Paddy Nicol, Orogen’s CEO, commented, “The initial Inferred resource at Navidad represents an exciting development for Orogen’s producing royalty on the Ermitaño Mine, with the announced update increasing contained gold in the Inferred category by 260% year on year.”
Chris Wright, Chairman and CEO of Defiance, commented: “This acquisition aligns with Defiance Silver’s core strategy of acquiring and advancing top tier mining projects. Our goal is to develop assets that will play a leading role in the future of gold, silver, and copper mining in Mexico. The Green Earth Metals team consists of seasoned mine financiers and global mineral explorers, and we are pleased to welcome them as shareholders.”
GoGold Resources Inc. is pleased to announce that has closed its previously announced bought deal offering of 47,391,500 common shares at a price of C$1.82 per Common Share, for aggregate gross proceeds of C$86,252,530, including proceeds from the full exercise of the over-allotment option to purchase an additional 6,181,500 Common Shares.
“With the option agreement signed and all necessary permits already in hand. We are fully prepared to move forward,” said David Coburn, CEO of Masivo Silver. “The drill targets are being carefully defined, being prioritized, and we are mobilizing immediately to begin drilling these high-grade silver zones. This is a significant milestone for the Cerro Colorado Project, and we are excited to start unlocking its full potential.”
Rohan Hazelton, CEO of DynaResource commented, “This metallurgical work is important data for the upcoming SK1300 Technical Report Pre-Feasibility Study that we plan to release in early Q2 2025. I am pleased to see such incredibly high gold recoveries from each of our major gold zones defined to date. Better than 95% gold recovery means our ore is easily processable and this supports our planned re-installation of the gravity gold circuit at San Jose de Gracia.”
Sierra Metals Inc. acknowledges the press release issued yesterday on behalf of Alpayana S.A.C. announcing an intention to update its previously announced unsolicited all-cash takeover bid to acquire all of the issued and outstanding common shares of Sierra.
Fortune Bay Corp. is pleased to announce that it intends to complete a non-brokered private placement for aggregate gross proceeds of up to $2,800,000. The Company intends to issue up to 8,750,000 units.
“The state executive and federal technical meetings continued to provide commitments of strong Mexican Government support for the Santo Tomás Project. Coordinated by Congressional Deputy Mario Zamora and his staff, these meetings have led to a responsive and supportive dialogue with Mexico’s senior economic and mine development officials and we are extremely grateful for the guidance and support. The pathway forward for the continued development of the Santo Tomas Project is now clear,” commented the Oroco Chairman, Craig Dalziel.
Golden Minerals Company announced today that has sold its wholly-owned Mexican subsidiary, Minera de Cordilleras, S. de R.L. de C.V. to a privately held Mexican company for consideration of US $600,000. The sale agreement was signed on April 1, 2025.
Endeavour Silver has upsized its bought-deal financing to raise approximately US$45 million to help fund its US$145 million acquisition of Minera Kolpa and the Huachocolpa Uno Mine in Peru. The financing will be led by BMO Capital Markets. The company has filed a technical report including historical estimates, which require further work to be classified as current resources.
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