Discovery Silver Corp. filed and mailed its management information circular for a special shareholder meeting on March 27, 2025, to approve issuing up to 123.6M shares (~30.9% dilution) for acquiring Newmont’s Porcupine Complex (US$425M deal). Board unanimously recommends approval; acquisition expected to close H1 2025.
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.
Minera Alamos announced results of its February 28, 2025 AGM on March 5, 2025. Shareholders approved re-election of five directors, auditor ratification, and new Omnibus Incentive Plan with strong support. 210.7M shares (42% of total) voted. Focus remains on low-capex gold asset development and strategic acquisitions.
Bear Creek Mining Corporation announces that it has entered into an agreement with BMO Capital Markets to act as sole bookrunner, on behalf of a syndicate of underwriters on a bought deal basis, for a private placement of 64,445,000 common shares of the Company at a price of C$0.225 per Share to raise aggregate gross proceeds of approximately C$14.5 million.
Heliostar Metals Ltd. is pleased to announce that Ms. Vitalina Lyssoun has commenced her role as Chief Financial Officer as announced on February 6th, 2025.
Octavio Alvídrez, CEO said: “I am pleased to report a solid financial performance for Fresnillo in 2024, underpinned by higher precious metal prices, operational discipline, and a continued focus on cost efficiencies. This result is testament to the hard work and diligence of our teams on the ground, who have delivered another year of operational consistency.”
American Silver Corp. announces that the Toronto Stock Exchange has accepted the Company’s notice of its intention to renew its normal course issuer bid to purchase up to 18,107,917of its common shares, representing up to 5% of Pan American’s issued and outstanding shares as at February 28, 2025.
“We are delighted to welcome Ms. Pommeraud to the Board. Her expertise in corporate strategy will play a critical role in shaping Odyssey’s long-term vision for sustainable mineral sourcing, supporting the clean energy transition, and ensuring a stable phosphate supply to strengthen global food security,” said Mark Gordon, Odyssey’s Chief Executive Officer and Chairman of the Board of Directors.
After detailed geological, geochemical and geophysical data modelling in partnership with leading geological experts, the Company has identified multiple new drill targets in the vicinity of the San Marcial Resource Area.
Kingsmen Resources reported expanded geochemical results from the Silvia and La Plata zones at its 100 %-owned Las Coloradas project in Chihuahua, Mexico. A review of geochemical samples highlighted significant variations in pathfinder elements (e.g., Pb, Zn, As, Sb, Te, Hg) correlated with silver, suggesting multiple pulses and styles of mineralization and identifying high-priority areas for upcoming drilling.
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