Sierra Madre Gold and Silver Ltd. closed the first tranche of a $19.5M private placement, raising $17.75M by issuing 25.36M units at $0.70 each, including one share and half a warrant exercisable at $0.85 for 12 months. Funds will support Guitarra mine expansion, East District exploration, and corporate purposes. The offering awaits TSX Venture Exchange approval.
Mammoth Resources Corp. received TSX Venture Exchange approval for a first tranche closing of 21,821,902 units at $0.025 each, raising $545,548. Each unit includes one common share and one-half warrant, exercisable at $0.05 for 18 months. The funds are part of an upsized private placement targeting up to $980,000. Mammoth focuses on its 100%-owned Tenoriba gold property in Mexico.
Fresnillo plc reported robust Q2 2025 production with 12.5 moz of attributable silver (up 1.0% vs. Q1 2025, down 14.7% vs. Q2 2024) and 157.7 koz of gold (up 1.0% vs. Q1 2025, up 21.3% vs. Q2 2024). Strong performance at Herradura drove gold output, while silver was impacted by lower grades and Silverstream. The company maintains its 2025 guidance.
MAG Silver Corp. reported Q2 2025 production from Juanicipio (56% MAG, 44% Fresnillo), processing 343,000 tonnes of ore, with silver grades at 417 g/t and production of 4.3 million silver ounces and 10,465 gold ounces. Lead and zinc output rose 9% and 21%, respectively. A tragic fatality in July prompted a safety review. Full-year guidance remains on track, with comprehensive results due August 11, 2025.
Pinnacle Silver and Gold Corp. issued a clarification on July 22, 2025, at CIRO’s request, detailing high-grade underground sampling at El Potrero’s Pinos Cuates mine: up to 85.1 g/t Au and 520 g/t Ag over 0.5m, with composites including 50.3 g/t Au over 1.7m. Plans underground drilling.
Avino Silver & Gold Mines Ltd. reported a 5% increase in Q2 2025 silver equivalent production, reaching 645,602 ounces, with record mill throughput of 190,987 tonnes. Gold and copper production rose 17% and 12%, respectively, despite lower silver output. The company maintains a strong balance sheet with US$37 million in cash and is advancing development at La Preciosa.
Equinox Gold Corp. announces a leadership transition: Greg Smith steps down as CEO and Director, succeeded by Darren Hall, former President and COO. Hall, with 40 years of mining experience, previously led Calibre Mining. David Schummer is appointed COO. The transition marks Equinox Gold’s shift toward operational excellence and growth, leveraging assets like Greenstone and Valentine.
Aura Minerals Inc. (Nasdaq: AUGO, TSX: ORA) announced that S&P Global Ratings upgraded its credit rating outlook to positive from stable, affirming its B+ global and ‘brAA’ Brazilian ratings. The upgrade reflects Aura’s U.S. listing, successful project execution, and high gold prices boosting cash flow. S&P noted potential for further upgrades if Aura grows without increasing leverage. The finance card above shows AUGO at $24.87 and ORA at $89.60.
Kootenay Silver Inc. announced a 2025 drill program at its Columba Project, starting in August with 25,000–30,000 meters to expand the 54.1 Moz silver Inferred Mineral Resource (284 gpt Ag). Fully funded by a $20M financing, the program targets D, F, and B/Lupe Veins. The company also granted 2.5M stock options and 1.5M restricted/deferred share units.
Sierra Madre Gold and Silver Ltd. upsized its private placement to issue 27,858,000 units at $0.70 each, targeting $19,500,600. Each unit includes one common share and half a warrant, exercisable at $0.85 for 12 months. Eric Sprott will participate. The offering, led by Beacon Securities, is set to close July 24, 2025, pending TSX Venture Exchange approval.
Mexico Mining Center © 2021 / All Rights Reserved
