Kingsmen Resources Ltd. (TSXV:KNG) closed its non-brokered private placement, raising $4.15 million by issuing 3,075,000 units at $1.35 each. Each unit includes one common share and one-half warrant (exercisable at $1.90 for two years). Proceeds will advance the Las Coloradas silver-gold project in Mexico and support working capital.
Pinnacle Silver and Gold Corp. (TSXV:PINN) has completed a high-resolution airborne LiDAR and aerial photography survey over its entire 11 km² El Potrero high-grade gold-silver project in Durango, Mexico. The survey will reveal hidden structures, veins, and historic workings beneath vegetation to guide upcoming drilling and fast-track the low-capex restart of the past-producing project near four operating mines. Results expected mid-December.
Osisko Development (NYSE/TSXV:ODV) is selling its 100% interest in the San Antonio Gold Project in Sonora, Mexico to Axo Copper (TSXV:AXO). Consideration includes shares representing 9.99% of Axo, 70% of any VAT refund, up to US$4M in contingent payments (feasibility study and first pour), and anti-dilution on Axo’s first US$10M raised. Transaction closes subject to TSXV approval.
Guanajuato Silver (GSilver) is acquiring Endeavour Silver’s Bolanitos mine in Guanajuato, Mexico for up to US$50M (US$40M upfront + US$10M contingent). Bolanitos, producing ~2.5M AgEq oz in 2024, becomes GSilver’s 5th mine, integrating San Ignacio for cost savings and adding Cebada project. Deal closes January 2026.
Endeavour Silver is selling its Bolañitos mine to Guanajuato Silver for up to US$50M: US$40M upfront (US$30M cash + US$10M shares) plus up to US$10M contingent on production milestones. The deal, closing January 2026, allows Endeavour to focus on Terronera and Pitarrilla while streamlining its portfolio.
Heliostar Metals reports high-grade gold intercepts from Ana Paula drilling in Mexico, including 83.2m at 17.35 g/t Au (46.65m at 27.35 g/t), 70.7m at 9.38 g/t, 92.1m at 4.33 g/t, and 65.2m at 5.39 g/t. Program expanded 33% to 20,000m for resource conversion and exploration, supporting feasibility study with low $1,011/oz AISC.
Silver Viper Minerals Corp. (TSXV: VIPR) has upsized its non-brokered private placement due to strong demand, now offering up to 18,750,000 units at $0.80 each to raise up to $15 million (from original ~$10–12M range). Terms unchanged; closing expected around December 10, 2025, subject to TSX-V approval. (48 words)
Sailfish Royalty Corp. (TSXV:FISH) reported Q3 2025 royalty revenue of $430k (up from $212k YoY) and total revenue of $879k. Gross profit rose to $764k, with net income of $1.72M (vs. prior loss). YTD net income reached $1.83M. Key drivers: increased silver stream deliveries and higher gold prices. Post-quarter, Sailfish paid a $0.0125/share dividend and announced a new gold stream + 2% NSR on the Mt. Hamilton project in Nevada.
Advance Metals (ASX:AVM) has recommenced diamond drilling at its 100% owned high-grade Yoquivo Silver-Gold Project in Chihuahua, Mexico. The fully funded ~3,000m program targets depth and lateral extensions to the existing 17.23Moz AgEq (570 g/t) Foreign Estimate at Pertenencia, plus new high-grade regional veins (up to 1,594 g/t AgEq at surface). Drilling continues into early 2026, supported by historic core resampling, to deliver an upgraded JORC resource.
Heliostar Metals Q3 2025: Record 9,165 GEOs produced, 7,709 sold. Operating income $14.2M, net income $1.3M. Cash costs $1,500/GEO, AISC $1,825/GEO. Cash $34.6M, no debt. On track for 31-41k GEOs 2025 guidance with strong pipeline growth at Ana Paula.
Mexico Mining Center © 2021 / All Rights Reserved
