Equinox Gold Corp. reports high-grade gold discoveries at its El Limon Mine in Nicaragua, with drill results up to 36.77 g/t gold over 6.9m. The 2025 100,000m drilling program targets resource expansion, showing potential to extend mineralization. Since acquiring El Limon in 2019, Mineral Reserves increased 700% to 1.12M ounces, with surplus processing capacity supporting future growth.
GR Silver Mining Ltd. announced drilling results from its Step-Out Drilling Program at the San Marcial Area, Plomosas Project, Mexico. The program targets silver mineralization extensions along NE and NW structures, identifying wide, high-grade hydrothermal breccias near the 2023 NI 43-101 resource. Key results include SMS25-05 with 26m at 122 g/t Ag Eq and SMS25-04 with 36m at 144 g/t Ag Eq.
Orla Mining Ltd. reported an uncontrolled material movement of approximately 390,000 tonnes on the temporary north wall at its Camino Rojo Oxide Mine in Mexico on July 23, 2025. No injuries or environmental damage occurred. Mining operations are suspended for geotechnical assessments, expected to conclude within a week, with remediation to follow. The company will process stockpile material (2,243,000 tonnes at 0.32 g/t gold) to maintain production. Updates on full-year guidance are pending.
Mithril Silver and Gold Limited (TSXV: MSG, ASX: MTH) closed a C$11.5 million private placement on July 24, 2025, issuing 31,944,700 shares at C$0.36 each. The funds will advance the Copalquin project in Mexico and support general corporate needs. The offering included a fully exercised Agents’ Option, with shares under a hold period until November 25, 2025.
Newmont Corporation reported a strong Q2 2025 with $2.1 billion net income, $1.6 billion adjusted net income, and record $1.7 billion free cash flow. The company produced 1.5 million gold ounces, declared a $0.25 per share dividend, and authorized a $3.0 billion share repurchase program. Newmont remains on track for 2025 guidance, bolstered by $3.0 billion in divestiture proceeds.
Sierra Madre Gold and Silver Ltd. closed the first tranche of a $19.5M private placement, raising $17.75M by issuing 25.36M units at $0.70 each, including one share and half a warrant exercisable at $0.85 for 12 months. Funds will support Guitarra mine expansion, East District exploration, and corporate purposes. The offering awaits TSX Venture Exchange approval.
Questcorp Mining Inc. is advancing surface exploration at its La Union Gold-Silver Project in Sonora, Mexico, ahead of a 1500-meter drilling program in mid-August. The company, holding an option to earn 100% interest from Riverside Resources, identified stacked thrust faults and intrusive bodies, enhancing the project’s mineralization potential. Sampling and road maintenance are ongoing, with drill contracts nearing finalization.
Mammoth Resources Corp. received TSX Venture Exchange approval for a first tranche closing of 21,821,902 units at $0.025 each, raising $545,548. Each unit includes one common share and one-half warrant, exercisable at $0.05 for 18 months. The funds are part of an upsized private placement targeting up to $980,000. Mammoth focuses on its 100%-owned Tenoriba gold property in Mexico.
Fresnillo plc reported robust Q2 2025 production with 12.5 moz of attributable silver (up 1.0% vs. Q1 2025, down 14.7% vs. Q2 2024) and 157.7 koz of gold (up 1.0% vs. Q1 2025, up 21.3% vs. Q2 2024). Strong performance at Herradura drove gold output, while silver was impacted by lower grades and Silverstream. The company maintains its 2025 guidance.
Xali Gold Corp. has completed data compilation for the Sarape silver-gold Project in Northern Mexico, optioned from Advanced Lithium Corp. Located 20 km from the Las Chispas Mine, Sarape features two low-sulphidation epithermal veins with high-grade potential. Surface samples show up to 3.66 g/t Au and 177 g/t Ag. Xali Gold plans further exploration to delineate drill targets.
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