Industrias Peñoles Q3 2025: Sales $1.98B (vs $1.73B), net income $301M (vs $40M). Nine months: Sales $5.86B (vs $4.76B), net income $821M (vs loss $22M).
Grupo México Q3 2025: Sales $4.59B (vs $4.13B), net income $1.29B (vs $0.82B), EPS $0.17 (vs $0.11). Nine months: Sales $13.02B (vs $12.32B), net income $3.61B (vs $2.87B), EPS $0.46 (vs $0.37).
Starcore International Mines Ltd. (TSX: SAM) closed a $5M non-brokered private placement, issuing 20M units at $0.25 each (1 share + 0.5 warrant at $0.35/2yrs, acceleration at $0.50). Paid $92k finders’ fees + 368k warrants. Hold period: 4+ months. Total shares: 89.86M.
Apollo Silver closes final tranche of upsized private placement, raising $1.64M, for total $26.78M via 7.44M units at $3.60 each (share + warrant at $5.50/24mo, acceleration at $7.50). Proceeds advance Calico and Cinco de Mayo silver projects. Insider participation; TSXV approval pending.
Santacruz Silver Mining Ltd. has applied to list on Nasdaq Capital Market and scheduled its 2025 Annual General and Special Meeting for Nov. 25 in Vancouver. Shareholders will vote on a share consolidation up to 10:1 to meet Nasdaq’s US$4 minimum bid price, aiming to boost transparency, liquidity, and visibility.
Orex Minerals Inc. (TSX-V: REX) sells 38.79% interest in Coneto Silver-Gold Project, Mexico, to Silver Viper for 26.25M shares at C$0.80 (US$15M value), alongside Fresnillo’s 61.21%. Orex to hold ~11% post-closing. Non-arm’s length; TSXV approval required; close by Jan 2026.
Silver Viper Minerals Corp. acquires 100% of Coneto Silver-Gold Project in Mexico from Fresnillo (61.21%) and Orex (38.79%) for US$15M in shares at C$0.80 each. Appoints Adam Cegielski as Chairman and Director; Ruben Alvidrez to join board at closing by Jan 2026. Subject to TSXV approval.
Inomin Mines Inc. (TSX.V: MINE) enters definitive agreement to sell subsidiary Minera Rio Dorado, holding 100% interest in La Gitana and Pena Blanca gold-silver properties in Oaxaca, Mexico, to Calu Royalty for C$350,000 cash in tranches. Transaction subject to TSXV approval; no finder’s fees.
Pinnacle Silver and Gold Corp. reports positive preliminary metallurgical tests for El Potrero project, Mexico: gold recoveries up to 96.79% (avg 95.09%), silver avg 54.68% via bottle roll cyanide leach. Gravity tests variable; further optimization planned for silver.
Silver Spruce Resources Inc. announces a 1-for-15 share consolidation effective October 31, 2025, reducing outstanding shares from 324M to ~21.6M. Approved at the 2024 AGM, shares will trade under SSE with new CUSIP 828229302 and ISIN CA8282293023 starting November 4, 2025. Fractional shares rounded; no action needed for beneficial holders.
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