Oroco Deepens its ESG Commitments to the Santo Tomás Region
This joint effort is intended to strengthen environmental conservation and community development in the municipality of Choix, Sinaloa, where Oroco's Santo Tomás Project is located. Oroco and Sembrando Vida will work together to restore degraded land, promote sustainable agriculture, and contribute to regional ecological regeneration.
Sembrando Vida is a federally funded program that supports smallholder farmers through agroforestry systems, reforestation, and rural development. With a focus on restoring ecosystems and reducing rural poverty, the program has helped thousands of communities across Mexico establish sustainable livelihoods while improving soil and forest health.
'This partnership reflects our long-term commitment to sustainable development and environmental integrity within our local communities,' said Craig Dalziel, Chairman of Oroco. 'We're proud to support a program that not only aligns with our ESG values but also strengthens our ties with the communities that surround Santo Tomás, as well as providing further evidence of our confidence in the future of the Santo Tomás Project. Together with Sembrando Vida, we can build an approach to local development that is as regenerative as it is responsible.'
Through this collaboration, Oroco will provide material, logistical, and advisory support for local initiatives, including native tree planting, land recovery, and training for program participants. The agreement underscores growing alignment between public-sector environmental priorities and Oroco's operational philosophy.
In addition to our existing community engagement efforts, this initiative reflects Oroco's broader ESG strategy as the Company undertakes its next phase of technical studies at Santo Tomás.
For more information, visit: www.orocoresourcecorp.com
Contact:
Craig Dalziel, Executive Chairman
info@orocoresourcecorp.com
604-688-6200
ABOUT SEMBRANDO VIDA (Sowing Life)
Sembrando Vida is a federal program of the Government of Mexico aimed at ecological restoration and rural development. Operated by the Ministry of Welfare, the program promotes agroforestry systems and sustainable farming to regenerate degraded lands, reduce poverty, and foster self-sufficiency among small-scale producers. More than 450,000 participants across the country are replanting forests and cultivating productive plots under this initiative.
ABOUT OROCO
The Company holds a net 85.5% interest in those central concessions that comprise 1,173 hectares 'the Core Concessions' of The Santo Tomaá Project, located in northwestern Mexico. The Company also holds an 80% interest in an additional 7,861 hectares of mineral concessions surrounding and adjacent to the Core Concessions (for a total Project area of 9,034 hectares, or 22,324 acres). The Project is situated within the Santo Tomás District, which extends up to the Jinchuan Group's Bahuerachi Project, approximately 14 km to the northeast. The Project hosts significant copper porphyry mineralization initially defined by prior exploration spanning the period from 1968 to 1994. During that time, the Project area was tested by over 100 diamond and reverse circulation drill holes, totaling approximately 30,000 meters. Commencing in 2021, Oroco conducted a drill program (Phase 1) at Santo Tomás, with a resulting total of 48,481 meters drilled in 76 diamond drill holes.
The drilling and subsequent resource estimates and engineering studies led to a revised MRE and an updated PEA being published and filed in August of 2024, which studies are available at the Company's website www.orocoresourcecorp.com and by reviewing the Company profile on SEDAR+ at www.sedarplus.ca.
The Santo Tomás Project is located within 170 km of the Pacific deep-water port at Topolobampo and is serviced via highway and proximal rail (and parallel corridors of trunk grid power lines and natural gas) through the city of Los Mochis to the northern city of Choix. The property is reached, in part, by a 32 km access road originally built to service Goldcorp's El Sauzal Mine in Chihuahua State.
Additional information about Oroco can be found on its website and by reviewing its profile on SEDAR+ at www.sedarplus.ca.
For more information, please contact:
Craig Dalziel, Executive Chairman
Oroco Resource Corp.
Tel: 604-688-6200
Email: info@orocoresourcecorp.com
www.orocoresourcecorp.com
Neither TSXV nor its Regulation Services Provider (as that term is defined in policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Information
This news release includes certain 'forward-looking information' and 'forward-looking statements' (collectively 'forward-looking statements') within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact included herein, including, without limitation, statements relating to future events or achievements of the Company, and the use of funds from the Offering, are forward-looking statements. There is no assurance that the proceeds of the Offering will be expended as contemplated. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these matters. Oroco does not assume any obligation to update the forward-looking statements should they change, except as required by law.
