Sierra Madre Gold and Silver restarts exploration at East District of Guitarra project, Mexico, with US$3.5M budget for mapping, sampling, and 20-25k meter drilling to assess historic veins’ potential. Includes Mina de Agua resources. Marketing agreements signed; CFO Ken Scott appointed Corporate Secretary Nov 1.
DynaResource (OTCQX: DYNR) installs three Falcon gravity concentrators at San Jose de Gracia plant in Mexico, creating primary gravity gold circuit to boost recoveries from 75% to >80%. Units commissioned; ramp-up to design capacity by Oct end, with Sepro assistance for optimization.
Apollo Silver Corp. (TSX.V: APGO; OTCQB: APGOF) closes first tranche of upsized private placement, raising $25.1M via 6.98M units at $3.60 (1 share + warrant at $5.50/24mo, accel at $7.50). Total $26.8M expected. Proceeds for Calico (CA) advancement, Cinco de Mayo (MX) relations, maintenance, G&A. TSXV approval pending.
Silver Storm Mining Ltd. (TSX.V: SVRS) changed auditors from Dale Matheson Carr-Hilton Labonte LLP to BDO Canada LLP, effective October 13, 2025. Board appointed successor October 21. No reservations in prior reports or reportable events. Notice and letters reviewed by audit committee and filed on SEDAR+.
Prime Mining (TSX: PRYM; OTCQX: PRMNF) completes arrangement with Torex Gold; Torex acquires all shares at 0.06 Torex share per Prime share. Shares to delist from TSX, OTCQX, Frankfurt; apply to cease reporting issuer. Details in Aug. 25 circular; contact Computershare for consideration.
Sonoro Gold Corp. closed its oversubscribed non-brokered private placement, raising CAD $4.1M via 20.5M units at $0.20 each (one share + three-year warrant at $0.28). Insiders subscribed ~$401K. Proceeds fund Cerro Caliche gold project (updated PEA, 100% ownership, permits) and San Marcial spin-off into Oronos Gold Corp.
Torex Gold (TSX: TXG; OTCQX: TORXF) completes acquisition of Prime Mining via arrangement, adding Los Reyes Au-Ag project in Mexico (Indicated: 1.5Moz Au, 54Moz Ag; Inferred: 538koz Au, 21.6Moz Ag). Prime shareholders receive 0.06 Torex shares each (~10.2M total); Prime to delist. PEA targeted mid-2026.
Fresnillo PLC’s Q3 2025 production: 11.7 Moz attributable silver (down 6.6% QoQ, 19.1% YoY due to San Julián DOB cessation and lower grades/volumes); 151.3 koz gold (down 4.1% QoQ, 3.5% YoY). YTD: silver -14.2%, gold +8.8%. By-products mixed. On track for unchanged 2025 guidance; prioritizing safety and efficiency.
Advance Metals (ASX:AVM) appoints David O’Connor as Non-Executive Chairman, with 40+ years mining experience including AbraSilver’s Diablillos growth from 129Moz to 350Moz AgEq. Bolsters Mexican silver-gold assets (~100Moz AgEq). Remuneration: A$125K + 2M performance shares. Craig Stranger to Non-Exec Director; Joshua Gordon resigns.
Vortex Metals Inc. (TSXV: VMS; FSE: DM8; OTCQB: VMSSF) closed second tranche of non-brokered private placement, issuing 2.625M units at $0.04 for $105K. Total raised: $805K from 20.125M units (1 share + 1/2 warrant at $0.08/36mo, acceleration if $0.15/10 days). Proceeds: concessions, exploration, working capital. TSXV approval pending.
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