’ board is reviewing the offer and will make a recommendation soon, noting the bid’s numerous discretionary conditions.
Mexico Mining Center © 2021 / All Rights Reserved
