Guanajuato Silver Company Ltd. (TSXV:GSVR) announced underwriters exercised the over-allotment option, buying 6,525,000 additional warrants for C$522,000 gross proceeds. Each warrant entitles purchase of one share at C$0.65 until October 9, 2028. Underwriters earned C$31,320 commission.
Heliostar Metals Ltd. (TSXV:HSTR) schedules AGM for Nov 26, 2025. Chairman Jacques Vaillancourt and director Ken Booth to retire; James Perry proposed as successor. Company praises growth to gold production in Mexico. Details voting instructions for registered and beneficial shareholders amid Canada Post delays.
Fresnillo to acquire Probe Gold for CAD$780M (US$560M) at CAD$3.65/share, 24% premium. Gains 10M oz Au in Quebec, including Novador (potential 200k+ oz/year). All-cash deal, financed by reserves; shareholder vote Jan 2026, close Q1. Strategic entry into Canada.
Mithril Silver and Gold’s September 2025 quarter: Advanced drilling at Copalquin District, Mexico, yielding high-grade gold-silver intercepts at Targets 1, 5, and new Target 6. Raised C$11.5M via placement; cash A$18.3M. Expanding resource; assays pending.
Mexico’s Supreme Court unanimously upheld a tax ruling against Primero Empresa Minera (First Majestic), confirming payment of MXN 2.87 billion (~USD 155 million) for 2012 ISR/IETU, plus updates and fines. The Court, led by Justice Lenia Batres, revoked a prior admission, found no exceptional constitutional issue, denied postponement, and earlier fined the firm 70 UMA for an unfounded recusal.
Capstone Copper’s Q3 2025 highlights: record adjusted EBITDA of $249.2M, up from $120.8M; copper production 55,280 tonnes at $2.42/lb C1 costs; net income $248.1M including impairment reversal. Sanctioned MV Optimized expansion; JV with Orion for Santo Domingo. Reiterates 2025 guidance.
Fortune Bay closed $8M bought deal private placement: 1.44M flow-through shares at $1.39 ($2M) for Goldfields exploration; 6M hard dollar shares at $1.00 ($6M) for permitting, PFS, Poma Rosa exploration, and corporate purposes. Paid $477K commission; issued 443K warrants. Pending TSXV approval.
Silverco Mining Ltd. announced drill results at Cusi Property, Mexico: 7.5m @ 364 g/t AgEq and 3.2m @ 519 g/t AgEq in San Miguel and Eduwiges veins, confirming a new discovery model with significant expansion potential for higher-grade resource and H2 2026 production restart.
Sonoro Gold Corp. completed the final payment for 100% interest in the Rosario Concessions at its Cerro Caliche gold project in Mexico, granting a 2% NSR royalty (buyable at $1M per percent). All concessions and surface rights are secured; project nears permitting for open-pit mining. CFO Salil Dhaumya resigned; Katharine Regan is interim CFO.
Advance Metals Q3 2025: Acquired earn-in to Guadalupe y Calvo project, boosting portfolio to >100Moz AgEq. Completed Yoquivo drilling with high-grade Ag-Au results; discovered new veins. Settled Gavilanes acquisition. Myrtleford exploration yielded strong gold intercepts. Post-quarter: $13M raise, new Chairman, Mexican Advisory Board.
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