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National Post
15 minutes ago
- National Post
Pan American Silver Reports Unaudited Second Quarter 2025 Results
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Article content ESCOBAL MINE UPDATE Article content At Escobal, the Xinka Parliament ('XP'), as the representative of the Xinka Indigenous People, issued a statement and held a press conference in May 2025 with respect to the ILO 169 Consultation Process. In July 2025, the MEM delivered a response to the XP, describing the government proposals for overseeing the mining activities and the Company's proposals to address concerns raised during consultation meetings, as well as clarifying the potential impacts from the Escobal mine's activities. These documents can be reviewed on the MEM website at: The MEM has indicated that they will continue to hold working meetings and maintain dialogue with the XP in order to comply with the Constitutional Court ruling for the ILO 169 Consultation. There is no detailed timeline of activities nor a date for completion of the consultation process. Article content MAG SILVER CORP. TRANSACTION Article content On May 11, 2025, the Company and MAG Silver Corp. ('MAG') entered into a definitive agreement (the 'Arrangement Agreement') whereby the Company expects to acquire all of the issued and outstanding common shares of MAG pursuant to a plan of arrangement under the Business Corporations Act (British Columbia) (the 'Transaction'). Under the terms of the Arrangement Agreement, MAG shareholders will be able to elect to receive the consideration as either (i) $20.54 in cash per MAG share or (ii) 0.755 common shares of Pan American per MAG share, or a combination of cash and shares, subject to proration such that the aggregate consideration paid to all MAG shareholders consists of $500.0 million in cash and the remaining consideration paid in Pan American common shares. On July 10, 2025, MAG's shareholders approved the Transaction at its special shareholders meeting. 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Article content Three months ended June 30, 2025 Three months ended June 30, 2024 Weighted average shares during period 362,011 362,954 Shares outstanding end of period 361,776 362,970 Three months ended June 30, 2025 2024 FINANCIAL Revenue $ 811.9 $ 686.3 Cost of Sales (1) $ 538.6 $ 569.4 Mine operating earnings $ 273.3 $ 116.9 Net earnings (loss) $ 189.6 $ (21.4 ) Basic earnings (loss) per share (2) $ 0.52 $ (0.06 ) Adjusted earnings (3) $ 155.4 $ 40.0 Basic adjusted earnings per share (2)(3) $ 0.43 $ 0.11 Net cash generated from operating activities $ 293.4 $ 162.7 Net cash generated from operating activities before changes in working capital (3) $ 287.9 $ 196.9 Sustaining capital expenditures (3) $ 60.4 $ 60.6 Project capital expenditures (3)(4) $ 13.3 $ 28.8 Cash dividend paid per share $ 0.10 $ 0.10 PRODUCTION Silver (thousand ounces) 5,094 4,567 Gold (thousand ounces) 178.7 220.4 Zinc (thousand tonnes) 12.6 10.1 Lead (thousand tonnes) 6.0 4.9 Copper (thousand tonnes) 0.7 1.2 AISC (3) ($/ounce) Silver Segment 19.69 18.12 Gold Segment 1,611 1,465 AVERAGE REALIZED PRICES (5) Silver ($/ounce) 32.91 28.14 Gold ($/ounce) 3,305 2,336 Zinc ($/tonne) 2,597 2,901 Lead ($/tonne) 1,954 2,171 Copper ($/tonne) 9,401 10,515 Article content (1) Cost of Sales includes production costs, depreciation and amortization and royalties. 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Article content 2025 OPERATING OUTLOOK Article content The Company reaffirms its 2025 Operating Outlook for annual production, AISC, and capital expenditures, as summarized in the table below. Article content Management now expects gold production to be more heavily weighted to the fourth quarter of 2025 than originally indicated in its 2025 Quarterly Operating Outlook, as some production from the third quarter is expected to be deferred. Article content Please see Pan American's MD&A dated February 19, 2025, for further detail on the Company's 2025 Operating Outlook. Please also refer to the Cautionary Note Regarding Forward-Looking Statements and Information at the end of this news release. Article content 2025 Annual Guidance Silver Production (million ounces) 20.00 – 21.00 Gold Production (thousand ounces) 735 – 800 Silver Segment AISC (1) ($ per ounce) 16.25 – 18.25 Gold Segment AISC (1) ($ per ounce) 1,525 – 1,625 Sustaining Capital Expenditures ($ millions) 270.0 – 285.0 Project Capital Expenditures ($ millions) 90.0 – 100.0 Article content (1) AISC is a non-GAAP measure. Please refer to the 'Alternative Performance (Non-GAAP) Measures' section of this news release for further information on these measures. The AISC forecast assumes average metal prices of $30.00/oz for silver, $2,650/oz for gold, $3,000/tonne ($1.36/lb) for zinc, $2,000/tonne ($0.91/lb) for lead, and $9,500/tonne ($4.31/lb) for copper; and average annual exchange rates relative to 1 USD of 20.00 for the Mexican peso ('MXN'), 3.75 for the Peruvian sol ('PEN'), 1,177.00 for the Argentine peso ('ARS'), 7.00 for the Bolivian boliviano ('BOB'), 1.38 for the Canadian dollar ('CAD'), 950.00 for the Chilean peso ('CLP') and 5.75 for the Brazilian real ('BRL'). Article content AISC, adjusted earnings, basic adjusted earnings per share, sustaining and project capital, free cash flow, working capital, and total debt are non-GAAP financial measures. Please refer to the 'Alternative Performance (non-GAAP) Measures' section of this news release for further information on these measures. Article content This news release should be read in conjunction with Pan American's Unaudited Condensed Interim Consolidated Financial Statements and our MD&A for the three and six months ended June 30, 2025. This material is