Torex Gold Resources (TSX: TXG) reported strong 2025 drilling at Media Luna West (Morelos Complex, Mexico), defining a 400×300 m high-grade zone near Media Luna. Highlights: 17.79 gpt AuEq over 12.9 m and 12.25 gpt AuEq over 11.0 m. An inaugural Inferred Resource is expected in March 2026; remains open north and south.
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.
Southern Silver Exploration (TSXV: SSV) announced bonanza-grade silver intercepts from the first drill holes on its newly acquired Puro Corazon claim at the Cerro Las Minitas project in Mexico. Ten of 21 planned holes (4,000 m) are complete with several additional thick sulphide intercepts logged and assays pending. Underground channel sampling has begun, with results to support an updated mineral resource estimate and new PEA expected in Q1 2026.
Riverside Resources (TSXV: RRI) closed a $3.69M non-brokered private placement, issuing 18.46M units at $0.20 each (1 share + ½ warrant at $0.30 for 2 years). Funds support project advancement and growth. Strategic investors participated; no finder’s fees. TSXV approval pending.
Minera Alamos (TSXV: MAI) reported Q3 2025 net loss of $7.1M due to Nevada assets acquisition. Highlights: Completed $135M bought deal financing; acquired Pan Mine (3,093 oz gold in Oct.), Gold Rock, Illipah from Equinox Gold for $88M cash + shares. Appointed David Stewart as VP Capital Markets; plans TSX listing Q1 2026, 10:1 consolidation, 48.3M options. Advances Copperstone, Cerro de Oro.
Mercado Minerals Ltd. (CSE: MERC) closed a C$5.6M non-brokered private placement, issuing 27.99M units at C$0.20 each (1 share + ½ warrant exercisable at C$0.35 until Nov 2028). Vizsla Silver participated as a strategic investor. Proceeds will advance the Copalito and Zamora projects in Mexico, support acquisitions, IR, and working capital.
Empress Royalty (TSXV:EMPR) reported record results for the nine months ended Sep 30, 2025: revenue US$10.8M (nearly double 2024), gross profit US$7.4M, net income US$3.0M, operating cash flow US$5.2M, and adjusted EBITDA US$7.1M, driven by increased production and strong gold/silver prices.
Mithril Silver and Gold (TSXV:MSG) reported high-grade channel samples across Copalquin District, Mexico: highlights include 0.60 m @ 38.3 g/t Au + 4,520 g/t Ag (Target 5), 0.50 m @ 16.8 g/t Au + 625 g/t Ag (Target 1 West), and 0.65 m @ 16.0 g/t Au + 284 g/t Ag (Target 3). Drilling expands Target 1 West and Target 5; Target 3 drilling starts Jan 2026. 25,000 m drill program planned for H1 2026.
Heliostar Metals (TSXV: HSTR) announced James Perry, former Newcrest Mining executive and current President of Sweetwater Royalties, has succeeded Jacques Vaillancourt as Chairman following the Nov 26, 2025 AGM. Company also granted 250,000 stock options at $2.63 and 200,000 RSUs to directors, officers, and consultants.
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