First Majestic Silver produced 7.7 million silver-equivalent (AgEq) ounces in Q1 2025, a 49% year-over-year increase, including a record 3.7 million silver ounces (up 88%) along with gold, zinc and lead. Stronger output was driven by higher silver production and contributions from Cerro Los Gatos and improved results at San Dimas.
Miguel Aramburu, Chair of the Board, commented: “Alpayana continues to offer an inadequate price that undervalues Sierra Metals and does not reflect full and fair value for the Common Shares of the Company.”
Heliostar CEO, Charles Funk, commented, “Heliostar closed the first quarter of 2025 with a US$27M (C$38M) cash balance, over half of which was generated from operating profits. This places the Company in a strong position to achieve our planned production and resource growth goals.”
Gold Resource Corporation reported 2024 year-end results: its Don David Gold Mine in Oaxaca faced lower production due to low-grade ore, equipment issues and a wet season, yielding 18,580 gold equivalent ounces sold with high costs. Cash fell to $1.6 M and working capital to $2.1 M. The company is planning mining and mill upgrades to boost output and cash flow.
Endeavour Silver Corp. is pleased to announce the completion of its prospectus offering announced on April 1, 2025 for the issuance of a total of 11,600,000 common shares at a price of US$3.88 per Common Share for aggregate gross proceeds of US$45,008,000.
Paul D. Gray, Luca VP Exploration, commented, “Luca has been able to execute an efficient underground drilling program at Campo Morado that represents the first stage the Company’s plan to realize the untapped mineral potential of the Campo Morado Mine and District. The Campo Morado deposit hosts additional mineral potential beyond the extent of its known resources.”
Gold Resource Corporation said it will host a conference call on April 9, 2025 at 12:00 p.m. ET to discuss its 2024 year-end results, with prepared remarks from its CEO, COO and CFO and a live Q&A. The call will be recorded and posted on the company’s website afterward.
This press release rectifies the version of the press release issued by Defiance Silver on April 7, 2025 at 1:00am EST in order to correct a typing error. Under the terms of the LOI, Defiance proposes to issue 4,954,613 Defiance Shares of Defiance at a price of C$0.255 per share and not C$0.0255 as announced previously.
Fortune Bay Corp. is pleased to announce that it intends to increase the non-brokered private placement previously announced on April 2, 2025, to aggregate gross proceeds of up to $3,000,000. The Company intends to issue up to 9,375,000 units.
Fortune Bay Corp. said it plans to increase its non-brokered private placement to raise up to approximately C$3.0 million through issuance of units at C$0.32 per unit. Proceeds are intended to advance its Canadian and Mexican projects and support general corporate purposes. The offering is subject to TSX Venture Exchange approval.
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