Day: March 24, 2026

Torex Gold reported updated 2025 reserves and resources, highlighting continued growth at its Morelos Complex. Drilling added new reserves and extended mine life—particularly at ELG Underground—while Media Luna gains offset depletion. The acquisition of Los Reyes added significant resources, and with a planned $77M exploration budget, Torex aims to further expand production and long-term resource potential.

Pan American Silver released a revised PEA for the La Colorada Skarn project, outlining a phased development approach to reduce initial capital and accelerate returns. The study highlights the potential to become a large, long-life silver producer, integrating with existing operations to enhance economics, extend mine life, and position La Colorada as a future top-tier silver asset.

Sierra Madre Gold & Silver repaid US$2.5 million—half of its US$5 million loan from First Majestic—ahead of schedule, driven by strong cash flow from the La Guitarra mine amid higher metal prices. The company expects to repay the remaining balance soon while advancing a production expansion targeting a 50% increase in throughput by mid-2026.

Orogen Royalties reported record 2025 results with revenue up 32% to $13.1M and strong growth from its Ermitaño royalty and prospect generation business. Net income rose significantly, and the company ended the year debt-free with $25.8M in working capital, positioning it for continued royalty growth and strong performance in 2026.

Guanajuato Silver appointed veteran mining executive David Paxton to its board, adding over 40 years of underground mining and finance experience to strengthen operations. The company also filed a new NI 43-101 report for its Valenciana complex, granted stock options, and raised about $2M, supporting its strategy to grow as a mid-tier precious metals producer.

Orex Minerals highlighted Silver Viper’s high-grade drill results at La Virginia, including 11.7 m grading 9.18 g/t gold and 352 g/t silver, reinforcing the project’s strong potential. The results support Orex’s strategic equity stake in Silver Viper following the Coneto transaction and confirm confidence in the asset’s value and ongoing exploration upside.