Hecla Mining Company reported record Q1 2025 sales of $261.3 million, up 5%, with net income of $28.7 million. Adjusted EBITDA hit $90.8 million, improving the net leverage ratio to 1.5x. Keno Hill achieved its first profitable quarter, producing 772,430 silver ounces. Lucky Friday set a milling record at 108,745 tons. The company aims to strengthen its balance sheet and optimize operations in 2025.
Capstone Copper Corp. reported Q1 2025 results with record sulphide copper production of 45,950 tonnes at $2.23/lb C1 cash costs, up 49% from Q1 2024, driven by Mantoverde and Mantos Blancos. Consolidated production was 53,796 tonnes at $2.59/lb. Revenue hit $533.3 million, with adjusted EBITDA doubling to $179.9 million. Net loss was $6.8 million. The company reaffirmed 2025 guidance of 220,000-255,000 tonnes at $2.20-$2.50/lb.
Canuc Resources Corporation closed the final $930,000 tranche of a $3,200,000 private placement, issuing 9,300,000 units at $0.10 each, including warrants exercisable at $0.15 for two years. Proceeds will fund the acquisition of MacDonald Mines Exploration Ltd. and advance mineral asset exploration. The closing awaits TSX Venture Exchange approval.
Vizsla Silver Corp. announced on May 1, 2025, its annual equity grant: 4,050,000 stock options at $2.90, 1,450,000 RSUs, and 850,000 DSUs to directors, officers, employees, and consultants under the Omnibus Plan. Vesting over 2-3 years; subject to TSXV and NYSE American approval.
Agnico Eagle Mines renewed its normal course issuer bid (NCIB), with TSX approval to repurchase and cancel up to 25,174,240 common shares (up to US $1 billion worth, ~5% of shares) from May 4 2025 to May 3 2026. Share purchases will be made at market prices using existing cash and aim to support capital allocation and shareholder value.
Minera Alamos Inc. released 2024 year-end financials and 2025 outlook on May 1, 2025. Santana mine sold 2,806 oz gold; expects higher production in 2025. Advancing Copperstone acquisition with engineering and financing; Cerro de Oro permitting ongoing. Revenue $8.9M; net loss $17.6M; cash $11.8M.
Defiance Silver Corp. (May 1, 2025) appointed Armando Vazquez, M.Sc., C.P.G. as Vice President, Operations (effective May 1). A Qualified Person with 14+ years in exploration geology, he has consulted for Defiance since 2020 via OreQuest. CEO Chris Wright praised his role in advancing projects.
Mithril Silver and Gold Limited (ASX:MTH; TSXV:MSG) appoints Michael Port as Chief Financial Officer on April 30, 2025. Port, a chartered accountant with over 30 years in audit and accounting, is a partner at DFK Kidsons.
Silver Bull Resources, Inc. updated its international arbitration claim against Mexico, filed with the International Centre for Settlement of Investment Disputes (ICSID). Key progress includes appointing a three-person arbitration panel, engaging a quantum expert to assess the claim’s value, and setting a timeline with the Memorial filing due in May 2024 and the hearing scheduled for October 2025. The company, represented by Boies Schiller Flexner and funded by Bench Walk Advisors (up to $9.5 million), continues case preparation.
Alamos Gold Inc. reported Q1 2025 results, with Mexico’s Mulatos District producing 30,400 ounces, down 51% from Q1 2024 due to lower grades at La Yaqui Grande. Costs rose, with total cash costs at $1,233/oz. Construction on the PDA project, approved by SEMARNAT, will ramp up mid-2025, targeting 104,000 ounces annually from mid-2027.
Mexico Mining Center © 2021 / All Rights Reserved