available on Pan American's website at on SEDAR+ at and on EDGAR at Article content About Pan American Article content Pan American is a leading producer of silver and gold in the Americas, operating mines in Canada, Mexico, Peru, Brazil, Bolivia, Chile and Argentina. We also own the Escobal mine in Guatemala that is currently not operating, and we hold interests in exploration and development projects. We have been operating in the Americas for over three decades, earning an industry-leading reputation for sustainability performance, operational excellence and prudent financial management. We are headquartered in Vancouver, B.C. and our shares trade on the New York Stock Exchange and the Toronto Stock Exchange under the symbol 'PAAS'. Article content Learn more at Follow us on LinkedIn Alternative Performance (Non-GAAP) Measures In this news release, we refer to measures that are non-GAAP financial measures. These measures are widely used in the mining industry as a benchmark for performance, but do not have a standardized meaning as prescribed by IFRS as an indicator of performance, and may differ from methods used by other companies with similar descriptions. These non-GAAP financial measures include: Article content Adjusted earnings and basic adjusted earnings per share. Pan American believes that these measures better reflect normalized earnings as they eliminate items that in management's judgment are subject to volatility as a result of factors, which are unrelated to operations in the period, and/or relate to items that will settle in future periods. All-in Sustaining Costs ('AISC') per silver or gold ounce sold, net of by-product credits. Pan American believes that AISC, calculated net of by-products, is a comprehensive measure of the full cost of operating our consolidated business, given it includes the cost of replacing silver and gold ounces through exploration, the cost of ongoing capital investments at current operations ('sustaining capital'), as well as other items that affect the Company's consolidated cash flow. AISC excludes capital investments that are expected to increase production levels or mine life beyond those contemplated in the base case life of mine plan ('project capital'). Total debt is calculated as the total current and non-current portions of: debt, including senior notes and amounts drawn on the Credit Facility, and lease obligations. Total debt does not have any standardized meaning prescribed by GAAP and is therefore unlikely to be comparable to similar measures presented by other companies. Pan American and certain investors use this information to evaluate the financial debt leverage of Pan American. Working capital is calculated as current assets less current liabilities. Working capital does not have any standardized meaning prescribed by GAAP and is therefore unlikely to be comparable to similar measures presented by other companies. Pan American and certain investors use this information to evaluate whether Pan American is able to meet its current obligations using its current assets. Total available liquidity is calculated as cash and cash equivalents plus short-term investments, plus undrawn amounts under the Credit Facility. Total available liquidity does not have any standardized meaning prescribed by GAAP and is therefore unlikely to be comparable to similar measures presented by other companies. Pan American and certain investors use this information to evaluate the liquid financial resources available to the Company. Project capital relates to expenditures at the La Colorada mine, the La Colorada Skarn, and the Huaron, Timmins and Jacobina mines. Project capital does not have any standardized meaning prescribed by GAAP and is therefore unlikely to be comparable to similar measures presented by other companies. Pan American and certain investors use this information to evaluate capital investments that are directed at increasing production levels or mine life beyond those contemplated in the base case life of mine plan. Free cash flow is calculated as net cash generated from operating activities less sustaining capital expenditures. Free cash flow does not have any standardized meaning prescribed by GAAP and is therefore unlikely to be comparable to similar measures presented by other companies. Pan American and certain investors use this information to evaluate the profitability of Pan American and identify capital that may be available for investment or return to shareholders. Article content Readers should refer to the 'Alternative Performance (non-GAAP) Measures' section of Pan American's Q2 2025 MD&A for a more detailed discussion of these and other non-GAAP measures and their calculation. Article content Cautionary Note Regarding Forward-Looking Statements and Information Article content Certain of the statements and information in this news release constitute 'forward-looking statements' within the meaning of the United States Private Securities Litigation Reform Act of 1995 and 'forward-looking information' within the meaning of applicable Canadian provincial securities laws. All statements, other than statements of historical fact, are forward-looking statements or information. Forward-looking statements or information in this news release relate to, among other things: future financial or operational performance, including our estimated production of silver, gold and other metals forecasted for 2025, our estimated AISC, and our sustaining and project capital expenditures in 2025; any anticipated benefits resulting from project capital expenditures; the anticipated dividend payment date of August 29, 2025; the anticipated closing of the Transaction with MAG and any anticipated benefits therefrom, including a meaningful increase in Pan