GSilver continues determined consolidation of the Guanajuato Mining District. VANCOUVER, BC / ACCESS Newswire / November 24, 2025 / Guanajuato Silver Company Ltd. ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Core Insights - SSR Mining Inc. is experiencing a significant increase in its stock value, with shares up approximately 277.7% over the past year, indicating strong market performance and investor interest [3][9] - Hillsdale Investment Management Inc. has increased its stake in SSR Mining by acquiring 1,738,825 shares, valued at approximately $42.45 million, reflecting confidence in the company's future prospects [2][9] Company Overview - As of November 7, 2025, SSR Mining's stock price was $19.94, with a market capitalization of $4.04 billion, and revenue for the trailing twelve months (TTM) was $995.62 million, with a net income of $261.28 million [4] - The company operates a diversified portfolio of mining assets, primarily focused on gold production, with additional exposure to silver and base metals, across regions including Turkey, the United States, Canada, and Argentina [5][6] Operational Strengths - SSR Mining's operational model leverages established mining assets and expertise to enhance output and manage costs effectively, positioning the company favorably in a competitive global market [6][10] - The company benefits from a broad geographic reach and jurisdictional balance, which supports resilience and access to a diverse customer base [10] Investment Potential - The company's ability to translate its asset base into sustained free cash flow is critical, as it enters a phase where volume gains and cost discipline can significantly expand profit margins [11] - SSR Mining's operational leverage is highlighted by its capacity to generate cash flow through focused improvements, contrasting with larger mining firms that may face higher costs due to their scale [10]

Core Insights - SSR Mining Inc. operates a diversified portfolio of precious metal mines, primarily focusing on gold production while also engaging in silver and base metals extraction [1][2] - The company has seen a significant increase in its stock price, rising approximately 277.7% over the past year, indicating strong market performance and alpha generation compared to the S&P 500 [2] - Hillsdale Investment Management Inc. has increased its stake in SSR Mining by acquiring 1,738,825 additional shares, valued at approximately $42.45 million, reflecting confidence in the company's fundamentals [4][5] Company Operations - SSR Mining generates revenue through the extraction and sale of precious and base metals from wholly owned mining assets and joint ventures, with gold being the primary revenue driver [2][10] - The company's operations span across Turkey, the United States, Canada, and Argentina, providing geographic diversity and resilience in a competitive market [1][6] Financial Performance - The increase in Hillsdale's position in SSR Mining suggests that the company is entering a more attractive phase, with potential for further growth in free cash flow and margins [5][7] - SSR Mining's operational capabilities are highlighted by its ability to drive cash-flow gains through focused improvements across its assets, contrasting with larger mining companies that face higher operational challenges [6][7] Market Position - The company's broad portfolio and jurisdictional balance provide it with significant operating leverage, allowing for multiple pathways to create value as market conditions improve [6][7] - The current market rally may represent the beginning of a growth phase for SSR Mining, as it continues to execute on its operational strategies [7]

Core Insights - Sailfish Royalty Corp. reported strong financial results for Q3 2025, with significant increases in revenues and net income compared to the same period in 2024 [2][3][4]. Financial Performance - Revenues for Q3 2025 reached $879,473, up from $730,024 in Q3 2024, representing a 20.4% increase [3]. - Gross profit for Q3 2025 was $764,206, compared to $454,040 in Q3 2024, marking a 68.2% increase [3]. - The company achieved a net income of $1,724,494 in Q3 2025, a significant turnaround from a net loss of $137,648 in Q3 2024 [3][8]. - Basic loss per share improved to $0.02 in Q3 2025 from a loss of $0.00 in Q3 2024 [3]. Year-to-Date Performance - For the nine months ended September 30, 2025, total revenues were $2,179,871, slightly up from $2,114,221 in the same period of 2024 [3]. - Gross profit for the nine months was $2,014,024, compared to $1,267,809 in the previous year, reflecting a 58.6% increase [3]. - Net income for the nine months was $1,834,093, compared to $1,151,857 in the same period of 2024 [3][8]. Royalty and Stream Interests - Royalty revenue for Q3 2025 was $430,334, up from $211,942 in Q3 2024 [8]. - Gold ounces earned from stream interests were 25 for Q3 2025, down from 215 in Q3 2024, while silver ounces earned were 9,329, compared to none in Q3 2024 [8]. - The company entered into a binding term sheet with Mako Mining Corp. for a five-year gold stream and a 2% NSR royalty on the Mt. Hamilton Gold-Silver Project in Nevada [8]. Shareholder Returns - The company declared a dividend of $0.0125 per common share, resulting in a cash payment of $633,053 and the issuance of 310,034 common shares under the dividend reinvestment plan [6][8]. - A total of 631,100 common shares were repurchased for cancellation under the normal course issuer bid for the nine months ended September 30, 2025 [8].

