Goldgroup Announces Proposed Non-Brokered Private Placement

Goldgroup Mining Inc. announced on March 11, 2025, a non-brokered private placement of up to 23,333,334 units at $0.30 each for gross proceeds of $7 million. Each unit includes one share and one-half warrant (exercisable at $0.45 for 24 months). Proceeds for mine improvements, PEA update, debt reduction, working capital; subject to TSXV approval.

Trafigura Renews USD5.6 Billion Revolving Credit Facilities

Stephan Jansma, Trafigura Group Chief Financial Officer said: “ We are pleased to have successfully refinanced our flagship European revolving credit facility, reaffirming the strong and ongoing support of our global banking community. The European revolving credit facility remains a cornerstone of our funding strategy, ensuring sustained access to capital and reinforcing our robust liquidity position.”

Candelaria Announces Resolution of Loan Facility Enforcement

Hector Gonzalez, CEO of Candelaria commented: “This resolution allows Candelaria to strengthen its financial position and focus on future strategic opportunities while eliminating the financial obligations associated with the medium-term loan facility with Goldgroup”.

Apollo Files N.I. 43-101 Technical Report for the Cinco de Mayo Project, Chihuahua State, Mexico

Apollo Silver filed its NI 43-101 Technical Report for the Cinco de Mayo Project in Chihuahua, Mexico, with an effective date of Feb 28, 2025, supporting its earn-in/option agreement with MAG Silver. The report, led by a Qualified Person following a site visit and core review, details extensive historical work on the Upper Manto Pb-Zn-Ag (Au) and Pozo Seco Mo-Au deposits and can be found on SEDAR+ and the company’s website.

Goldgroup Announces Acquisition of Pinos Project

Goldgroup Mining Inc. announced on March 7, 2025, a Non-Enforcement Agreement to acquire 100% of the fully permitted Pinos gold project in Zacatecas, Mexico (30 concessions), via shares of Minera Apolo from Candelaria Mining. Terms: settle ~USD $2.7M loan, $178K cash, 716,667 shares; subject to TSXV approval.

Fortuna Reports Results for the Fourth Quarter and Full Year 2024

Fortuna Mining Corp. reported 2024 results: record production 455,958 GEOs; revenue $1.062B (up 26% YoY); net income $128.7M ($0.42/share); adjusted $144.0M ($0.47/share); free cash flow $202.9M (up 32%); liquidity $381.3M. Q4: net income $11.3M after charges, adjusted $37.0M; revenue $302.2M; FCF record $95.6M. Strong gold prices drove gains.

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