Xali Gold Corp. has completed data compilation for the Sarape silver-gold Project in Northern Mexico, optioned from Advanced Lithium Corp. Located 20 km from the Las Chispas Mine, Sarape features two low-sulphidation epithermal veins with high-grade potential. Surface samples show up to 3.66 g/t Au and 177 g/t Ag. Xali Gold plans further exploration to delineate drill targets.
MAG Silver Corp. reported Q2 2025 production from Juanicipio (56% MAG, 44% Fresnillo), processing 343,000 tonnes of ore, with silver grades at 417 g/t and production of 4.3 million silver ounces and 10,465 gold ounces. Lead and zinc output rose 9% and 21%, respectively. A tragic fatality in July prompted a safety review. Full-year guidance remains on track, with comprehensive results due August 11, 2025.
Advance Metals (ASX: AVM) has agreed with Endeavour Silver to earn 100% interest in the high-grade Guadalupe y Calvo gold-silver project in Mexico over four years. Located in the Sierra Madre Occidental, the project has a 2021 resource estimate of 9.5Mt at 2.7g/t AuEq (816,000 oz). Historical drilling shows strong results, including 15m at 16.8g/t Au and 373g/t Ag.
Pinnacle Silver and Gold Corp. reported high-grade assays from underground channel sampling at the Pinos Cuates mine, El Potrero Project, Mexico, with up to 85.1 g/t Au and 520 g/t Ag over 0.5m. Composite assays include 50.3 g/t Au and 269 g/t Ag over 1.7m. The company plans underground drilling to define the mineralized zone’s extent.
Avino Silver & Gold Mines Ltd. reported a 5% increase in Q2 2025 silver equivalent production, reaching 645,602 ounces, with record mill throughput of 190,987 tonnes. Gold and copper production rose 17% and 12%, respectively, despite lower silver output. The company maintains a strong balance sheet with US$37 million in cash and is advancing development at La Preciosa.
Guanajuato Silver Company Ltd. reports high-grade vein intercepts at its San Ignacio Mine, Mexico, including 8.20m true width at 536 g/t AgEq and 1.06m at 2,585 g/t AgEq in the Santo Nino zone. Development work is underway to access these gold-rich areas for mining in 2025, leveraging existing infrastructure for rapid exploitation.
Heliostar Metals Ltd. will restart mining at San Agustin Mine in H2 2025, targeting 45,000 gold ounces from the Corner Area, with a post-tax NPV5% of US$35.25M, IRR of 548%, and CAPEX of US$4.2M at US$3,000/oz gold. Drilling in H2 2025 will focus on oxide and sulphide targets to extend mine life.
Equinox Gold Corp. announces a leadership transition: Greg Smith steps down as CEO and Director, succeeded by Darren Hall, former President and COO. Hall, with 40 years of mining experience, previously led Calibre Mining. David Schummer is appointed COO. The transition marks Equinox Gold’s shift toward operational excellence and growth, leveraging assets like Greenstone and Valentine.
Aura Minerals Inc. (Nasdaq: AUGO, TSX: ORA) announced that S&P Global Ratings upgraded its credit rating outlook to positive from stable, affirming its B+ global and ‘brAA’ Brazilian ratings. The upgrade reflects Aura’s U.S. listing, successful project execution, and high gold prices boosting cash flow. S&P noted potential for further upgrades if Aura grows without increasing leverage. The finance card above shows AUGO at $24.87 and ORA at $89.60.
Kootenay Silver Inc. announced a 2025 drill program at its Columba Project, starting in August with 25,000–30,000 meters to expand the 54.1 Moz silver Inferred Mineral Resource (284 gpt Ag). Fully funded by a $20M financing, the program targets D, F, and B/Lupe Veins. The company also granted 2.5M stock options and 1.5M restricted/deferred share units.
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