Core Viewpoint - Excellon Resources Inc. reported its Q3 2025 financial results, highlighting progress in the restart of the Mallay silver-lead-zinc mine in Peru and securing funding for the project [1][4]. Financial Highlights - The company raised $12 million through a private placement to support the Mallay restart [4][7]. - As of September 30, 2025, Excellon had $24 million in cash and available liquidity, including an undrawn pre-export finance facility with Glencore [8][7]. Mallay Restart Progress - Phase One underground rehabilitation is complete, with over 2,800 meters of mine access rehabilitated, allowing for transition to definition drilling and restart planning [5][7]. - An updated NI 43-101 mineral resource estimate for Mallay is expected in Q4 2025, with ongoing definition drilling from the 4090 level [7][12]. - All necessary mining and environmental permits for the restart are in good standing, including recently received explosives permits for underground operations [7][12]. Exploration and Future Plans - A 40-hole drill program at the Isguiz vein system and a 6-hole program at the Shafra Zone are planned to commence in Q4 2025, aimed at extending mineralization and supporting future mine planning [7][12]. - The company plans a phased restart of mining from the 4090 level, targeting a ramp-up towards the historical capacity of 600 tonnes per day, subject to positive drilling results [12][19]. Corporate Updates - The annual and special meeting of shareholders was held on November 18, 2025, where all matters, including the Share Incentive Plan, were approved [10]. - The company granted 504,853 deferred share units to non-executive directors and 200,000 stock options to Capital Analytica as part of the Share Incentive Plan [11][12].

Core Insights - Silver's value has increased significantly in 2025, driven by industrial demand and investor interest as a safe-haven asset [1] - The December silver futures contract reached an all-time high of $51.590 per ounce amid ongoing supply deficits [1] - HSBC raised its silver price forecast to $35.14 per ounce, anticipating sustained safe-haven demand [2] Company Performance - Pan American Silver (PAAS) has seen its stock price rise by 88% year-to-date, contributing to a 16.7% increase in its quarterly dividend [2][4] - The company has a market capitalization of $16.19 billion and declared a cash dividend of $0.14 per share, payable on December 5 [4] - PAAS shares are currently trading at $38.12, with a 67% increase over the past 52 weeks [5] Financial Metrics - The Q3 2025 earnings report revealed record attributable revenue of $884.4 million and free cash flow of $251.7 million [7] - Cash and short-term investments reached $910.8 million, with an additional $85.8 million from a 44% stake in Juanicipio [7] - The company has a trailing P/E ratio of 24.73x, indicating a premium valuation compared to the sector median of 17.43x [6]

Core Points - Denarius Metals Corp. has successfully closed its non-brokered private placement offering under the Listed Issuer Financing Exemption, raising gross proceeds of CA$10,000,000 by issuing 20,000,000 Units [1] - The company also completed a concurrent private placement, raising an additional CA$2,625,000 by issuing 5,250,000 Units, bringing total gross proceeds from both offerings to CA$12,625,000 [1] - The total number of issued and outstanding common shares of the company now stands at 150,219,989 [1] Offering Details - Each Unit consists of one common share and one-half of one common share purchase warrant, with each whole warrant allowing the purchase of one common share at CA$0.70 until November 19, 2028 [2] - The net proceeds from the offerings will be utilized for exploration and development at the Zancudo Project in Colombia, as well as for working capital and general corporate purposes [3] Regulatory Compliance - The LIFE Offering was made available to purchasers in Canada, excluding Québec, under specific exemptions outlined in NI 45-106 [4] - The company paid finders' fees totaling CA$379,500 and issued 447,780 finder's warrants in connection with the offerings [5] Insider Acquisitions - Mr. Serafino Iacono, the Executive Chairman, acquired 1,850,000 Units for CA$925,000, increasing his ownership to approximately 16.44% of the company's outstanding shares [7] - Aris Mining Corporation acquired 4,000,000 Units for CA$2,000,000, resulting in a beneficial ownership of approximately 9.87% of the company's shares [10] - Aton Ventures Fund Ltd. now holds 13,088,610 common shares, representing approximately 8.71% of the company's issued shares [11] Company Overview - Denarius Metals is a Canadian junior company focused on the acquisition, exploration, development, and operation of precious metals and polymetallic mining projects in Colombia and Spain [16] - The company has commenced mining operations at its 100%-owned Zancudo Project, a high-grade gold-silver deposit located in Colombia [17] - In Spain, Denarius Metals has interests in three projects, including the Aguablanca Project, which has been recognized as a Strategic Project by the EU [18]

