Pinnacle Silver and Gold Corp. signed a definitive option agreement on February 24, 2025, to acquire 100% of the high-grade El Potrero gold-silver project (1,074 ha, Durango, Mexico). Terms: staged cash ($50K–$3M), 3.5M shares, 2% NSR. Historical: 45,561 t @ 8.0 g/t Au, 186 g/t Ag. Potential near-term production via 100 tpd plant refurbishment.
Capitan Silver Corp. closed a C$5.3 million private placement, issuing 13.25 million units at C$0.40 each (one share + one warrant at C$0.50 for 12 months). Led by Jupiter fund; proceeds for Cruz de Plata project exploration and working capital.
Prime Mining Corp. Chief Executive Officer Scott Hicks commented, “Fresnillo is an exciting early stage generative target at Los Reyes. Today, we are sharing results that demonstrate a significant extension of approximately 120 metres up-dip of high grade, near-surface mineralization with both underground and open pit optionality and with further potential to continue expanding mineralization.”
Jody Kuzenko, President & CEO of Torex, stated: “I’m very excited about the results we have seen to date from our initial drilling at Media Luna East and the continuation of high-grade results returned from ongoing drilling at Media Luna West. These two targets exemplify the outstanding resource potential we see on the south side of the Morelos Property and, along with the results from EPO and Media Luna proper, support our belief that we will be mining at Morelos for decades to come.”
“The spinout of Blue Jay Gold is an exciting opportunity for Riverside shareholders to gain direct exposure to a new, focused gold exploration company,” said John-Mark Staude, CEO of Riverside Resources.
“We are delighted to welcome Jackie Przybylowski to our Board of Directors. We look to leverage Jackie’s technical and financial expertise along with her strong relationships within the investment and global mining community as we advance our portfolio of projects and continue to build stakeholder value,” commented Interim CEO and Chairman, Andrew Bowering.
Mako Mining Corp. is pleased to provide an update on Mako’s proposed acquisition of the Moss Mine in Arizona, through the acquisition of 100% of the issued and outstanding common shares of EG Acquisition LLC from investment funds controlled by Mako’s controlling shareholder, Wexford Capital LP.
Greg Smith, President and Chief Executive Officer of Equinox, stated: “This merger represents a transformative step forward for both Equinox and Calibre, bringing together two complementary companies with strong production, growth potential, operational expertise, and a shared commitment to responsible mining.”
“For more than 17 years, our exploration success has been integral to the ongoing operations at Bolañitos,” said Dan Dickson, Chief Executive Officer. “The latest results highlight our focus on efficient, cost-effective exploration, which continues to extend the mine’s life.”
“2024 was a transformational year for Newmont, as we focused on the integration of the Newcrest portfolio, divestment of our non-core assets, and transitioning the business onto a stable operating and investment platform. We have deliberately streamlined Newmont into the world’s best collection of Tier 1 gold assets, with a strong foundation of operational and financial performance. Our record fourth quarter gave a glimpse into the promising potential of the business and allowed Newmont to deliver record operating cash flows,” said Tom Palmer, Newmont’s President and Chief Executive Officer.
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