
Advance Metals (ASX:AVM) – Expert Insights – February 2026

Santacruz Silver (TSXV:SCZ) – 2026 Set for More Gains as Large Treasury Builds

Silver ETF Volume Beats S&P 500: The ‘Abnormal’ Signal & What Comes Next

February 10 2026 – Minaurum Drills High-Grade Silver in 250 m Step-Out at Alamos Silver Project

Ross Beaty – 2026 Equinox Gold Outlook

Gold Resource Corporation Stock Analysis: 2 Advanced-Stage Projects Set to Double Output
Silverco Announces Closing of Its $62.5 Million “Bought Deal” Offering
Discovery Reports Strong Earnings Growth and Cash Generation in Q4 2025
Regency Silver Announces Private Placement of up to $4M
Orogen Royalties Announces Annual Equity Compensation Grant
Axo Copper Announces Filing of Final Short Form Prospectus

Canasil Applies for Drill Permit for the Vizcaino Gold-Silver Project in Durango State, Mexico
Canasil Resources has applied for a drill permit for its Vizcaino gold-silver project in Durango State, Mexico. The fully funded program aims to start in Q2 2026 with a 1,050 m Phase 1 drill test (6 holes) and a planned Phase 2 (1,450 m, 8 holes) to follow. The permit will allow step-outs for further drilling on the 3 km epithermal vein system.

