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Newlox Provides Update on Status of Financial Statements
Thenewswire· 2025-08-27 03:10
Group 1 - The Corporation, Newlox Gold Ventures Corp., is currently unable to file its audited financial statements for the fiscal year ended March 31, 2025, by the deadline of July 29, 2025, due to a management change and difficulties in obtaining necessary documents from Costa Rica for the audit [1][3] - A management cease trade order (MCTO) was issued by the British Columbia Securities Commission on July 30, 2025, prohibiting the Chief Executive Officer and Chief Financial Officer from trading in the Corporation's securities until the required filings are completed [2] - The Corporation has committed to providing bi-weekly default status reports in accordance with National Policy 12-203 while it remains in default of the filing requirements [5] Group 2 - Newlox Gold Ventures Corp. is focused on the recovery of gold and silver from artisanal and small-scale mining operations across Latin America, utilizing technology to recover precious metals and contribute to local economic development [6]
Nord Precious Metals Plans Fall Drill Program, Reports 29 New Veins in Comprehensive 3D Modeling Study After 75,000 Meters Drilled
Thenewswire· 2025-08-26 13:00
Core Insights - Nord Precious Metals Mining Inc. has identified high-grade silver, gold, and critical metals mineralization across an extensive vein network at the Castle East location on the Castle Silver Mine property, following a comprehensive review by Ronacher McKenzie Geoscience [1][2] Exploration and Technical Update - The company has established a high-grade mineralized zone within 2 kilometers of the last operating high-grade silver mine in the Cobalt area, identifying 29 veins through advanced modeling techniques [2][6] - The review included over 75,000 meters of drill data, which has significantly enhanced the understanding of the potential scale of the Castle East property [2][6] Future Plans - The company plans to commence drilling in the fall to further define and increase confidence in the structural modeling, aiming for an updated Resource Estimate [3] Key Highlights - Twenty-nine veins have been identified, with 21 modeled in Area A and 8 in Area B, confirming a localized stockwork system [6] - The model validates previously reported exceptional grades, positioning Castle East among the highest-grade silver discoveries globally [6][7] Company Overview - Nord Precious Metals operates the only permitted high-grade milling facility in the historic Cobalt Camp of Ontario, with a flagship property encompassing 63 square kilometers [7] - The Castle East discovery has delineated 7.56 million ounces of silver in Inferred resources, averaging 8,582 g/t Ag from two sections of the Robinson Zone [7] Strategic Positioning - The company's integrated processing strategy supports the recovery of high-grade silver and critical minerals, including cobalt and nickel, leveraging established infrastructure [8] - Nord maintains a strategic portfolio of battery metals properties, including a 35% ownership in Coniagas Battery Metals Inc. and the St. Denis-Sangster lithium project [9]
Starcore International Mines Ltd. Announces Private Placement
Newsfile· 2025-08-25 21:24
Group 1 - Starcore International Mines Ltd. has approved a non-brokered private placement for gross proceeds of up to $5,000,000, consisting of up to 20,000,000 units priced at $0.25 per unit [1] - Each unit includes one common share and one-half of a transferable common share purchase warrant, with the whole warrant exercisable for two years at a price of $0.35 per share, contingent on the share price reaching $0.50 for 10 consecutive trading days [1] - The proceeds will primarily be used for bulk sampling and the development of the Tortilla Project [2] Group 2 - The private placement is subject to acceptance by the Toronto Stock Exchange and required regulatory approvals, with a hold period of four months plus one day after the closing date for the issued securities [3] - The company may pay finders' fees to certain finders for their efforts related to the financing, and certain insiders may participate in this financing [2] Group 3 - Starcore International Mines is focused on precious metals production, particularly in Mexico, and has expanded its operations internationally, including a project in Côte d'Ivoire [4] - The company emphasizes Corporate Social Responsibility and aims to make value-driven decisions to enhance long-term shareholder value [4]
COFECE Approves Pan American Silver's Arrangement with MAG Silver
Globenewswire· 2025-08-25 10:45
Core Viewpoint - Pan American Silver Corp. has received all necessary regulatory approvals for the acquisition of MAG Silver Corp., with the transaction expected to be completed around September 4, 2025 [1][2][7]. Company Overview - Pan American Silver Corp. is a leading producer of silver and gold in the Americas, operating mines in multiple countries including Canada, Mexico, Peru, Brazil, Bolivia, Chile, and Argentina. The company has a strong reputation for sustainability and financial management [3]. - MAG Silver Corp. is a growth-oriented Canadian mining and exploration company focused on high-grade precious metals projects, including a significant joint venture in the Juanicipio Mine in Mexico [4]. Transaction Details - The acquisition involves a total consideration of $500 million in cash and additional shares of Pan American for MAG shareholders, with an election deadline for shareholders set for August 27, 2025 [2][6]. - Shareholders can choose to receive either $20.54 in cash for each MAG Share or a combination of cash and Pan American shares [6].
