Luca Mining Corp. confirmed normal operations at its Tahuehueto Gold Project in Durango, Mexico, following a PROFEPA environmental inspection. The inspection, part of routine oversight, identified a small, inactive legacy tailings area needing updated documentation. A temporary closure notice was issued for this 0.3-hectare area, but it does not impact ongoing production. Luca is developing a remediation plan while maintaining operations at Tahuehueto and Campo Morado.

Citigroup rejected Grupo Mexico’s $9.3 billion bid for its Mexican retail unit, Banamex, opting to proceed with a previously agreed deal to sell a 25% stake to Mexican billionaire Fernando Chico Pardo for $2.3 billion. Citi plans a public offering for the remaining shares, believing this maximizes shareholder value. Grupo Mexico’s shares rose over 4.5% after the announcement.

Agnico Eagle Mines Limited acquired 5,000,000 subscription receipts from Fuerte Metals Corporation’s subsidiary for C$8.25 million, increasing its stake to 8.12% (non-diluted) and 11.65% (partially-diluted) upon conversion. This strategic investment aligns with Agnico’s focus on high-potential geological projects, complementing its portfolio of growth initiatives in Canada, Australia, Finland, and Mexico.

Guanajuato Silver Company Ltd. closed a C$43.5 million “bought deal” offering of 87 million units at C$0.50 each, with each unit including one common share and half a warrant exercisable at C$0.65 until October 9, 2028. Proceeds will fund mine development, working capital, and corporate purposes. Underwriters received a C$2.595 million commission and 2.587 million broker warrants.

Fuerte Metals Corporation closed a $57.5 million subscription receipts offering at $1.65 each, issuing 34.8 million units. Proceeds, escrowed, will fund the Coffee Gold Project acquisition from Newmont, exploration, and corporate purposes, pending approvals. Each receipt converts to one share and one five-year warrant ($2.50 strike) upon conditions met by Dec. 31, 2025. TSXV approval pending.

Sandstorm Gold Ltd. shareholders approved a plan of arrangement with Royal Gold, Inc., with 98.68% voting in favor at a Special Meeting on October 9, 2025. Royal Gold stockholders also approved the share issuance for the acquisition. The transaction, expected to close on October 20, 2025, awaits court and regulatory approvals. Sandstorm shares will be delisted post-transaction.