Minaurum Gold Inc. (TSXV: MGG) plans to double its Phase II resource-expansion drill program at the Alamos Silver Project in Sonora, Mexico, from 25,000m to 50,000m, targeting additional high-grade vein zones. The expansion follows strong drilling results and is contingent on closing ongoing financing. A maiden resource estimate is expected in early 2026.
Mercado Minerals granted 3,785,000 incentive stock options at $0.38/share (expiring 2030) to directors, officers, and consultants. Engaged Peak Investor Marketing for 12-month services ($12,000/month + 400,000 options) and CanaCom Group for digital marketing (C$100,000 + 25,000 options).
Mithril Silver and Gold Limited (TSXV:MSG) signed a 4-year option to acquire 100% of the 2,052-ha La Dura gold-silver property in Durango, Mexico, near its flagship Copalquin project, for US$4M. La Dura hosts historic mines and a 60 tpd mill. Initial LiDAR and magnetic surveys start this month.
Pan American Silver Corp. (NYSE: PAAS) acquired 18.75M units of Galleon Gold Corp. (TSXV: GGO) at C$0.60 each via private placement, gaining 18.75M shares and 9.375M warrants (exercisable at C$0.75 until Dec 2027). This boosts ownership to ~14.7% undiluted, ~29.7% partially diluted, atop a C$8M convertible debenture. Investment for long-term potential; early warning filed.
Capitan Silver (TSXV:CAPT) released an updated pit-constrained Inferred MRE for Capitan Hill oxide gold deposit in Durango, Mexico: 39.8 Mt @ 0.41 g/t Au (525 koz Au) + 4.24 Moz Ag, a 115% increase in contained gold vs historical estimate. Drilling and geophysics ongoing; Capitan Hill is only ~1% of the Cruz de Plata project area.
Endeavour Silver Corp. closed a US $350 million offering of 0.25% unsecured convertible senior notes due 2031, including full exercise of a US $50 million option. The initial conversion rate equals about US $12.455 per share. Proceeds will repay senior secured debt, fund its Pitarrilla project in Durango, Mexico, and support general corporate purposes.
Americas Gold and Silver closed an oversubscribed US$132.25M bought deal financing, issuing 33M shares at US$4.00 each. Proceeds will fund the acquisition of Crescent Silver Mine (Idaho) and related capex. CEO notes strong institutional support, early Galena hoist upgrade enabling a 21-day December pause, and a fully-funded, robust 2026 outlook.
Guanajuato Silver is optimizing operations ahead of Bolanitos acquisition (expected Jan 2026): temporarily closing Cata mill, rerouting Valenciana ore to El Cubo, aiming for higher plant utilization and lower costs. Court ruled subsidiary owes NucTech ~US$10.3M in equipment dispute; company will appeal, staying payment.
Fortune Bay Corp. (TSXV: FOR) announced the appointment of Patrick McGrath as Chief Financial Officer, effective immediately. Mr. McGrath, a CPA with over 25 years of resource-sector finance and leadership experience, succeeds Sarah Oliver, who served as CFO since 2016 and will assist with the transition.
Tocvan Ventures (CSE:TOC) reports high-grade surface silver up to 134 g/t Ag from initial sampling across historic workings in the North Block of its Pilar Gold-Silver Project, Mexico. Strong alteration and pathfinders highlight new epithermal targets. Over 1,300m drilled to date (results pending); road building advances for South Block trenching.
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