Capitan Silver Executes Definitive Agreement to Acquire Strategic Land Package in Durango, Mexico
Newsfile· 2025-08-22 11:00
Core Viewpoint - Capitan Silver Corp. has executed a definitive agreement to acquire a strategic land package adjacent to its Cruz de Plata silver project in Durango, Mexico, enhancing its land position and project potential [1][3]. Group 1: Acquisition Details - The acquisition involves seven mineral concessions totaling 2,171.4 hectares, which increases Capitan Silver's total land position in the district by approximately 85% [5]. - The transaction price is set at US$4.0 million, payable in two installments: US$2.0 million upon closing and US$2.0 million due by the second anniversary of the closing [3]. - There are no royalties or share payments associated with this transaction, and it will be submitted for final approval to the Public Registry of Mines [3]. Group 2: Project Expansion - The acquisition expands the surface expression of the silver-gold trend from 2.5 km to 3.7 km, adding an additional 1.2 km to the east [5]. - This consolidation of land allows for potential infrastructure development and optimization of the project design [5]. Group 3: Company Background - Capitan Silver Corp. is a Canadian exploration company focused on advancing its Cruz de Plata silver-gold project in Durango, Mexico, led by a management team with extensive experience in precious-metal operations in the region [8].
Sailfish Reports Q2 2025 Results
Newsfile· 2025-08-21 22:31
Core Viewpoint - Sailfish Royalty Corp. reported its operating and financial results for Q2 2025, showing a decline in revenues and net income compared to the same period in 2024, while gross profit increased significantly [1][2]. Financial Performance - Revenues for Q2 2025 were $713,178, down from $1,026,242 in Q2 2024, representing a decrease of approximately 30.5% [3][5]. - Gross profit increased to $687,330 in Q2 2025 from $565,681 in Q2 2024, marking an increase of about 21.5% [3][5]. - Net income for Q2 2025 was $185,318, a significant drop from $1,141,470 in Q2 2024, indicating a decrease of approximately 83.7% [3][5]. - Basic and diluted loss per share remained at $0.00 for Q2 2025, unchanged from Q2 2024 [3][5]. Revenue Breakdown - Royalty revenue for Q2 2025 was $626,603, compared to $167,844 in Q2 2024, showing a substantial increase [5]. - Gold ounces earned from stream interests were 8 for Q2 2025, down from 365 in Q2 2024 [5]. - Silver ounces earned from stream interests were 1,672 for Q2 2025, whereas there were none in Q2 2024 [5]. Dividend and Share Repurchase - The company paid a dividend of $0.0125 per common share subsequent to Q2 2025, resulting in a total payment of $309,959 and the issuance of 360,419 common shares under the dividend reinvestment plan [4][5]. - A total of 529,300 common shares were repurchased for cancellation in the first half of 2025, compared to 983,400 in the same period of 2024 [5]. Research Engagement - Sailfish has engaged Atrium Research Corporation to provide sponsored research services for twelve months, starting September 10, 2025, for a fee of $24,000 [6][10]. Company Overview - Sailfish Royalty Corp. operates in the precious metals royalty and streaming sector, with key assets including a gold stream on the San Albino gold mine in Nicaragua, a gold mine project in Nevada, and a silver project in Mexico [8][9].
