Category: Investor’s Corner

Torex Gold Reports Q1 2025 Results

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 Reports Unaudited First Quarter 2025 Results

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 Announces Positive Q1 2025 Financial Results

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 Reports First Quarter 2025 Results

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.

GoGold Releases Financial Results for Q2 2025 Including $17.6 Million Revenue at Parral

GoGold Resources Inc. reported $17.6 million in revenue for Q1 2025 from Parral, selling 555,511 silver equivalent ounces. The company generated $5.1 million in operating cash flow, increasing its cash balance by $2 million to $78.3 million. A recent financing boosted the cash position to ~$135 million, strengthening GoGold’s ability to advance its Los Ricos South project.

Capstone Copper Increases Revolving Credit Facility and Extends Maturity to May 2029

Capstone Copper Corp. amended its revolving credit facility, increasing it from $700M to $1B with a $200M accordion, extending maturity to May 2029. The facility bears interest at adjusted term SOFR plus 1.75%-2.75%. Capstone plans to repay its 70% share of the Mantoverde Project debt using $600M from 6.750% senior unsecured notes due 2033, simplifying its debt structure.

Sandstorm Gold Royalties Reports Record Operating Results in First Quarter 2025

Sandstorm Gold Ltd. reported strong Q1 2025 financial results, with record revenue of $50.1 million (up from $42.8 million in Q1 2024) and 18,492 attributable gold equivalent ounces sold. Cash flows from operations were $40.8 million, with record cash operating margins of $2,509/oz. Net income was $11.3 million, compared to a $3.9 million loss in Q1 2024. The company repurchased 3.1 million shares for $19.1 million and reduced net debt by $15 million, with $328 million outstanding. Key projects like Hod Maden and MARA advanced, and Sandstorm forecasts 65,000–80,000 gold equivalent ounces in 2025, targeting 150,000 by 2030. The stock price for SAND is currently $6.045 USD.

Shareholders Approve all Resolutions on the Agenda of Ternium’s Annual General Meeting and Extraordinary General Meeting

Ternium S.A.’s shareholders approved 2024 financial statements, a $0.27 per share dividend ($0.18 net payable May 14, 2025), and re-elected seven directors while appointing Alicia Lucía Móndolo as a new director. The board structure and audit committee were confirmed, with PricewaterhouseCoopers re-appointed as auditors. The extraordinary meeting renewed the authorized share capital and amended the articles of association.

Silver Storm Announces Acquisition of Till Capital

Silver Storm Mining Ltd. will acquire Till Capital Corp. via a Plan of Arrangement, gaining C$6.2M in liquidity and Till’s mineral investments, including a 51.8% stake in Silver Predator Corp. Till shareholders receive 15.874 Silver Storm units per share, comprising shares, warrants, and CVRs. The transaction, supported by both boards and 41.8% of Till shareholders, is expected to close in July 2025.

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