Sierra Madre Gold and Silver reported Q3 2025 revenues of US$5.5M, gross profit US$1.7M, and 153,583 AgEq oz sold at AISC US$34.42/oz. Adjusted EBITDA rose 27% to US$1.86M despite power outages. Plant expansion to 750-800 tpd by Q2 2026 underway; US$3.5M East District exploration started.
Kingsmen Resources upsized its non-brokered private placement to $4.016M, issuing up to 2.975M units at $1.35 each. Each unit: one share + half warrant (exercisable at $1.90 for 2 years). Proceeds advance Las Coloradas Silver/Gold project in Mexico and working capital. Subject to TSXV approval; four-month hold.
Americas Gold and Silver upsized its bought deal private placement to US$115M, issuing 28.75M shares at US$4.00 each, led by Canaccord Genuity and BMO. Underwriters option for additional US$17.25M. Proceeds fund Crescent Mine acquisition, capital, and working capital. Closing ~Dec 3, 2025.
Prismo Metals Inc. upsized and closed its non-brokered private placement to 17.45 million units at $0.10 each, raising $1.745 million. Warrants amended to one full per unit at $0.175 exercise price for 36 months, sans acceleration clause. Proceeds for Silver King drilling and corporate purposes; more subscriptions expected.
Xali Gold finalized a Definitive Agreement with KCA to transfer rights to the El Oro Tailings Project in Mexico. KCA will process and sell gold/silver from 1.27M tonnes (2.94 g/t Au, 75.12 g/t Ag), paying Xali a 4% NSR (min 3%). KCA paid $200K; recoveries estimated at 78% Au, 86% Ag.
Discovery Silver Corp. reported Q3 2025 net earnings of $42.4M ($0.05/share), up from Q3 2024 loss; gold production 63,154 oz at $1,339/oz cash costs, $1,734/oz AISC. Free cash flow $86.8M; cash at $341.5M. New $250M credit facility; positive exploration at Porcupine.
Fuerte Metals appointed Chris Beer as Board Chair, Dawson Proudfoot, and Sandip Rana as directors; Amber Schaefer as Corporate Secretary. Granted 6.975M options and 2.6M bonus shares. Advancing Coffee Gold project (3M oz M&I resource) toward 2027 construction, respecting First Nations territories.
Silver Tiger Metals announced a C$40M bought deal offering of 54.8M shares at C$0.73 each, led by BMO and Stifel. Underwriters have 15% over-allotment option. Proceeds for El Tigre project exploration/development and corporate purposes. Closing ~Nov 26, 2025.
Chesapeake Gold Corp. completed the sale of its Tatatila gold-copper project in Mexico to Mexican Gold Mining Corp., receiving 4,451,361 shares (14.99% stake) and a 1.5% NSR royalty. Shares are locked up for 2.5 years; an early warning report will be filed on SEDAR+.
Pan American Silver Corp. reported Q3 2025 record attributable revenue of $884.4M, net earnings of $169.2M ($0.45/share), and free cash flow of $251.7M. Acquired MAG Silver, adding Juanicipio; raised 2025 silver guidance to 22-22.5M oz. Dividend increased to $0.14/share.
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