Mithril Provides Exploration Updte Over Multiple Targets, Copalquin Silver-Gold Project, Mexico
Mithril Silver and Gold announced exploration updates at its Copalquin silver-gold project in Durango, Mexico. Maiden drilling at Target 5 confirmed a large 9.6 km² silver-rich zone with high-grade intercepts. Phase IV drilling advances at Target 1 to extend resources, while drilling starts at Target 3. Up to 25,000m drilling planned for 2026.
Tocvan Announces Restart Of Exploration Drilling At The Gran Pilar Project South Block
Tocvan Ventures Corp. announced the restart of exploration drilling at the South Block of its Gran Pilar Gold-Silver Project in Sonora, Mexico. Targeting new high-priority zones from drone magnetics and geochemistry (up to 21.2 g/t Au, >2,000 g/t Ag). Up to 10,000m RC drilling planned; two holes completed. Follows strong 2025 intercepts like 19.4 g/t Au over 3.1m. Pilot Mine condemnation drilling finished.
Minaurum Drills High-Grade Silver in 250 m Step-Out at Alamos Silver Project: 12.35 m of 408 g/t AgEq, including 3.20 m of 1,277 g/t AgEq
Minaurum Silver Inc. reported high-grade silver intercepts at its Alamos Project in Sonora, Mexico: 12.35 m of 408 g/t AgEq (including 3.20 m of 1,277 g/t AgEq) in the Europa Vein Zone, a 250 m step-out from the inferred resource. Mineralization remains open; Phase 2 drilling aims to expand resources.
Capitan Silver Intersects 1,833 g/t Silver Equivalent over 1.5 M Within a Broader Zone of 340 g/t Silver Equivalent over 21.3 M at the New High-Grade Silver Zone at Cruz De Plata
Capitan Silver Corp. announced high-grade drill results at Cruz de Plata, Durango, Mexico, including 1,833 g/t AgEq over 1.5 m within a broader 340 g/t AgEq over 21.3 m at the new high-grade silver zone, plus 1,254 g/t AgEq over 1.5 m within 157 g/t over 16.8 m along the Jesus Maria trend.
Pacifica Silver Makes New High-Grade Discovery at Claudia with 3.53 g/t Au and 460 g/t Ag over 2.10 m from Justina Vein
Pacifica Silver announced a new high-grade discovery at the Justina vein in its Claudia Silver-Gold Project, Durango, Mexico. Hole 25CLAU059D intersected 2.10m at 3.53 g/t Au and 460 g/t Ag, including 0.80m at 9.01 g/t Au and 1,175 g/t Ag. The vein extends 160m down-dip; step-out drilling planned.
Capitan Silver Announces Arrival of Second Drill Rig at the Cruz De Plata Project to Test Newly Discovered High-Grade Silver Zone
Capitan Silver Corp. announced the arrival of a second drill rig at its Cruz de Plata silver-gold project in Durango, Mexico. It will test a newly discovered high-grade silver zone near the Peñoles fault (e.g., 2,636 g/t Ag over 1.5m in prior holes). A 60,000m drill program is planned for 2026.
Southern Silver Intersects 5.8 metres averaging 781g/t AgEq at Cerro Las Minitas Project in Durango, México
Southern Silver reported high-grade intercepts at its Cerro Las Minitas project in Durango, Mexico, including 5.8m averaging 781g/t AgEq (173g/t Ag, 1.5% Cu, 1.8% Pb, 17.3% Zn) in hole 25CLM-210. Additional strong results extend mineralization over 360m depth.
Historic Core Sampling at Yoquivo Highlights Resource Upside
Advance Metals (ASX:AVM) announced historic core sampling at its Yoquivo silver-gold project in Chihuahua, Mexico, revealing resource upside. ~5,000m sampled, 3,516m assayed, with 519m >4g/t AgEq. Highlights: 0.9m at 766g/t AgEq (426g/t Ag, 4.4g/t Au); broad zones like 144m at 93g/t AgEq, suggesting bulk tonnage open-pit potential alongside high-grade underground, supporting upcoming JORC resource upgrade.
Mammoth Announces Gold Recoveries Of 87% From Bottle Roll Tests On Coarser-Fraction Material From The Large Carneritos Area On Its Tenoriba Gold-Silver Property, Mexico
Mammoth Resources Corp. announced 87% gold and 67% silver recoveries from bottle roll tests on coarser (-10 mesh) oxidized material from the Carneritos area at its Tenoriba gold-silver property in Chihuahua, Mexico. Results align with prior finer fraction tests (75-90% Au, ~65% Ag), supporting strong heap leach potential for near-surface mineralization.
GR Silver Reports Successful Metallurgical Test Work Results for the Bulk Sampling Test Mining Program at Plomosas Project
GR Silver Mining reported strong metallurgical results from Plomosas bulk sampling: feed ~585–595 g/t AgEq. Rougher flotation recovered 71.5% Ag and 77.9% Au into lead concentrate; cleaner tests improved Au recovery. Concentrates meet commercial specs. Supports pilot plant and offtake plans.
Algo Grande Discovers Three New Skarn Horizons, Reports 36.00 Metres Above 1.0% Copper, Including 14.79 Metres of 1.4% Copper and Identifies Evidence for Porphyry Potential at Depth
