Capitan Silver Corp. acquired seven mineral concessions totaling 2,171.4 hectares adjacent to its Cruz de Plata project in Durango, Mexico, for US$4.0 million from Minera Fresnillo. This expands Capitan’s land position by 85% and extends the silver-gold trend by 1.2 km, enhancing infrastructure potential. The deal awaits approval from the Public Registry of Mines.
Mako Mining Corp. reported record Q2 2025 financials, with $38.7M in gold sales, $16.9M in Mine Operating Cash Flow, $21.3M in Adjusted EBITDA, and $8.8M in Net Income. The company sold 11,476 oz of gold at $3,323/oz, with $1,509/oz cash costs and $1,668/oz AISC. Exploration expenses reached $2.2M, and Mako acquired Elevation Gold’s debt for $1.8M.
Sierra Madre Gold and Silver Ltd. reported Q2 2025 revenues of $5.4M and a gross profit of $1.3M from La Guitarra mine, despite weather-related disruptions. The company sold 173,562 silver equivalent ounces. A C$19.5M private placement closed post-quarter to fund equipment purchases, mine improvements, and a 20,000-meter exploration program.
Pacifica Silver closed the first tranche of its C$10 million non-brokered private placement, issuing 19.1 million units at C$0.50 to raise C$9.55 million. Strategic participants included Vizsla Silver, First Majestic Silver, Silvercorp Metals and investor Eric Sprott, with proceeds earmarked for exploration and drilling at the Claudia Project in Durango, Mexico.
Goldgroup Mining Inc. announced a non-brokered private placement of up to 5,000,000 units at $0.80 each, aiming to raise $4,000,000. Each unit includes one common share and one-half warrant, exercisable at $1.10 for 24 months. Proceeds will fund acquisition opportunities to enhance the company’s mining portfolio, particularly for its Cerro Prieto mine, pending TSX Venture Exchange approval. Securities are subject to a four-month hold period.
Guanajuato Silver Company Ltd. closed an C$18M non-brokered private placement, selling 60M units at C$0.30 each. Funds will upgrade mining equipment, enhance processing facilities, and expand exploration at its Mexican silver mines. The offering included warrants and involved finders and advisors receiving fees and warrants. Units are free-trading in Canada, with restrictions in the U.S.
Xali Gold Corp. filed its audited financial statements for the year ended March 31, 2025, on August 16, 2025, available on SEDAR+ and the company website. The TSX Venture Exchange is reviewing Xali Gold’s listing status post-trading halt, with the company aiming to resume trading. Two El Oro concessions were cancelled, and seven more were unlawfully cancelled without notice; legal recourse is being pursued.
Santacruz Silver Mining Ltd. reported strong Q2 2025 results with $73.3M in revenue (up 4%), $25.3M gross profit (up 59%), and $21.0M net income (up 1,348%) year-over-year. Adjusted EBITDA rose 68% to $26.8M, and cash reserves grew 691% to $57.8M. Despite a 15% drop in silver equivalent production, cost efficiencies improved, with AISC down 8% to $22.95/oz.
GR Silver Mining Ltd. announced promising results from its 2025 Step-Out Drilling Program at the San Marcial Area, Plomosas Project, Sinaloa, Mexico. Drill hole SMS25-08 intersected 19.9m at 250 g/t AgEq, including 1.3m at 954 g/t AgEq, and a new high-grade vein at 1,685 g/t AgEq. The program aims to expand the resource area, with ongoing drilling targeting further high-grade silver and gold mineralization.
EV Resources Limited signed an MOU with Wogen Resources and Xcelsior Capital for a US$2–3M debt facility to advance its Los Lirios Antimony Project in Mexico. Wogen gains exclusive offtake rights, and both partners will provide technical and market support. The non-binding MOU supports a 100-tonne-per-day processing plant, aligning with U.S. critical minerals priorities.
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