Day: May 14, 2026

More than 700 workers at the La Colorada mine in Zacatecas, operated by Pan American Silver, launched a labor stoppage over alleged underpayment of profit-sharing (PTU). Workers claimed the company offered MX$70 million instead of the MX$120 million they believed was legally owed. After negotiations, a final agreement totaling MX$135 million for unionized workers was reportedly reached.

Golden Minerals announced the sale of its Mexican subsidiary, Minera William S.A. de C.V., for US$1.2 million and a private placement financing of approximately US$856,000. The transaction is part of the company’s strategic repositioning away from Mexico toward exploration projects in Argentina and Nevada, while strengthening working capital and funding future exploration opportunities.

Americas Gold and Silver reported record Q1 2026 silver production of 787,000 ounces and record sales of 830,000 ounces, driven by strong performance at the Galena Complex and commercial production at EC120 in Cosalá, Mexico. Revenue increased 187% to US$67.8 million, while the company posted net income of US$10.0 million and ended the quarter with US$122.4 million in cash.

Guanajuato Silver accelerated repayment of its gold loan with Ocean Partners by repaying 1,580.4 ounces of gold — equal to one full year of payments — using cash on hand. The company’s loan obligations are now covered until May 2027. Since inception, 46% of the original loan balance has been repaid, reflecting improving cash flow and stronger operating performance.

Southern Silver Exploration announced a non-brokered LIFE private placement of up to 6.67 million common shares at C$0.60 per share for gross proceeds of up to C$4.0 million. Proceeds will fund drilling, resource updates, and engineering work at the Cerro Las Minitas silver-lead-zinc project in Durango, Mexico, along with working capital and general corporate purposes.

Vizsla Silver Corp. appointed former Mexican mining official Ángel Diego Gómez Olmos as Vice President of Government Relations. Based in Mexico City, he will oversee government and regulatory affairs, focusing on permitting for the Panuco silver-gold project in Sinaloa. Gómez Olmos previously led key Mexican mining agencies including FIFOMI and the Dirección General de Minas.

Discovery Silver reported strong Q1 2026 financial results, generating revenue of $285 million, net earnings of $81.7 million, and EBITDA of $177.9 million, supported by gold production from its Porcupine operations in Ontario. The company ended the quarter with $384.9 million in cash and announced plans to acquire Glencore’s Kidd operations to expand processing capacity and support future growth.