Algo Grande Copper Corp. discovered three new skarn horizons at the Adelita Project (Cerro Grande), Sonora, Mexico. Drill hole AG_GC_002 intersected 36.00m >1.0% Cu, including 14.79m @ 1.4% Cu (plus Au/Ag). Cumulative 41.59m mineralization reported. Evidence of deeper porphyry potential via intrusive phases and high molybdenum.
Heliostar Announces First Gold Pour from San Agustin Mine Restart
Heliostar Metals Ltd. announced the first gold pour from its restarted 100% owned San Agustin mine in Durango, Mexico, in late January 2026, completed on time and on budget after resuming operations in Q4 2025. The mine targets 30,000-32,700 oz gold in 2026 at ~$2,000 AISC, boosting output >60% yoy. A 10,000-15,000m drill program aims to extend mine life, with results expected mid-late Q1 2026.
Silverco Announces Closing of Its $62.5 Million “Bought Deal” Offering
Silverco Mining Ltd. closed its previously announced $62.5 M “bought deal” financing led by Velocity Capital Partners and co-lead underwriters, issuing 4 M shares and 1 M units at $12.50 each. Eric Sprott invested $10 M. Net proceeds will fund exploration, the Cusi restart, and working capital as the company pushes toward becoming a significant silver producer.
First Majestic Reports Q4 2025 and Full Year 2025 Financial Results; Announces Quarterly Dividend Payment
First Majestic reported record Q4 2025 production and revenue—4.2 M silver ounces and $464 M (+169% Y/Y)—plus strong earnings and cash flow. Full-year 2025 also set records across production, revenue and cash balances. The company declared a small quarterly dividend and noted a director’s resignation, with a conference call scheduled to discuss results and 2026 guidance.
Discovery Reports Strong Earnings Growth and Cash Generation in Q4 2025
Discovery Silver Corp. reported strong Q4 2025 results: adjusted earnings per share jumped 75%, gold production grew 6%, and operating cash costs improved. The company generated healthy cash flow, ended the year with $410.7 M in cash, and achieved exploration success across multiple targets. Solid 2026 production growth and investment guidance was also provided.
Pan American Silver Reports Record Fourth Quarter and Full Year 2025 Financial Results; Record Cash Flow From Operations of $554 Million in the Fourth Quarter; Dividend Increased by 29%
Pan American Silver reported record 2025 results, including $554 M cash flow from operations in Q4 and $1.33 B for the full year, with strong revenues, earnings and production. The board raised the dividend 29% to $0.18/share, returned $221 M to shareholders, and ended the year with robust liquidity to support growth projects and 2026 guidance.
Regency Silver Announces Private Placement of up to $4M
Regency Silver announced a non-brokered private placement to raise up to C$4 million by issuing 16 million units at C$0.25 each. Every unit includes one common share and half a warrant (exercise at C$0.35 for two years). Proceeds will fund exploration, property development, acquisitions, and working capital, with closing expected around Feb. 23, 2026, subject to TSXV approval.
Silver Viper Minerals Named a Top 50 Performer on the TSX Venture Exchange
Silver Viper Minerals Corp. was named one of the 2026 TSX Venture 50 top performers, joining the annual list of the 50 best-performing companies on the TSX Venture Exchange based on market cap growth, trading value, and share price gains in 2025. The recognition highlights strong investor interest and momentum in its Mexican gold-silver projects.
Santacruz Silver Ranks 1st on 2026 TSX Venture 50 List of Top Performing Companies
Santacruz Silver Mining Ltd. ranked #1 overall on the 2026 TSX Venture 50, led by 1103% share price growth and 1137% market cap increase in 2025. The annual list highlights the top-performing companies on the TSX Venture Exchange based on share appreciation, market cap growth and trading value.
Orogen Royalties Announces Annual Equity Compensation Grant
Orogen Royalties Inc. (TSXV:OGN) announced an annual equity grant: 618,000 stock options at $3.12 (5-year term, 3-year vesting); 132,000 RSUs (2-year vest); 29,000 DSUs (partial vesting over 3–4 years). Granted to directors, officers, employees, and consultants. Subject to TSXV approval.
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Canasil Applies for Drill Permit for the Vizcaino Gold-Silver Project in Durango State, Mexico
Canasil Resources has applied for a drill permit for its Vizcaino gold-silver project in Durango State, Mexico. The fully funded program aims to start in Q2 2026 with a 1,050 m Phase 1 drill test (6 holes) and a planned Phase 2 (1,450 m, 8 holes) to follow. The permit will allow step-outs for further drilling on the 3 km epithermal vein system.

