Category: Investor’s Corner

Vizsla Silver’s Feasibility Study for the Panuco silver-gold project in Mexico highlights after-tax NPV(5%) of US$1,802 million, IRR of 111%, initial costs of US$173 million, and average annual production of 17.4 million oz AgEq at AISC of US$10.61/oz over 9.4 years.

First Majestic Silver reported Q2 2025 record revenue of $264.2M (+94% Y/Y), mine operating earnings $49.4M, net earnings $56.6M (EPS $0.11), EBITDA $119.9M, and produced 7.9M AgEq oz (+48% Y/Y) at cash costs $15.08/oz and AISC $21.02/oz. Cash position $510.1M.

Orla Mining reports Q3 2025 gold production of 79,645 oz, sales 78,857 oz, revenue $275M, net income $49.3M ($0.15/sh), adjusted earnings $73M ($0.22/sh), record free cash flow $93M. AISC $1,641/oz. Musselwhite exploration confirms 2km extension; Camino Rojo stabilizes after pit event. Cash $327M, net debt $93M.

GoGold Resources announced a C$125M bought deal offering of 47.17M units at C$2.65 each, comprising one share and half a warrant (exercisable at C$3.50 for 3 years). Underwriters have 15% over-allotment option. Proceeds for Los Ricos exploration/development and corporate purposes. Closing ~November 27, 2025.

Questcorp Mining closed the first tranche of its private placement, issuing 14M units at $0.15 for $2.1M proceeds. Each unit: one share and half a warrant exercisable at $0.20 until 2027 (accelerated at $0.50). $2M under Sharing Agreement with Sorbie, settled monthly adjusted by share price vs. $0.1949 benchmark.

Osisko Development reported Q3 2025 cash of $401.4M, drew US$100M from US$450M Appian facility, raised US$203.1M via placements, and advanced Cariboo Gold Project with infill drilling and pre-construction. Sold 877 oz gold from Tintic for $4.4M revenue. Subsequent placement added $82.5M.

Questcorp Mining secured a CAD$2M investment from UK fund Sorbie Bornholm LP via a Sharing Agreement to advance exploration at La Union Gold-Silver Project in Mexico and North Island Copper Property in BC, plus working capital. Leaders expressed confidence in growth and alignment.

Americas Gold and Silver reported Q3 2025 silver production of 765K oz (+98% Y/Y), revenue $30.6M (+37% Y/Y), and antimony output of 447K lbs YTD. Galena Complex silver up 36%; EC120 pre-production strong. Net loss $15.7M; cash $39.1M; advancing shaft upgrades and antimony processing.

Inomin Mines Inc. (TSXV: MINE) granted 350,000 immediately vesting stock options to a director and contractor, exercisable at $0.375 per share until March 30, 2027, pending TSX Venture Exchange approval.