Goldgroup Mining Inc. announced on March 12, 2025, an upsizing of its non-brokered private placement from 23.33M to 25.83M units at $0.30 each, for gross proceeds of ~$7.75M. Each unit: one share + ½ warrant ($0.45 exercise, 24 months). Proceeds for mine improvements, PEA update, debt, working capital; subject to TSXV approval.
“In the fourth quarter, we delivered record financial performance driven by higher metal prices and increased production from our Avino Mine,” said Nathan Harte, Chief Financial Officer.
John Eren, President and CEO states, “The Loma Verde vein was intercepted in every hole in this phase of the program, thus confirming the strong continuity over 1.2 kms strike length. There is also further depth potential with the down-dip of the mineralized shoots. This is a true gold-silver project, as each precious metal accounts for roughly half the contained value.”
Minera Alamos Inc. is pleased to announce the reissuance of the Preliminary Economic Assessment on the 100% owned Copperstone Mine in Arizona, USA. The study demonstrates potentially robust post-tax economics which, due to pre-existing infrastructure on surface and underground, result in both low initial capital and an overall low capital intensity ratio on a per gold ounce basis.
James McDonald, President & CEO of Kootenay commented: “We are delighted to announce Kootenay’s graduation from the Pink Market to the OTCQX Market. This will allow greater access and visibility for the Company as we advance our Columba high-grade silver discovery located in the Chihuahua State, Mexico.”
Fortuna Mining Corp. reported updated Mineral Reserves and Resources as of Dec 31, 2024: Proven & Probable Reserves at 2.7M gold equivalent ounces (down 11% YoY after depletion); Measured & Indicated Resources (exclusive) at 1.5M GEOs (up 36%); Inferred at 2.2M GEOs (up 29%). Gains from drilling offset production depletion across mines and projects.
Avino Silver & Gold Mines reported record 2024 financial results, with highest-ever revenues, gross profit, earnings, cash flow and cash balance. Full-year revenue rose about 51%, net income and adjusted earnings surged sharply, and cash strength hit an all-time high, driven by higher production, better costs and strong metal prices, positioning the company well for growth.
Endeavour Silver reported Q4 2024 financial and operating results for the period ended Dec 31, 2024, with revenue up year-over-year and solid mine cash flow, though production was lower and the company posted a net loss. Management highlighted strong liquidity and progress on Terronera and Pitarrilla.
Tocvan Ventures core drilling at Gran Pilar Gold-Silver Project returned 10.3 g/t Au over 9.7m (incl. 60.6 g/t Au over 1.6m) within 83.5m of 1.3 g/t Au in hole JES-25-104; highest-grade since discovery. Another hole hit copper-silver. Advancing pilot mine permitting. (March 11, 2025)
Goldgroup Mining Inc. announced on March 11, 2025, a non-brokered private placement of up to 23,333,334 units at $0.30 each for gross proceeds of $7 million. Each unit includes one share and one-half warrant (exercisable at $0.45 for 24 months). Proceeds for mine improvements, PEA update, debt reduction, working capital; subject to TSXV approval.
Mexico Mining Center © 2021 / All Rights Reserved