Mithril Provides Exploration Updte Over Multiple Targets, Copalquin Silver-Gold Project, Mexico
Mithril Silver and Gold announced exploration updates at its Copalquin silver-gold project in Durango, Mexico. Maiden drilling at Target 5 confirmed a large 9.6 km² silver-rich zone with high-grade intercepts. Phase IV drilling advances at Target 1 to extend resources, while drilling starts at Target 3. Up to 25,000m drilling planned for 2026.

Tocvan Announces Restart Of Exploration Drilling At The Gran Pilar Project South Block
Tocvan Ventures Corp. announced the restart of exploration drilling at the South Block of its Gran Pilar Gold-Silver Project in Sonora, Mexico. Targeting new high-priority zones from drone magnetics and geochemistry (up to 21.2 g/t Au, >2,000 g/t Ag). Up to 10,000m RC drilling planned; two holes completed. Follows strong 2025 intercepts like 19.4 g/t Au over 3.1m. Pilot Mine condemnation drilling finished.

Minaurum Drills High-Grade Silver in 250 m Step-Out at Alamos Silver Project: 12.35 m of 408 g/t AgEq, including 3.20 m of 1,277 g/t AgEq
Minaurum Silver Inc. reported high-grade silver intercepts at its Alamos Project in Sonora, Mexico: 12.35 m of 408 g/t AgEq (including 3.20 m of 1,277 g/t AgEq) in the Europa Vein Zone, a 250 m step-out from the inferred resource. Mineralization remains open; Phase 2 drilling aims to expand resources.

Capitan Silver Intersects 1,833 g/t Silver Equivalent over 1.5 M Within a Broader Zone of 340 g/t Silver Equivalent over 21.3 M at the New High-Grade Silver Zone at Cruz De Plata
Capitan Silver Corp. announced high-grade drill results at Cruz de Plata, Durango, Mexico, including 1,833 g/t AgEq over 1.5 m within a broader 340 g/t AgEq over 21.3 m at the new high-grade silver zone, plus 1,254 g/t AgEq over 1.5 m within 157 g/t over 16.8 m along the Jesus Maria trend.

Pacifica Silver Makes New High-Grade Discovery at Claudia with 3.53 g/t Au and 460 g/t Ag over 2.10 m from Justina Vein
Pacifica Silver announced a new high-grade discovery at the Justina vein in its Claudia Silver-Gold Project, Durango, Mexico. Hole 25CLAU059D intersected 2.10m at 3.53 g/t Au and 460 g/t Ag, including 0.80m at 9.01 g/t Au and 1,175 g/t Ag. The vein extends 160m down-dip; step-out drilling planned.
Silverco Announces Closing of Its $62.5 Million “Bought Deal” Offering
Silverco Mining Ltd. closed its previously announced $62.5 M “bought deal” financing led by Velocity Capital Partners and co-lead underwriters, issuing 4 M shares and 1 M units at $12.50 each. Eric Sprott invested $10 M. Net proceeds will fund exploration, the Cusi restart, and working capital as the company pushes toward becoming a significant silver producer.
First Majestic Reports Q4 2025 and Full Year 2025 Financial Results; Announces Quarterly Dividend Payment
First Majestic reported record Q4 2025 production and revenue—4.2 M silver ounces and $464 M (+169% Y/Y)—plus strong earnings and cash flow. Full-year 2025 also set records across production, revenue and cash balances. The company declared a small quarterly dividend and noted a director’s resignation, with a conference call scheduled to discuss results and 2026 guidance.
Discovery Reports Strong Earnings Growth and Cash Generation in Q4 2025
Discovery Silver Corp. reported strong Q4 2025 results: adjusted earnings per share jumped 75%, gold production grew 6%, and operating cash costs improved. The company generated healthy cash flow, ended the year with $410.7 M in cash, and achieved exploration success across multiple targets. Solid 2026 production growth and investment guidance was also provided.
Pan American Silver Reports Record Fourth Quarter and Full Year 2025 Financial Results; Record Cash Flow From Operations of $554 Million in the Fourth Quarter; Dividend Increased by 29%
Pan American Silver reported record 2025 results, including $554 M cash flow from operations in Q4 and $1.33 B for the full year, with strong revenues, earnings and production. The board raised the dividend 29% to $0.18/share, returned $221 M to shareholders, and ended the year with robust liquidity to support growth projects and 2026 guidance.

Advance Metals (ASX:AVM) – Expert Insights – February 2026

Santacruz Silver (TSXV:SCZ) – 2026 Set for More Gains as Large Treasury Builds

Silver ETF Volume Beats S&P 500: The ‘Abnormal’ Signal & What Comes Next

February 10 2026 – Minaurum Drills High-Grade Silver in 250 m Step-Out at Alamos Silver Project

Ross Beaty – 2026 Equinox Gold Outlook

Gold Resource Corporation Stock Analysis: 2 Advanced-Stage Projects Set to Double Output
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