Pan American Silver Corp. reported Q3 2025 record attributable revenue of $884.4M, net earnings of $169.2M ($0.45/share), and free cash flow of $251.7M. Acquired MAG Silver, adding Juanicipio; raised 2025 silver guidance to 22-22.5M oz. Dividend increased to $0.14/share.
Questcorp Mining Inc. completed Phase 1 drilling at La Union gold-silver project in Mexico: 12 core holes totaling >1,600m across six targets. Over 700 samples shipped for assays. Riverside Resources operated; results to inform Phase 2 in H1 2026.
Riverside Resources completed Phase 1 drilling at its Union Project in Sonora, Mexico: 12 holes totaling over 1,600m across six targets (Union Mine, Famosa, etc.). Funded by partner Questcorp; over 700 samples shipped for assays. Results to guide Phase 2 exploration in H1 2026.
Silver Dollar Resources discovered the North Canyon zone at its Nora property in Durango, Mexico, 1,500m north of the Candy mine. Channel sampling returned 162 g/t AgEq over 12.48m. A 3-year drill permit has been received to advance exploration.
Luca Mining announced a three-year, US$25M exploration program targeting high-grade gold at its Campo Morado and Tahuehueto mines in Mexico, including 80,000m of drilling and AI analysis of historical data. 2026: US$6.5M for 20,000m; 2027-2028: US$18.5M for 60,000m.
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.
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