Day: April 8, 2026

Mexican Gold Mining and Alcon Silver agreed to merge via a share exchange, with Alcon shareholders owning ~61% of the combined company. The deal unites the Las Minas gold project and Princesa silver deposit, creating a diversified explorer. The company plans a name change to Platauro Metals, alongside financing, pending shareholder and regulatory approvals.

Vortex Metals closed the first tranche of a non-brokered private placement, raising $474,900 through the issuance of 9.5 million units at $0.05 each. The company also announced a warrant extension, providing additional time for investors to exercise, as it advances exploration and corporate activities.

A miner, Francisco Zapata Nájera, was rescued alive after nearly 14 days trapped in a flooded gold mine in Sinaloa caused by a tailings dam collapse on March 25. Of 25 miners, 21 escaped, two were rescued alive, one died, and one remains missing. The survivor was airlifted to Mazatlán for treatment.

American Ocean Minerals and Odyssey Marine Exploration announced a $1B all-stock merger to create a U.S.-controlled deep-sea critical minerals platform. The combined company will focus on extracting polymetallic nodules (nickel, cobalt, copper, manganese), backed by ~$225M financing, and is expected to list on Nasdaq as AOMC, with closing targeted for mid-2026.

Luca Mining reported record 2025 results, with revenue of $176.8M (+103%), Adjusted EBITDA of $46.0M (+226%), and $20.8M in free cash flow, exceeding guidance. Production increased across all metals, cash rose to $25.5M, and debt fell over 80%. Despite strong operations, a $21.1M net loss was driven by non-cash accounting items.

Endeavour Silver Corp. reported Q1 2026 production of 1.88Moz silver and 11,740 oz gold, totaling 3.3Moz silver equivalent, with output rising 56% and 41% year-over-year, respectively. Growth was driven by Terronera and Kolpa, despite minor operational disruptions, positioning the company for further production increases through 2026.