Category: Investor’s Corner

Goldgroup announced a non-brokered private placement of up to US$75 million, with US$60 million committed by prominent natural-resource investors. Units are priced at US$3.65 with half a warrant exercisable at US$5.10. Proceeds will advance its mines and development projects, strengthen working capital and support potential acquisitions.

Santacruz Silver received conditional approval to graduate from the TSX Venture Exchange to the Toronto Stock Exchange. Subject to satisfying customary requirements and submitting final documentation, its shares will trade on the TSX under the existing symbol “SCZ.” Shareholders need take no action.

Discovery Mining appointed veteran mining executive Bill Shaver to its board and Ewan Downie as advisor to the president, CEO and chairman. The company also promoted seven senior executives and appointed Mike Mayhew vice-president of special projects, strengthening its leadership team as it advances growth plans in Canada and Mexico.

DynaResource’s Mexican subsidiary received MXN $69.5 million (approximately US$4 million) in cash from SAT for recoverable IVA credits from January–June 2025. Following the refund, approximately MXN $425 million (US$24.9 million) in IVA receivables remains outstanding and subject to separate applications, reviews and audits.

Sonoro Gold promoted Oscar Armando González Peña to Vice President, Exploration, and Melvin Herdrick to Senior Vice President, Mexico. González has led exploration and resource delineation at Cerro Caliche for nine years, while Herdrick brings more than 50 years of geological experience and will assume a broader senior management role overseeing Sonoro’s activities in Mexico.

Tocvan granted 2.75 million stock options to directors, officers and consultants, exercisable at C$0.79 for five years, plus 900,000 restricted share units vesting after 12 months. The equity awards remain subject to Canadian Securities Exchange approval.

Algo Grande Copper closed an oversubscribed non-brokered private placement, raising C$4.79 million through 7.98 million shares at C$0.60 each. Proceeds will fund ongoing drilling and exploration at the 100%-owned Adelita copper-gold-silver project in Sonora, along with operating costs and general working capital.

Goldgroup reported Q2 2026 revenue of US$21.1 million and 3,843 oz gold production at Cerro Prieto. Following its merger with Gold Resource, the combined company holds US$59 million cash with no material debt. Javier Reyes was appointed permanent CEO, while drilling advances Don David and San Francisco, targeting a 2027 San Francisco restart.

Apollo Silver appointed Steven Thomas as CFO effective September 1, 2026, replacing Chris Cairns, who will assist with the transition through September. Thomas, formerly CFO of Mountain Province Diamonds, Torex Gold, Goldcorp Canada and De Beers Canada, resigned from Apollo’s board, prompting corresponding changes to its lead independent director and Audit Committee chair.

Silver Storm Mining closed the second and final tranche of its non-brokered private placement, raising C$6.38 million and bringing total proceeds to C$21 million. The company issued 42 million units at C$0.50 each. Proceeds will support surface and underground drilling at the La Parrilla Silver Mine Complex and general working capital.