Fortuna Mining Corp. received Toronto Stock Exchange approval to renew its normal course issuer bid, allowing repurchase of up to 15,347,999 common shares (5% of outstanding shares) from May 2, 2025, to May 1, 2026, or until the limit is reached. Shares will be bought at market prices and canceled, reflecting Fortuna’s belief that its shares are undervalued.
Fortune Bay Corp. plans to advance its Goldfields Project in Saskatchewan with an Updated PEA by Q3 2025 and initiate permitting activities. The Ixhuatán Project in Mexico, renamed Poma Rosa, will see community consultations and exploration restart in late 2025. A resource review aims to update the historical mineral resource estimate, enhancing value for both projects.
GR Silver Mining Ltd. has temporarily paused field work at its Plomosas Silver Project in Sinaloa, Mexico, due to regional security concerns, despite no incidents or threats at the project. The decision prioritizes safety, allowing time for enhanced government security measures. The company recently began a step-out drilling program to expand the San Marcial mineralization by 350 meters northwest and identified new silver targets. Work continues at the Rosario office, focusing on data modeling and planning a Bulk Sampling Test Mining program.
Orogen Royalties Inc. reported record 2024 revenue of $7.9 million, up 34%, and net income of $4.3 million, up 126% from 2023. Royalty revenue rose due to higher gold prices and Ermitaño Mine output. Prospect generation income fell 54%. The company, with $26.8 million in working capital, announced a $421 million acquisition by Triple Flag Precious Metals, including a spin-out company.
Vizsla Silver Corp. updated its at-the-market equity program to sell up to US$200 million in common shares to fund the Panuco Project, working capital, and general corporate purposes. The program, effective until shares are sold or the prospectus expires, involves Canaccord Genuity, CIBC Capital Markets, National Bank Financial, and BMO Capital Markets. The previous ATM agreement from September 2024 was terminated.
Odyssey Marine Exploration, Inc. welcomes a new Executive Order promoting U.S. offshore critical mineral development, aligning with its expertise in deep-sea exploration. The company, with no immediate plans to issue securities, has a $50 million shelf registration for future capital needs. Odyssey’s projects target battery metals and phosphates, supported by prior funding to sustain 2025 operations.
Americas Gold and Silver Corporation announced its inclusion in the Solactive Global Silver Miners Index, effective May 1, 2025. This recognition highlights the company’s significant silver mining activities, revenue, and market capitalization. CEO Paul Huet noted that inclusion validates Americas’ growth as a silver miner and could attract institutional investment, enhancing liquidity due to the index’s importance for major investment funds.
Guanajuato Silver Company Ltd. reported strong Q4 2024 results, with a 416% increase in mine operating income to $2.66M and a 587% rise in EBITDA to $2.26M. Revenue grew 4% to $19.04M, driven by silver and gold sales. Production reached 730,485 silver equivalent ounces. The company retired two debt facilities and aims to become debt-free.
Heliostar Metals Ltd. reported Q1 2025 results, producing 9,082 GEOs and selling 8,034 GEOs, on track for 31,000-41,000 GEOs annually. Cash costs were $1,175-1,275/GEO, and AISC was $1,375-1,475/GEO, meeting guidance. Gold sold at $2,875/oz. The company ended with $27M cash, no debt, and plans to expand drilling and increase production. Full reporting is expected in July 2025.
For the first quarter, the company reported sales was USD 4,195.52 million compared to USD 3,799.1 million a year ago.
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