MAG Silver Corp. declared a total dividend of $0.20 per share, comprising a fixed $0.02 per share and a cash flow-linked $0.18 per share (about 30% of $61.5 million from Juanicipio), payable on May 28, 2025, to shareholders of record as of May 19, 2025. The dividend is an “eligible dividend” under Canada’s Income Tax Act, subject to withholding taxes for non-residents. Future dividends depend on Board approval, financial position, and other factors.

Pan American Silver Corp. (NYSE: PAAS) (TSX: PAAS) held its annual general and special meeting on May 7, 2025, in Vancouver, with 68.52% of shares represented. Shareholders approved all proposals, including setting the board size at nine directors (99.51% for), electing all nominated directors (80.65%-99.75% for), appointing Deloitte LLP as auditors (89.98% for), and endorsing the executive compensation approach (95.38% for). The stock price for PAAS is currently $25.695 USD.

Equinox Gold Corp. reported Q1 2025 results, producing a record 145,290 ounces of gold, with sales of 147,920 ounces at $2,858/oz. Cash costs were $1,769/oz, and AISC was $2,065/oz. The company recorded a net loss of $75.5 million ($0.17/share) and adjusted EBITDA of $137.9 million. Operations at Los Filos were suspended indefinitely due to an expired community agreement. Equinox Gold is advancing a merger with Calibre Mining, expected to close in Q2 2025, creating a diversified gold producer. The stock price for EQX is currently $6.07 USD.

First Majestic Silver Corp. reported record Q1 2025 financial results, with revenue of $243.9 million (+130% Y/Y), driven by 7.7 million AgEq ounces produced, including a record 3.7 million silver ounces (+88% Y/Y). Cash flow from operations hit $110 million, with a record cash balance of $462.6 million. Mine operating earnings were $63.8 million, and net earnings were $6.2 million ($0.01 EPS). Cash costs fell 9% to $13.68/AgEq oz, and AISC dropped 11% to $19.24/AgEq oz. A $0.0045/share dividend was declared, payable May 30, 2025. The stock price for AG is currently $7.43 USD.

Fortuna Mining Corp. reported a record $111.3 million in free cash flow for Q1 2025, up 30% from Q4 2024, with a 38% margin. Attributable net income was $61.7 million ($0.20/share). Gold equivalent production reached 103,459 ounces, with lower cash costs ($929/GEO) and AISC ($1,640/GEO). The company divested the San Jose Mine and plans to sell Yaramoko, redirecting capital to high-value opportunities.

Torex Gold reported Q1 2025 results, with its Morelos Complex in Mexico achieving 59,630 oz AuEq payable production, aligning with expectations despite a four-week plant shutdown. The Media Luna Project reached commercial production, with first concentrate shipments in April. Revenue was $170 million, driven by a record $2,793/oz gold price. All-in sustaining costs were $1,405/oz AuEq, with a 50% margin. The company drew $130 million on its credit facility due to high tax/royalty payments and Media Luna capital expenditures but expects positive free cash flow by mid-2025 as production ramps up.

Pan American Silver Corp. reported strong Q1 2025 results, with 5.0 million ounces of silver and 182.2 thousand ounces of gold produced. Revenue reached $773.2 million, with record mine operating earnings of $250.8 million and free cash flow of $112.6 million. Net earnings were $169.3 million ($0.47/share), and adjusted earnings were $153.0 million ($0.42/share). Silver Segment AISC was $13.94/oz, and Gold Segment AISC was $1,485/oz. Cash and investments rose to $923.0 million, with working capital at $1,161.8 million. A $0.10/share dividend was declared, payable June 2, 2025. The company reaffirmed its 2025 guidance. The stock price for PAAS is currently $25.695 USD.

Sierra Madre Gold and Silver Ltd. reported positive Q1 2025 financial results, with revenues of $4.8 million from selling 165,093 silver equivalent (AgEq) ounces (75,137 silver, 1,022 gold ounces). Gross profit was $1.2 million, with $535,000 cash from operations. All-in-sustaining costs were $28.98/AgEq ounce. The Guitarra mine milled 39,167 tonnes, and the higher-grade Coloso mine began operations. Current assets reached $4.3 million.

Coeur Mining’s Q1 2025 results highlight strong performance from its Mexican operations, Las Chispas and Palmarejo. Las Chispas, acquired mid-quarter, produced 714,239 ounces of silver and 7,175 ounces of gold, contributing $58 million in revenue. Palmarejo produced 1.7 million ounces of silver and 23,032 ounces of gold, generating $95.8 million. Both mines bolstered Coeur’s $360 million revenue and $18 million free cash flow.