Category: Investor’s Corner

Goldgroup Mining Inc. (TSXV:GGA, OTCQX:GGAZF) filed an updated NI 43-101 report for Cerro Prieto gold project in Sonora, Mexico, effective April 4, 2025. Measured+Indicated resources: 3,128,843 tonnes at 0.37 g/t Au (37,209 oz). Inferred: 131,536 tonnes at 0.36 g/t Au (1,504 oz) at 0.20 g/t cut-off. Produced 136,000 oz since 2013; doubled crushing capacity to 4,200 tpd.

Colibri Resource Corp. (TSXV: CBI) closed Tranche 2 of its non-brokered private placement, raising $140,980 via 939,867 units at $0.15 each (one share + one warrant at $0.25 for 24 months). Total proceeds with Tranche 1: $1,491,702, for Mexican gold projects exploration and working capital.

Endeavour Silver Corp. (NYSE:EXK, TSX:EDR) reports Q3 2025 production of 3.0M oz AgEq (up 88% YoY), revenue $94.5M (up 77%), mine op cash flow $39.7M (up 102%). Cash costs $18.09/oz, AISC $30.53/oz. Net loss $42M; adjusted net loss $2.1M. Cash $57M. Terronera commercial production Oct 1.

The U.S. Geological Survey published the 2025 List of Critical Minerals, identifying 60 vital to economy and security. Adds 10 new: boron, copper, lead, metallurgical coal, phosphate, potash, rhenium, silicon, silver, uranium. Aims to reduce foreign dependence, boost domestic production, and secure supply chains for energy, defense, and tech.

Avino Silver & Gold Mines Ltd. (TSX:ASM, NYSE:ASM) reports record Q3 2025 net income of $7.7M ($0.05 EPS diluted), up 559%; cash $57.3M; working capital $50.8M. YTD net income $16.2M ($0.10 EPS).

Mammoth Resources Corp. (TSX-V: MTH) appointed three new directors: Jose Antonio Berlanga Balderas (Audit Committee), José Antonio Berlanga Lopez (Audit), and Edgardo Espinosa Velasco (Compensation/Governance). Paul Rozek named new CFO. Issued 4,775,500 stock options at $0.05. Advancing Tenoriba gold-silver project and seeking Mexican production opportunities.

McEwen Mining’s Q3 2025: Produced 29,662 GEOs, $50.5M revenue, $0.5M net loss, $11.8M adjusted EBITDA. Plans to double output to 250-300k GEOs by 2030 via Fox Complex, Gold Bar, El Gallo. Revised 2025 guidance lower due to operational issues; advancing acquisitions and Los Azules copper.

Oroco Resource Corp. closed an initial tranche of its non-brokered private placement, raising US$1.53M via 7.65M units at $0.20 each (one share + half warrant at $0.30 for 24 months). New director Faysal Rodriguez subscribed for 5M units. Proceeds advance Santo Tomas Project toward Pre-Feasibility Study.

Heliostar Metals’ PEA for Ana Paula underground mine projects 875koz gold over 9 years at 101koz/yr avg, with AISC $1,011/oz and $300M capex. Base case ($2,400/oz gold): $426M post-tax NPV5, 28.1% IRR, 2.9yr payback. Upside ($3,800/oz): $1,012M NPV5, 51.3% IRR, 1.9yr payback. Targets 2028 production.

Fortuna Mining (NYSE: FSM) Q3 2025: Attributable net income $124M ($0.40/sh), adjusted $51M ($0.17/sh). GEO production 72k oz; cash cost $942/GEO, AISC $1,987/GEO. Free cash flow $73M; net cash $266M, liquidity $588M. On track for annual guidance; Diamba Sud PEA shows strong economics.