Agnico Eagle Mines Limited today announced that, at the annual and special meeting of shareholders held on April 25, 2025 the eleven candidates listed in the management information circular dated March 24, 2025 were duly elected as directors of Agnico Eagle.
Grupo Mexico reported a 17% surge in Q1 net profit to $1.09 billion, exceeding analyst estimates, driven by higher copper and silver prices and lower production costs. Revenue rose 10% to $4.20 billion. Shares gained 2%. Despite stable copper output, trade tensions between the U.S. and China could impact future copper demand.
Discovery Silver Corp. announced key management appointments effective immediately: Pierre Rocque as COO, Jennifer Wagner as EVP Corporate Affairs and Sustainability, Duncan King as VP Canadian Operations, and Eric Kallio as SVP Exploration & Growth. All are seasoned mining professionals with prior success at Kirkland Lake Gold, contributing to the Porcupine Complex acquisition, poised to advance Discovery’s future.
Tocvan Ventures drills 712 meters at Gran Pilar, Mexico, with results pending. A May 2 webinar will detail expansion and pilot mine plans. Warrants amended, marketing engaged. DynaResource enhances San José de Gracia with gravity circuit, targeting 80%+ gold recovery, with 95% lab results. SK1300 report and exchange uplisting planned for 2025.
Agnico Eagle Mines Limited reported strong Q1 2025 results, with 873,794 ounces of gold produced at $903/oz cash costs. Net income hit $815M ($1.62/share), with record adjusted net income of $770M ($1.53/share). Free cash flow reached $594M, boosting cash to $1,138M, nearly eliminating net debt. The company declared a $0.40/share dividend, repurchased shares, and released its 2024 Sustainability Report.
Fortune Bay Corp. closed a non-brokered private placement, raising $3,000,000 by issuing 9,375,000 units at $0.32 each. Each unit includes one common share and one-half warrant, exercisable at $0.45 for the first year and $0.55 for the second. Proceeds will fund projects in Canada and Mexico and general corporate purposes. Insiders subscribed for 1,531,250 units, and Numus Capital Corp. received finder’s fees.
Heliostar Metals Ltd. has appointed Stephen Soock as Vice President of Investor Relations and Development and Connie Lillico as Corporate Secretary. Soock brings 20 years of mining industry experience, including roles at Stifel and various mine sites. Lillico has 20 years of experience in mining, previously serving at First Majestic Silver Corp. Heliostar also granted 700,000 stock options and 150,000 restricted share units to employees and consultants.
Kingsmen Resources Ltd. received conditional TSX Venture Exchange approval for its April 15, 2025, private placement. The company increased the warrant exercise price to $1.05 per share. Additionally, Kingsmen is sponsoring the Resource Stock Digest website, paying a quarterly fee of US$10,000.
Equinox Gold Corp. and Calibre Mining Corp. have amended their business combination agreement, adjusting the share exchange ratio to 0.35 Equinox Gold shares per Calibre share, a 10% premium. The combined company will produce over 1.2 million ounces of gold annually. Shareholder meetings are rescheduled to May 1, 2025, to vote on the transaction.
Newmont Corporation reported Q1 2025 net income of $1.9 billion, adjusted net income of $1.25/share, and record free cash flow of $1.2 billion. Attributable gold production was 1.54 million ounces at $2,944/oz. Divestitures generated $2.5 billion in after-tax cash. A $0.25/share dividend was declared, with $4.7 billion cash and 0.3x net debt to adjusted EBITDA.
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