American's exposure to high margin silver ounces, and future growth opportunities; the development of the La Colorada Skarn, or the consultation process for Escobal, and any anticipated benefits to shareholder value or financial or operational performance that may be derived therefrom; expectations regarding the ILO 169 consultation process with respect to Escobal; and Pan American's plans and expectations for its properties and operations. Article content These forward-looking statements and information reflect Pan American's current views with respect to future events and are necessarily based upon a number of assumptions that, while considered reasonable by Pan American, are inherently subject to significant operational, business, economic and regulatory uncertainties and contingencies. These assumptions include: the impact of inflation and disruptions to the global, regional and local supply chains; tonnage of ore to be mined and processed; future anticipated prices for gold, silver and other metals and assumed foreign exchange rates; the timing and impact of planned capital expenditure projects, including anticipated sustaining, project, and exploration expenditures; the ongoing impact and timing of the court-mandated ILO 169 consultation process in Guatemala; ore grades and recoveries; capital, decommissioning and reclamation estimates; our mineral reserve and mineral resource estimates and the assumptions upon which they are based; prices for energy inputs, labour, materials, supplies and services (including transportation); no labour-related disruptions at any of our operations; no unplanned delays or interruptions in scheduled production; all necessary permits, licenses and regulatory approvals for our operations are received in a timely manner; our ability to secure and maintain title and ownership to mineral properties and the surface rights necessary for our operations; whether Pan American is able to maintain a strong financial condition and have sufficient capital, or have access to capital through our corporate Credit Facility or otherwise, to sustain our business and operations; and our ability to comply with environmental, health and safety laws. The foregoing list of assumptions is not exhaustive. Article content Pan American cautions the reader that forward-looking statements and information involve known and unknown risks, uncertainties and other factors that may cause actual results and developments to differ materially from those expressed or implied by such forward-looking statements or information contained in this news release and Pan American has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: the duration and effect of local and world-wide inflationary pressures and the potential for economic recessions; fluctuations in silver, gold and base metal prices; fluctuations in prices for energy inputs, labour, materials, supplies and services (including transportation); fluctuations in currency markets (such as the PEN, MXN, ARS, BOB, GTQ, CAD, CLP and BRL versus the USD); operational risks and hazards inherent with the business of mining (including environmental accidents and hazards, industrial accidents, equipment breakdown, unusual or unexpected geological or structural formations, cave-ins, flooding and severe weather); risks relating to the credit worthiness or financial condition of suppliers, refiners and other parties with whom Pan American does business; inadequate insurance, or inability to obtain insurance, to cover these risks and hazards; employee relations; relationships with, and claims by, local communities and indigenous populations; our ability to obtain all necessary permits, licenses and regulatory approvals in a timely manner; changes in laws, regulations and government practices in the jurisdictions where we operate, including environmental, export and import laws and regulations; changes in national and local government, legislation, taxation, controls or regulations and political, legal or economic developments in Canada, the United States, Mexico, Peru, Argentina, Bolivia, Guatemala, Chile, Brazil or other countries where Pan American may carry on business, including legal restrictions relating to mining, risks relating to expropriation and risks relating to the constitutional court-mandated ILO 169 consultation process in Guatemala; unanticipated or excessive tax assessments or reassessments in our operating jurisdictions; diminishing quantities or grades of mineral reserves as properties are mined; increased competition in the mining industry for equipment and qualified personnel; and those factors identified under the caption 'Risks Related to Pan American's Business' in Pan American's most recent form 40-F and Annual Information Form filed with the United States Securities and Exchange Commission and Canadian provincial securities regulatory authorities, respectively. Article content Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, described or intended. Investors are cautioned against attributing undue certainty or reliance on forward-looking statements or information. Forward-looking statements and information are designed to help readers understand management's current views of our near- and longer-term prospects and may not be appropriate for other purposes. The Company does not intend, nor does it assume any obligation, to update or revise forward-looking statements or information to reflect changes in assumptions or in circumstances or any other events affecting such statements or information, other than as required by applicable law. Article content Article content Article content Article content Contacts
CTV News
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Toronto Sun
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