Riverside Resources and Questcorp Mining Execute Definitive Option Agreement for La Union Project, Sonora, Mexico

Riverside Resources and Questcorp Mining signed a definitive option agreement for the 2,520 ha La Union gold-polymetallic project in Sonora, Mexico. Questcorp can earn 100 % by making staged cash payments, issuing up to 19.9 % of its shares to Riverside and spending C$5.5 M on exploration. Riverside will operate early exploration and retain a 2.5 % NSR if the option is exercised.

Trafigura Raises a Record USD390 Million in the US Private Placement Market

Trafigura Group Pte Ltd. raised a record USD390M through a US Private Placement on May 6, 2025, across four tenors, including a new 12-year tranche. The placement, upsized from USD100M due to strong demand, refinances USD102M of maturities and adds USD288M in liquidity. Citi and MUFG acted as agents, with funding set for May 30, 2025.

Discovery Files Final Base Shelf Prospectus

Discovery Silver Corp. filed a final short form base shelf prospectus on May 5, 2025, replacing its March 2023 prospectus. The filing allows potential offerings of up to C$500M in securities over 25 months, enhancing financial flexibility for future business developments. Specific terms and use of proceeds will be detailed in future prospectus supplements.

Aura Announces Q1 2025 Financial and Operational Results

Aura Minerals reported Q1 2025 results: production of 60,087 GEO; net revenue $161.8M (up vs. last year but slightly down vs. Q4 2024); gross profit $78.4M; Adjusted EBITDA $81.5M; adjusted net income up versus prior year; operating cash flow $41.2M; and net debt/LTM EBITDA ~0.9×. Borborema project started operations on schedule.

Vizsla Silver Announces Resumption of Field Work Activities at its Panuco Project in Mexico

Vizsla Silver Corp. announced on May 5, 2025, the full resumption of field work at its flagship Panuco silver-gold project in Sinaloa, Mexico, following a temporary pause due to security concerns. Activities include test mine development, exploration/geotechnical drilling, mapping, and surveys. Plans: advance Feasibility Study and seek Project #2 in H2 2025.

Luca Discovers Multiple New High-Grade Ore Shoots at Tahuehueto Mine, Durango, Mexico

Luca Mining Corp. announced results from nine underground drill holes at its Tahuehueto gold-silver mine in Mexico, part of a 5,000m exploration program. Two new high-grade breccia ore shoots were discovered in the El Creston vein system, with intercepts including 9.4m at 5.21 g/t AuEq and 4.8m at 5.62 g/t AuEq. A Phase 2 drilling program and surface drilling at the Santiago deposit have begun.

Kootenay Silver Reports Drill Results from Columba Project, Chihuahua, Mexico: Highs to 7,630 gpt Silver and 30.57% Combined Lead-Zinc

Kootenay Silver Inc. announced high-grade drill results from its Columba Silver Project, with D-Vein assays reaching 7,630 gpt silver and 30.57% lead-zinc, the deepest and highest values recorded. Hole CDH-25-199 intercepted 620 gpt silver over 16.5 meters. The company is compiling data for a maiden resource estimate, with drilling now exceeding 20,000 meters.

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