Month: May 2026

Vizsla Silver secured a MXN$173 million (US$10 million) government-backed working capital facility from FIFOMI for its Panuco Project in Sinaloa. The unsecured five-year loan, with a two-year principal grace period, strengthens the company’s liquidity and reflects Mexican government support as Panuco advances toward construction and production.

Minera Alamos Inc. reported record Q1 2026 results, including US$39.2M revenue, US$10.9M net earnings, and EBITDA of US$15.3M, driven by strong production at its Pan Mine in Nevada. The company ended the quarter with US$45.5M cash, plans to close a US$75M credit facility, advance Copperstone development, and rebrand as Mining Americas Inc.

Golden Minerals closed a public equity financing, issuing common shares and warrants to raise gross proceeds of approximately US$4.6 million. The company plans to use the funds for working capital, evaluation of strategic opportunities, and advancing its exploration assets. The financing strengthens Golden Minerals’ balance sheet as it continues reviewing alternatives following the suspension of mining operations.

Alamos Gold Inc. announced several senior management appointments to support its long-term growth strategy. James Clark was appointed VP, Canadian Operations, while Marcelo Martinez was promoted to VP, Mexico Operations. Scott Parsons was promoted to SVP, Exploration, and Adrian Paulse to VP, Information Technology. The changes strengthen leadership across Alamos’ expanding operations and development pipeline.

Sierra Madre Gold and Silver Ltd. received approval from Mexico’s antitrust agency, COFECE, for its acquisition of the Del Toro silver mine from First Majestic Silver Corp.. The fully permitted Zacatecas mine includes a 3,000 tpd plant and extensive underground infrastructure. Sierra Madre plans to restart Del Toro in 2027, targeting production by mid-2028.

Mexican courts ruled that Capstone Copper owes unpaid 2% NSR royalties on parts of the Cozamin mine to Minera Portree dating back to 2019. Claims could exceed US$50 million including arrears, interest, and future royalties. Capstone’s appeal (“amparo”) remains pending, with a final federal decision expected in coming months.

VVC Exploration said the Ontario Securities Commission rejected its request for a Management Cease Trade Order. Unless overdue filings are completed by June 1, 2026, trading may be suspended. Delays relate to valuation work tied to CYRB. The company also corrected earlier statements regarding CYRB management changes and continues evaluating financing alternatives.

Americas Gold and Silver Corp. announced an agreement with Sprott Mining Inc. to terminate its remaining silver delivery obligations under the Galena silver stream. The company will issue 7.96 million common shares to Sprott at US$5.57 per share, eliminating more than US$45 million in future obligations, improving cash flow flexibility, and strengthening the balance sheet while increasing Eric Sprott’s equity ownership.

GR Silver Mining provided a corporate update on its Plomosas Project in Sinaloa, Mexico. The company confirmed its 20,000-metre drill program at San Marcial is progressing, targeting resource growth and updated estimates in 2026. GR Silver also highlighted advancement toward bulk sample test mining and pilot plant activities while maintaining a strong treasury and debt-free position.

Silverco Mining Ltd. filed its NI 43-101 Technical Report supporting the Preliminary Economic Assessment for the Cusi Project in Chihuahua, Mexico. The PEA outlines a low-capital restart of the past-producing silver-lead-zinc-gold mine, supported by existing infrastructure, updated resources, and plans for renewed underground operations.