Mithril Silver and Gold Limited (TSXV:MSG) signed a 4-year option to acquire 100% of the 2,052-ha La Dura gold-silver property in Durango, Mexico, near its flagship Copalquin project, for US$4M. La Dura hosts historic mines and a 60 tpd mill. Initial LiDAR and magnetic surveys start this month.
Pan American Silver Corp. (NYSE: PAAS) acquired 18.75M units of Galleon Gold Corp. (TSXV: GGO) at C$0.60 each via private placement, gaining 18.75M shares and 9.375M warrants (exercisable at C$0.75 until Dec 2027). This boosts ownership to ~14.7% undiluted, ~29.7% partially diluted, atop a C$8M convertible debenture. Investment for long-term potential; early warning filed.
Capitan Silver (TSXV:CAPT) released an updated pit-constrained Inferred MRE for Capitan Hill oxide gold deposit in Durango, Mexico: 39.8 Mt @ 0.41 g/t Au (525 koz Au) + 4.24 Moz Ag, a 115% increase in contained gold vs historical estimate. Drilling and geophysics ongoing; Capitan Hill is only ~1% of the Cruz de Plata project area.
Americas Gold and Silver closed an oversubscribed US$132.25M bought deal financing, issuing 33M shares at US$4.00 each. Proceeds will fund the acquisition of Crescent Silver Mine (Idaho) and related capex. CEO notes strong institutional support, early Galena hoist upgrade enabling a 21-day December pause, and a fully-funded, robust 2026 outlook.
Guanajuato Silver is optimizing operations ahead of Bolanitos acquisition (expected Jan 2026): temporarily closing Cata mill, rerouting Valenciana ore to El Cubo, aiming for higher plant utilization and lower costs. Court ruled subsidiary owes NucTech ~US$10.3M in equipment dispute; company will appeal, staying payment.
Fortune Bay Corp. (TSXV: FOR) announced the appointment of Patrick McGrath as Chief Financial Officer, effective immediately. Mr. McGrath, a CPA with over 25 years of resource-sector finance and leadership experience, succeeds Sarah Oliver, who served as CFO since 2016 and will assist with the transition.
Tocvan Ventures (CSE:TOC) reports high-grade surface silver up to 134 g/t Ag from initial sampling across historic workings in the North Block of its Pilar Gold-Silver Project, Mexico. Strong alteration and pathfinders highlight new epithermal targets. Over 1,300m drilled to date (results pending); road building advances for South Block trenching.
EV Resources (ASX:EVR) completed drill permitting (up to 50 holes) at Los Lirios, with drilling to start mid-January 2026. Tecomatlán plant due diligence positive; Phase 1 engineering nears completion. Fully funded after closing placement; first assays mid-December. On track for antimony production mid-2026.
Minaurum Gold (TSXV:MGG) has upsized its previously announced private placement to up to C$20M, offering 55.56M units at C$0.36 (each: 1 share + ½ warrant @ C$0.50, 24 months), with an option for another C$5M. Proceeds fund Phase II drilling at the Alamos silver project and working capital. Closing ~Dec 11, 2025.
Gold Resource Corp (NYSE American: GORO) reports exceptional two-week production from the high-grade Three Sisters zone at Don David Gold Mine (Mexico): NSR values up to 129% above model, with mined tonnage 40% higher than planned. Company resumes advancement of Back Forty Project in Michigan, planning feasibility study and permitting.
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