Mexico’s Supreme Court unanimously upheld a tax ruling against Primero Empresa Minera (First Majestic), confirming payment of MXN 2.87 billion (~USD 155 million) for 2012 ISR/IETU, plus updates and fines. The Court, led by Justice Lenia Batres, revoked a prior admission, found no exceptional constitutional issue, denied postponement, and earlier fined the firm 70 UMA for an unfounded recusal.
Capstone Copper’s Q3 2025 highlights: record adjusted EBITDA of $249.2M, up from $120.8M; copper production 55,280 tonnes at $2.42/lb C1 costs; net income $248.1M including impairment reversal. Sanctioned MV Optimized expansion; JV with Orion for Santo Domingo. Reiterates 2025 guidance.
Fortune Bay closed $8M bought deal private placement: 1.44M flow-through shares at $1.39 ($2M) for Goldfields exploration; 6M hard dollar shares at $1.00 ($6M) for permitting, PFS, Poma Rosa exploration, and corporate purposes. Paid $477K commission; issued 443K warrants. Pending TSXV approval.
Sonoro Gold Corp. completed the final payment for 100% interest in the Rosario Concessions at its Cerro Caliche gold project in Mexico, granting a 2% NSR royalty (buyable at $1M per percent). All concessions and surface rights are secured; project nears permitting for open-pit mining. CFO Salil Dhaumya resigned; Katharine Regan is interim CFO.
Advance Metals Q3 2025: Acquired earn-in to Guadalupe y Calvo project, boosting portfolio to >100Moz AgEq. Completed Yoquivo drilling with high-grade Ag-Au results; discovered new veins. Settled Gavilanes acquisition. Myrtleford exploration yielded strong gold intercepts. Post-quarter: $13M raise, new Chairman, Mexican Advisory Board.
Alamos Gold Q3 2025: Produced 142k oz Au, record revenues $462M, op cash $265M, free cash $130M. Revised FY guidance to 560-580k oz (-6%) due to Magino mill downtime & Island seismic event. Q4 prod up 18% to 157-177k oz. Sold Turkish projects for $470M; strong liquidity $963M.
Masivo Silver signs definitive option to acquire Cerro Colorado Au-Ag-Cu project in Sonora, Mexico (2,649 ha). Historical high-grades up to 2,200 g/t Ag, 4.57 g/t Au; initial 8-hole drill program starts Nov 2025. Grants 2.5M incentive stock options at $0.11 for 5 years.
Agnico Eagle reported strong Q3 2025 results: 867k oz gold production at $994/oz cash costs and $1,373/oz AISC, yielding record adjusted net income of $1.085B ($2.16/share) and free cash flow of $1.19B, driven by $3,476/oz gold prices. 2025 guidance reiterated; advancing projects and shareholder returns.
Coeur Mining Q3 2025: Record revenue $555M, op cash flow $238M, net income $267M ($0.41/sh). Adjusted EBITDA $299M, net income $147M ($0.23/sh). Production: 111k oz Au, 4.8M oz Ag. Cash $266M; free cash flow $189M. Refined FY guidance: 393-438k oz Au, 17.1-19.2M oz Ag; lower costs at 3 sites.
Quetzal Copper Corp. (TSXV: SICO, dba Silverco) listed on TSXV Oct 17, 2025. Advancing Cusi silver mine in Mexico: 15,000m drill program underway, new zones acquired. Raised $25M; plans NI 43-101 resource Q4 2025, PEA Q1 2026, production H2 2026. Vision: 10M+ oz silver producer in 3 years with experienced team.
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