Sierra Madre Announces Strong Q2 2025 Financial Results, Ramps up Coloso Mine at La Guitarra
Newsfile· 2025-08-21 21:14
Core Insights - Sierra Madre Gold and Silver Ltd. reported revenues of $5.4 million and a gross profit of $1.3 million for Q2 2025, marking growth compared to Q1 2025 despite production challenges due to seasonal rains [1][2] - The company successfully closed a C$19.5 million private placement to enhance operational capabilities and fund future projects [1][2] Financial Performance - Net revenues for Q2 2025 increased by 10.7% to $5.36 million, with silver revenues totaling $2.18 million and gold revenues totaling $3.59 million [3] - The company sold 173,562 silver equivalent ounces in Q2 2025, compared to 165,093 ounces in Q1 2025 [3] - Cost of sales was $4.07 million for Q2 2025, resulting in an all-in sustaining cost of $30.10 per AgEq ounce sold [3] Operational Highlights - The company milled 41,235 tonnes of material in Q2 2025, with silver recoveries averaging 76.62% and gold recoveries averaging 77.95% [7] - Production for Q2 2025 included 66,011 ounces of silver and 1,048 ounces of gold, down from 70,176 ounces of silver and 1,001 ounces of gold in Q1 2025 [7] - The Coloso mining center is expected to ramp up production as development work continues, with anticipated improvements in head grades [5][7] Future Outlook - The company expects improved head grades and increased production in the second half of 2025, driven by ongoing development and de-watering efforts [5] - Plans for a plant expansion are underway to increase processing capacity beyond the current 500 tonnes per day [2][5]
Asia Broadband Gold and Silver Production Upward Trend Continues In Second Quarter, As Its Ore Stockpile Processing Plant’s Second Phase Installation Advances Towards Completion
Globenewswire· 2025-08-21 12:00
Core Viewpoint - Asia Broadband Inc. has reported strong production and gross profit growth in Q2 2025, surpassing Q1 levels, driven by higher grade recoveries and increased throughput at its new processing plant [1][2]. Group 1: Production and Financial Performance - The company has exceeded production and gross profit levels in Q2 2025 compared to Q1 2025, with operational enhancements contributing to this growth [1]. - The new processing plant in Etzatlan, Mexico, is expected to significantly increase operating throughput and recovery levels as it ramps up daily processing [1][2]. - The estimated value of the gold and silver ore stockpile at the new plant is approximately $1 billion, which will be a primary focus for processing [2]. Group 2: Operational Strategies - The mining team has implemented elevated operational strategies and efficiencies, laying the groundwork for higher production levels following the new plant's initial operations [2]. - The company is focused on optimizing development capital utilization by concentrating operations in regions of Mexico where it has a comparative advantage [4]. Group 3: Future Outlook and Expansion - The company anticipates that the expansion of the new processing plant will lead to unprecedented production capacity and recovery levels [3]. - Asia Broadband is committed to expanding its mining assets and leveraging its geographic expertise and industry contacts to enhance precious metals production in Mexico [5]. Group 4: Digital Assets Segment - In addition to its mining operations, the company has a digital assets segment that includes a gold-backed cryptocurrency and NFT collections, aiming to establish a stable and trusted standard of exchange [5].
Tier One Silver Announces Termination of LIFE Offering
Newsfile· 2025-08-21 11:00
Core Viewpoint - Tier One Silver Inc. has announced that its proposed private placement equity financing will not proceed, and the company will return any advanced funds to participating subscribers and their brokers [1]. Group 1: Financing and Future Plans - The company is actively seeking alternative financing options and will make an announcement once arrangements are made [2]. - The private placement was offered under a listed issuer financing exemption (LIFE) and was initially filed on June 23, 2025 [1]. Group 2: Company Overview - Tier One Silver is an exploration company focused on discovering valuable silver, gold, and copper deposits in Peru, with a primary focus on its flagship project, Curibaya [3]. - The management and technical teams of the company have a strong track record in capital raising, discovery, and monetization of exploration success [3].
EMX Highlights an Updated MRE and Other Advancements at the Diablillos Silver-Gold Royalty Property in Argentina
Newsfile· 2025-08-20 11:30
Core Viewpoint - EMX Royalty Corporation highlights significant advancements at the Diablillos silver-gold royalty property in Argentina, including an updated mineral resource estimate (MRE) that shows substantial increases in silver and gold resources, alongside ongoing project enhancements and a favorable economic environment for development [1][5]. Mineral Resource Estimate (MRE) Summary - The updated Diablillos MRE reports total open pit constrained, oxide mineral resources of 199 million ounces of contained silver (+34%) and 1.72 million ounces of contained gold (+27%) in the measured and indicated categories [1][5]. - The MRE includes tank leach resources and contributions from a maiden heap leach MRE, with total oxide measured and indicated resources reported as 104 million tonnes averaging 59 g/t silver and 0.51 g/t gold [2][6]. - Significant increases in measured and indicated resources were observed across all five resource deposits, with the JAC deposit showing the largest tonnage and contained metal increases [3]. Project Development and Economics - AbraSilver is advancing project economics through ongoing drilling and engineering optimization, with expectations to receive Environmental Impact Assessment (EIA) approval in the latter half of 2025 and to deliver a definitive feasibility study (DFS) in Q1 2026 [1][5]. - The project is eligible for Argentina's Incentive Regime for Large Investments (RIGI), which offers lower tax rates and other benefits, requiring an investment decision by Q2 2027 to fully qualify [5]. Exploration and Future Potential - A Phase V 20,000 meter drill program is ongoing, scheduled for completion by early 2026, which includes exploration drilling at multiple targets [4]. - The updated Preliminary Feasibility Study (PFS) from December 2024 outlines a 14-year mine life with annual production of 7.6 million ounces of silver and 72,000 ounces of gold, yielding a net present value (NPV) of $747 million and an internal rate of return (IRR) of 28% [8].