Almaden Minerals Ltd. and Almadex Minerals Ltd. are pursuing arbitration against Mexico under the CPTPP for the complete loss of the Ixtaca precious metals project. The arbitration panel rejected Mexico’s request to consider jurisdictional objections separately, allowing the case to proceed without delay. Almaden expects to provide an update on the arbitration calendar in Q4 2025.
Torex Gold Resources Inc. will acquire Prime Mining Corp. for approximately $449 million (US$327 million), gaining full ownership of the Los Reyes gold-silver project in Mexico. Prime shareholders will receive 0.060 Torex shares per Prime share, a 32.4% premium. The deal enhances Torex’s resource base, diversification, and growth potential, leveraging its Mexican expertise. The transaction is expected to close in H2 2025, pending approvals.
Equinox Gold Corp. reports high-grade gold discoveries at its El Limon Mine in Nicaragua, with drill results up to 36.77 g/t gold over 6.9m. The 2025 100,000m drilling program targets resource expansion, showing potential to extend mineralization. Since acquiring El Limon in 2019, Mineral Reserves increased 700% to 1.12M ounces, with surplus processing capacity supporting future growth.
McEwen Inc. and Canadian Gold Corp. signed a binding letter of intent for McEwen to acquire all outstanding shares of Canadian Gold by a plan of arrangement. If completed, Canadian Gold becomes a wholly-owned McEwen subsidiary, with Canadian Gold shareholders receiving 0.0225 McEwen shares per share (~C$0.35, a ~26% premium). The deal includes the high-grade Tartan Mine and related assets.
Questcorp Mining Inc. announced on July 28, 2025, engaging National Inflation Association (NIA) for a three-month US$30,000 marketing and investor outreach campaign. Services include email blasts, website features, and blog content to increase awareness. NIA is arm’s-length; no securities issued. Renewal option available.
Pacifica Silver Corp. closed a C$1.0 million private placement, issuing 2 million units at C$0.50 each. Each unit includes one common share and ½ warrant exercisable at C$0.80 for three years. Proceeds will be used for exploration and drilling at the Claudia Silver-Gold Project in Durango, Mexico, and for general working capital.
Pinnacle Silver and Gold Corp. increased its non-brokered private placement to C$1.65M (from C$1M) on August 5, 2025, offering up to 27.5M units at C$0.06 each (1 share + ½ warrant exercisable at C$0.10 for 24 months). Finder’s fees payable. Proceeds advance El Potrero gold-silver project and working capital. Subject to TSXV approval.
GR Silver Mining Ltd. announced drilling results from its Step-Out Drilling Program at the San Marcial Area, Plomosas Project, Mexico. The program targets silver mineralization extensions along NE and NW structures, identifying wide, high-grade hydrothermal breccias near the 2023 NI 43-101 resource. Key results include SMS25-05 with 26m at 122 g/t Ag Eq and SMS25-04 with 36m at 144 g/t Ag Eq.
Orla Mining Ltd. reported an uncontrolled material movement of approximately 390,000 tonnes on the temporary north wall at its Camino Rojo Oxide Mine in Mexico on July 23, 2025. No injuries or environmental damage occurred. Mining operations are suspended for geotechnical assessments, expected to conclude within a week, with remediation to follow. The company will process stockpile material (2,243,000 tonnes at 0.32 g/t gold) to maintain production. Updates on full-year guidance are pending.
Mithril Silver and Gold Limited (TSXV: MSG, ASX: MTH) closed a C$11.5 million private placement on July 24, 2025, issuing 31,944,700 shares at C$0.36 each. The funds will advance the Copalquin project in Mexico and support general corporate needs. The offering included a fully exercised Agents’ Option, with shares under a hold period until November 25, 2025.
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