Capitan Silver Corp. raised C$6.6M through the early exercise of 13,250,000 warrants at C$0.50 each, led by its top three shareholders—Jupiter Silver & Gold Fund, Michael Gentile, and Construplan—holding over 78% of the warrants. The company, now fully funded for 2025 with no outstanding warrants, aims to advance its Cruz de Plata Silver-Gold Project in Durango, Mexico.
Orla Mining Ltd. filed an updated NI 43-101 technical report for its Camino Rojo deposit in Zacatecas, Mexico, including the initial underground Mineral Resource estimate for Camino Rojo Sulphides and Zone 22. The report is available on SEDAR+, EDGAR, and Orla’s website. A 15,000-metre drilling program, 90% complete, supports a 2026 PEA, with exploration drift planning underway.
Oroco Resource Corp.’s subsidiary, Minera Xochipala, signed an option agreement with Aztec Zinc to acquire 100% of the Vainilla Mineral Concession in Sinaloa, Mexico, covering 2,974 hectares near the Santo Tomás Project. The concession hosts polymetallic mineralization, offering exploration potential for copper and related metals. Oroco plans a staged exploration program, including IP surveys, mapping, and drilling. The option involves cash and share payments, with a 1.5% NSR royalty upon exercise, pending TSX-V approval.
Starcore International Mines Ltd. reported on its 10-year lease of the San Juan Nepomuceno (Tortilla Project) in Queretaro, Mexico. Metallurgical tests showed 79.85% gold and 84.75% silver recovery using CIL processing. The project features a historical mine with high-grade silver (590-1,200 g/t) and gold (0.54-0.95 g/t), with potential for lateral extensions up to 3 km and deeper mineralization.
Torex Gold Resources Inc. reported strong drilling results from the EPO deposit’s northern extension at the Morelos Complex, Mexico. Highlights include 55.18 gpt AuEq over 20.1 m (ML24-1049DA) and 6.17 gpt AuEq over 15.0 m (ML24-1048D). The 2024 program added 233,000 oz AuEq to Inferred Resources. Drilling aims to expand resources and extend production beyond 2035, with first EPO production expected by late 2026.
Colibri Resource Corporation plans to amend its US$619,000 convertible debentures, extending maturity to 2027 and lowering the conversion price to C$0.25 or C$0.15 at current maturity. Warrants and Finder’s Options will extend two years with a reduced exercise price of C$0.25. These changes aim to strengthen Colibri’s balance sheet to advance the Pilar Gold & Silver Project, leveraging strong drill results and nearing pilot plant approval.
Bear Creek Mining Corporation reported Q2 2025 production of 7,973 ounces of gold and 33,932 ounces of silver at its Mercedes Mine, reflecting underperformance due to a terminated contractor at the Marianas deposit. A recovery plan is underway, with a new contractor engaged. The company drew US$2.4 million from a Sandstorm promissory note for working capital, amid an ongoing strategic review.
Sierra Madre Gold and Silver Ltd. upsized its private placement to issue 23,572,000 units at $0.70 each, aiming for $16,500,400 in proceeds. Each unit includes one common share and half a warrant, exercisable at $0.85 for 12 months. The offering, led by Beacon Securities, targets Canadian investors (excluding Quebec) under the Listed Issuer Financing Exemption. Closing is expected around July 24, 2025, pending regulatory approval.
Defiance Silver Corp. acquired Green Earth Metals Inc., gaining three copper-gold-silver projects in Sonora, Mexico. The deal involved issuing 4,954,613 Defiance shares for all GEMS shares, valued at C$1,263,426. The projects, located in the Porphyry-Copper Belt, cover 6,795.22 hectares near major mines. Defiance plans a comprehensive exploration campaign, including drilling at the Victoria project.
Newmont Corporation announced the sale of shares in Greatland Resources and Discovery Silver Corp for ~$470 million in net proceeds, reflecting strong equity appreciation. The sales, part of Newmont’s 2024 non-core asset divestiture plan, included half its Greatland shares (230% return) and all Discovery shares (200% return). Newmont expects $3.0 billion in 2025 divestiture proceeds, supporting its capital allocation priorities.
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