Month: May 2026

Empress Royalty Corp. reported strong Q1 2026 results, with revenue rising to US$9.06 million and gross profit reaching US$6.75 million, compared to US$2.70 million and US$1.80 million respectively in Q1 2025. The company attributed the growth to increased production and stronger contributions from its royalty and streaming portfolio.

Sonoro Gold announced a change of auditor, with Smythe LLP resigning effective May 21, 2026, and Davidson & Company LLP being appointed as successor auditor on May 23, 2026. The company reported no modified audit opinions or reportable events related to the change, which was approved by the audit committee and board of directors.

Guanajuato Silver Company Ltd. reported record Q1 2026 financial results, with revenue rising 89% quarter-over-quarter to US$43.1 million and net income reaching US$5.7 million. EBITDA totaled US$13.1 million, supported by higher silver and gold prices and the acquisition of the Bolanitos Mine. Cash and short-term investments ended the quarter at US$30.5 million.

Torex Gold released its 2025 Responsible Gold Mining Report, highlighting strong ESG performance at its Mexican operations. Key achievements included zero reportable environmental incidents, 83% water recycling, a 68% reduction in Scope 1 greenhouse gas emissions, 95% of procurement spending in Mexico, and US$3.9 million invested in community development projects across 12 host communities.

Luca Mining reported strong Q1 2026 results, with revenue rising 40% to US$57.6 million, net earnings increasing to US$12.6 million, and adjusted EBITDA reaching US$25.4 million. Cash grew 43% to US$36.4 million, supported by strong operating cash flow. The company continued investing in mine development, infrastructure, and exploration at its Campo Morado and Tahuehueto operations in Mexico.

Minera Alamos Inc. closed a US$75 million revolving credit facility with Scotiabank and National Bank, using an initial US$45 million drawdown to refinance higher-cost debt and remove gold delivery obligations with Auramet. The financing strengthens liquidity, extends debt maturity to 2029, and supports development of the Copperstone, Gold Rock, and Cerro de Oro projects without equity dilution.

Americas Gold & Silver reached an agreement with an affiliate of Royal Gold to settle its remaining fixed gold delivery obligation at the Cosalá Operations in Mexico. The company will make a cash payment of approximately US$10.6 million, eliminating future gold deliveries under the agreement. Management said the settlement simplifies the capital structure and increases exposure to future gold production.