Arturo Préstamo, Executive Chairman and CEO of Santacruz, commented, “During the fourth quarter of 2024, Santacruz continued to deliver steady operational performance, processing 493,141 tonnes of ore and producing 4,710,013 silver equivalent ounces. Silver production rose by 3% compared to the previous quarter, reaching 1,761,686 ounces.”
Guanajuato Silver filed an NI 43-101 technical report on January 30, 2025, for El Cubo mine’s updated MRE (effective August 1, 2024): Indicated 3.9 Moz AgEq (429kt at 283.9 g/t); Inferred 35.6 Moz AgEq (3,711kt at 298.5 g/t), up 85% from prior. Drilling to upgrade resources started January 2025.
Reyna Silver Corp. is pleased to announce a non-brokered private placement consisting of up to 40,000,000 units at CAD$0.075 per Unit for gross proceeds of up to CAD$3,000,000.
Prime Mining Corp. Chief Executive Officer Scott Hicks commented, “Step-out drill holes at the southernmost end of Noche Buena in the Central Trend returned excellent gold and silver grades, defining a brand new high-grade shoot that is several hundred meters beyond our October 2024 resource update. Mineralization is at grades and widths indicative of underground expansion potential. And, mineralization remains open at depth and along strike to the south, with strong potential for significant extension via the 2025 drilling currently underway.”
Heliostar CEO, Charles Funk, commented, “At La Colorada, we are seeing the combined benefit of gold production at record prices and growth from the first significant investment into the project in many years. Our aggressive five-rig drill program is designed to increase the reserves of the Creston pit.”
Xali Gold has signed a definitive 5+5-year agreement with Remedioambiente S.A. de C.V. (led by Keith Piggott) to begin underground test mining and recovery work on the historic El Oro gold-silver project in Mexico, targeting material above the 2400 m level.
Pinnacle Silver and Gold Corp. updated on January 29, 2025, its proposed acquisition of up to 100% El Potrero gold-silver project (Mexico), with 2% NSR. Definitive agreement deadline extended to February 21, 2025. Due diligence complete, NI 43-101 report suitable, title opinion revised. Closing expected mid-February pending TSXV approval.
Alamos Gold received SEMARNAT approval for an environmental permit amendment on Jan 29, 2025, allowing construction start on the Puerto Del Aire underground project in Mexico’s Mulatos District. Ramp-up mid-2025; first production mid-2027. Initial capex $165M; avg 127koz Au/year first 4 years at $1,003/oz AISC.
“Delivering silver production of nearly 19 million ounces in 2024 is a testament to the quality and resilience of the Juanicipio project and the quality of the team’s execution,” said George Paspalas, MAG Silver’s President and CEO.
McEwen Mining reported 2024 production within guidance and stable all-in sustaining costs per ounce. Gold and silver output met targets, while copper was slightly lower. For 2025, the company reiterated stable production and cost guidance, focusing on improved performance at the Fox Complex and efficient operations across assets to support consolidated growth.
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