First Majestic Silver Corp. (NYSE:AG, TSX:AG) is privately placing US$300 million (optionally up to US$345 million) of unsecured convertible senior notes due 2031. Net proceeds will partially repurchase its existing 2027 convertible notes and fund general corporate/strategic purposes. The notes are unregistered and sold under exemptions in the US and Canada.

Minaurum Gold Inc. (TSXV:MGG) announced a best-efforts private placement of 27.78M units at C$0.36 for ~C$10M gross proceeds (optionally +C$1.5M). Each unit: 1 share + ½ warrant (C$0.50 exercise, 24 months). Proceeds fund Phase II drilling at Alamos silver project and working capital. Closing ~Dec 11, 2025.

Empress Royalty Corp. (TSXV:EMPR) announces co-founder Jeremy Bond has resigned as director to pursue other commitments. The Company thanked him for his foundational role in achieving profitability. Bond remains a supportive shareholder; Empress is now considering new board additions as it enters its next growth phase.

Southern Silver Exploration (TSXV: SSV) announces a $5M bought-deal private placement of 10M common shares at C$0.50 each, led by Red Cloud Securities, with an option for an additional 2M shares (+$1M). Proceeds will advance the Cerro Las Minitas project in Mexico. Closing expected ~Dec 16, 2025.

Xali Gold Corp. (TSXV: XGC) announces a non-brokered private placement of 15 million units at C$0.10 each to raise ~C$1.5M. Each unit includes one share and half a warrant (exercisable at C$0.20 for 18 months). Proceeds will primarily fund the Pico Machay Gold Project in Peru. Closing expected ~Dec 15, 2025.

Fuerte Metals (TSXV: FMT) announces a C$15M best-efforts private placement of flow-through shares: up to 952,380 FT Shares at C$5.25 and 1,655,620 Special FT Shares at C$6.04, led by Stifel Canada and BMO. Proceeds will fund Canadian exploration expenses at the Coffee Gold Project in Yukon. Closing expected ~Dec 18, 2025.

Endeavour Silver Corp. (NYSE: EXK, TSX: EDR) priced a US$300M (up to US$350M) offering of 0.25% unsecured convertible senior notes due 2031. Initial conversion price ~US$12.46/share (32.5% premium). Proceeds will repay secured debt, advance the Pitarrilla project in Mexico, and support general corporate and strategic purposes. Closing expected Dec 4, 2025.

GR Silver Mining (TSXV:GRSL) upsized its bought-deal financing to $17.5M (58.33M units at $0.30), with an underwriters’ option for up to $20M total. Each unit includes one share + ½ warrant ($0.42, 36 months). Proceeds will advance the Plomosas silver project in Mexico. LIFE tranche is free-trading; closing expected mid-December 2025.

Pan American Silver reported robust 2025 near-mine exploration results from seven operations (333 km drilled YTD), highlighting resource growth potential. The program continues to focus on resource replacement and expansion across the portfolio.