Oroco Resource Corp. received TSX Venture Exchange approval for engaging Whittle Consulting Ltd. to conduct a Strategic Option Study for the Santo Tomas copper project in Mexico. Whittle will receive 1,560,000 shares and 780,000 options as partial payment. The study, optimizing the mine plan, began and is expected to conclude by October 2025. Oroco holds an 85.5% interest in the project’s core concessions.
Xali Gold Corp. is shifting its exploration focus to South America, targeting advanced gold projects in Peru with significant resources and PEAs, while continuing work on the Sarape silver-gold project in Mexico. Nine El Oro concessions (35% of the land package) were unlawfully cancelled by the Mexican Mines Bureau. Xali Gold is reviewing legal steps to revoke these cancellations.
Sierra Madre Gold and Silver Ltd. granted 2,750,000 stock options to employees, directors, management, and consultants to buy common shares at $0.73 each, exercisable for five years. 40,000 options to a consultant vest quarterly over a year; the rest vest in thirds over 12 months. The grant is subject to TSX Venture Exchange approval.
Newmont Corporation announced tender offers to purchase up to $2 billion aggregate principal amount of outstanding notes, split into two $1 billion pools with priority levels. Offers expire August 25, 2025; early tenders by August 8 receive $50 premium per $1,000. Pricing uses fixed spreads over U.S. Treasuries.
Silver Viper Minerals granted 1,375,000 incentive stock options to its directors, officers, and consultants (exercise price $0.58, expiring five years from grant and vesting immediately) to support leadership and team alignment as it advances exploration of its Mexican projects, including La Virginia and Cimarron.
Goldgroup Mining Inc. (TSXV:GGA) announces its shares now trading on OTCQX Best Market under GGAZF, enhancing U.S. investor access. CEO Ralph Shearing notes this milestone supports doubling Cerro Prieto gold production, advancing the Pinos project, and targeted acquisitions to broaden the shareholder base.
GR Silver Mining Ltd. announced a $12 million bought deal offering, selling 60 million units at $0.20 each. Each unit includes one common share and half a warrant, exercisable at $0.28 for 36 months. Proceeds will advance the Plomosas Project in Mexico and support general corporate purposes. The offering, expected to close by August 12, 2025, is subject to regulatory approvals.
Almaden Minerals Ltd. and Almadex Minerals Ltd. are pursuing arbitration against Mexico under the CPTPP for the complete loss of the Ixtaca precious metals project. The arbitration panel rejected Mexico’s request to consider jurisdictional objections separately, allowing the case to proceed without delay. Almaden expects to provide an update on the arbitration calendar in Q4 2025.
Torex Gold Resources Inc. will acquire Prime Mining Corp. for approximately $449 million (US$327 million), gaining full ownership of the Los Reyes gold-silver project in Mexico. Prime shareholders will receive 0.060 Torex shares per Prime share, a 32.4% premium. The deal enhances Torex’s resource base, diversification, and growth potential, leveraging its Mexican expertise. The transaction is expected to close in H2 2025, pending approvals.
McEwen Inc. and Canadian Gold Corp. signed a binding letter of intent for McEwen to acquire all outstanding shares of Canadian Gold by a plan of arrangement. If completed, Canadian Gold becomes a wholly-owned McEwen subsidiary, with Canadian Gold shareholders receiving 0.0225 McEwen shares per share (~C$0.35, a ~26% premium). The deal includes the high-grade Tartan Mine and related assets.
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