Core Viewpoint - Vizsla Silver Corp. plans to offer convertible senior unsecured notes totaling US$250 million, with an option for an additional US$50 million, to fund exploration and development of the Panuco Project and for general corporate purposes [1][2]. Group 1: Offering Details - The offering consists of convertible senior unsecured notes due January 15, 2031, with an interest rate payable semi-annually starting July 15, 2026 [3]. - The notes can be converted into common shares, cash, or a combination of both at the company's discretion, with specific conversion conditions prior to October 15, 2030 [3][4]. - The interest rate and initial conversion rate will be determined based on market conditions at the time of pricing [4]. Group 2: Use of Proceeds - Net proceeds from the offering will support the exploration and development of the Panuco Project, potential acquisitions, and general corporate purposes [2][7]. - A portion of the proceeds will be allocated to purchase capped call transactions to mitigate economic dilution upon conversion of the notes [5][7]. Group 3: Capped Call Transactions - The company plans to enter into cash-settled capped call transactions to cover the number of shares underlying the notes, which will help offset potential dilution [5][6]. - The capped call counterparties may engage in derivative transactions that could influence the market price of the shares or notes [6][8]. Group 4: Regulatory and Compliance - The offering is subject to necessary approvals from the Toronto Stock Exchange and NYSE American, with no assurance on the completion terms [9]. - The notes and shares will not be registered under the U.S. Securities Act and will only be offered to qualified institutional buyers [10].

Core Points - Ivanhoe Mines officially opened the Platreef platinum-palladium-nickel-rhodium-gold-copper mine on November 18, 2025, with President Cyril Ramaphosa in attendance, marking a significant milestone for the company and the mining industry in South Africa [1][4][8] - The first concentrate from the Phase 1 concentrator was produced during the opening ceremony, indicating the commencement of production at the mine [20][19] - The Masodi Wastewater Treatment Works, a public-private partnership, was also inaugurated to sustainably source water for the Platreef Mine, enhancing local sanitation and public health [27][28] Company Developments - The Platreef Mine is projected to be one of the largest and lowest-cost producers of platinum-group metals globally, with a life-of-mine total cash cost estimated at $599 per ounce for Phase 2, expected to decrease to $511 per ounce after Phase 3 expansion [34][35] - The mine's annualized production is expected to increase significantly, reaching over 460,000 ounces of platinum-group metals and substantial by-products of nickel and copper following the Phase 2 expansion [36] - The company is advancing negotiations for a $700 million senior project finance facility to support the Phase 2 expansion, with expectations for financing to be in place by Q1 2026 [32][31] Community Involvement - Approximately 150,000 historically disadvantaged local black people are equity owners in the mine, with 70% of the workforce sourced from local communities and nearly 30% being female [8][4] - The opening of the Platreef Mine is seen as a new chapter in mining practices in South Africa, emphasizing community involvement not only as workers but also as equity owners [9][8] Future Prospects - The Phase 2 expansion is targeted for completion in Q4 2027, aiming to increase production capacity to approximately 450,000 ounces of platinum-group metals [29] - The company anticipates that cash flow generated from the operations of Phases 1 and 2 will underpin financing for the future Phase 3 expansion [33][32] - Significant increases in platinum and palladium prices have boosted the project's value, with the net present value of the feasibility study projected to be 52% higher at current spot prices [38]