Kootenay Resources Inc. closed a $247,450 non-brokered private placement, issuing 2,690,000 non-flow-through units at $0.05 and 2,053,636 flow-through units at $0.055. Each unit includes a share and a warrant, exercisable at $0.12-$0.15 for five years. Funds will support the Moyie Anticline Project and working capital. Securities have a resale restriction until February 6, 2025.
Silver Tiger Metals Inc. closed a bought deal offering, selling 39,962,500 shares at C$0.72 each, raising C$28,773,000. Proceeds will fund exploration and development at the El Tigre Project in Mexico and general corporate purposes. The offering was led by Stifel Nicolaus Canada Inc. and Desjardins Capital Markets, with a 6% commission, reduced for certain orders. The October 2024 PFS projects robust economics for the El Tigre open pit, with a US$222 million NPV and 40% IRR.
Tocvan announced initial drone magnetic survey findings at Gran Pilar on Oct 7, 2025: Identified 2×2.5 km structural complex in South Block with magnetic signatures linked to mineralization, aligning with high-grade surface results (up to 21.2 g/t Au, >2,000 g/t Ag). Refines drill targets; full data processing and drilling to follow.
Southern Empire Resources Corp. announced Monumental Minerals (Fortuna Mining Corp.) completed exploration at the Centauro Gold Project, Chihuahua, Mexico, defining 56 drill pads. A 3,500m drilling program targeting precious metals at 300-400m depths starts October 2025. Southern Empire retains a 1% NSR royalty and US$975,000 in potential payments. Centauro shows epithermal/Carlin-style potential, akin to the Pedro Gold Project.
Equinox Gold Corp. reported a record Q3 2025, producing 236,470 ounces of gold, with year-to-date production at 634,428 ounces. Greenstone Mine saw a 10% increase in mining rates and 13% higher mill grades. Valentine Gold Mine poured first gold ahead of schedule on September 14, averaging 57% of nameplate capacity. The company reduced debt by US$139 million and sold Nevada assets for US$115 million.
Grupo México, led by billionaire Germán Larrea, offered to buy up to 100% of Citigroup’s Banamex, valuing it at ~US$2.6B, after failed 2023 talks. The proposal respects Fernando Chico Pardo’s recent 25% stake purchase. Citi prefers an IPO but will review the offer. Grupo México’s stock fell 18.8% amid the news.
Torex Gold Resources Inc. reported high-grade assay results from its 2025 ELG Underground drilling program in Mexico, focusing on El Limón Sur and Sub-Sill trends. Notable intercepts include 21.2m at 28.13 gpt AuEq and 24.6m at 17.06 gpt AuEq. New second-order structures and extended mineralization support resource expansion and reserve replacement, aiming to extend mine life beyond 2029.
Southern Silver Exploration Corp. mobilizes crews for up to 12,000m drilling on the new Puro Corazon claim, adjacent to its Cerro Las Minitas project in Mexico. The program integrates historic data, sampling, and Lidar survey to expand the Skarn Front deposit, targeting resource growth and synergies for an updated PEA in Q1 2026. Options granted to key personnel.
Pantera Silver Corp. (TSXV: PNTR) announces a non-brokered private placement of up to 5M units at $0.50 each, targeting $3.5M. Each unit includes one common share and half a warrant (exercisable at $0.75 for 2 years). Proceeds for exploration, acquisitions, and working capital. Subject to TSXV approval and 4-month hold.
Mexican Gold Mining Corp. (TSXV: MEX) has arranged a non-brokered private placement of up to 10M units at $0.085 each, targeting $850K in proceeds. Each unit comprises one share and one warrant (exercisable at $0.12 for 3 years). Funds for working capital; subject to TSXV approval and 4-month hold period.
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