Guanajuato Silver reported Q4 and full-year 2024 results on April 28, 2025, marking the third consecutive quarter of positive mine operating income ($2.7M, up 416%). Revenue rose 4% QoQ to $19M; produced 730k AgEq oz. Amended gold loan terms for flexibility; aims for debt-free growth.
Heliostar Metals Ltd. reported Q1 2025 results, producing 9,082 GEOs and selling 8,034 GEOs, on track for 31,000-41,000 GEOs annually. Cash costs were $1,175-1,275/GEO, and AISC was $1,375-1,475/GEO, meeting guidance. Gold sold at $2,875/oz. The company ended with $27M cash, no debt, and plans to expand drilling and increase production. Full reporting is expected in July 2025.
For the first quarter, the company reported sales was USD 4,195.52 million compared to USD 3,799.1 million a year ago.
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.
At Agnico Eagle Mines’ annual meeting on April 25, 2025, all eleven nominated directors were duly elected by shareholders with strong vote support, reaffirming the board’s leadership for the year ahead. Biographical details for the directors are available on the company’s website.
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.
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