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.
Masivo Silver completed and extended its first drill hole at the Cerro Colorado project in Sonora, intersecting visible mineralization and confirming strong alteration and sulfide continuity. The results support the scale potential of the system as the company advances its Phase I drill program targeting multiple high-priority silver-gold zones.
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.
Tocvan Ventures has added a second drill rig at its Gran Pilar gold-silver project in Sonora, accelerating its fully funded 20,000-meter drill program. Multiple high-priority targets, particularly in the South Block, will now be tested in parallel following a recent discovery. The expanded program aims to rapidly grow the mineralized footprint and support a future resource estimate.
Advance Metals announced a maiden JORC (2012) mineral resource of 33Moz silver equivalent at its Yoquivo project in Chihuahua, confirming a large-scale silver-gold system. The resource totals 8.8Mt at 120 g/t AgEq, including 23Moz silver and 140koz gold, with broad, shallow mineralization supporting potential bulk mining and further expansion through ongoing drilling.
Mithril Silver & Gold reported that a company aircraft carrying CEO John Skeet and two employees was struck by ground gunfire during a flight in Chihuahua State, forcing an emergency landing. No injuries occurred, operations at Copalquin continue uninterrupted, and authorities believe the plane was mistakenly targeted in an isolated incident unrelated to the project.
Torex Gold appointed Jacques Perron to its Board of Directors effective May 1, 2026. Perron brings over 40 years of mining experience, including senior executive and board roles at major companies. His expertise is expected to support Torex’s growth strategy, including advancing Media Luna, optimizing the Morelos Complex, and progressing development projects.
A collapse occurred inside the Los Gatos mine in Satevó, Chihuahua, triggering a major emergency response. The incident happened in an area with no workers present, so no injuries were reported. Authorities activated safety protocols and inspections, while the company prepares a technical report to determine the cause.
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