Month: May 2026

Starcore International Mines Ltd. reported lower fourth-quarter production at the San Martin Mine in Querétaro due to mining difficulties and dilution in a high-grade Manto zone. The company has since accessed a new high-grade ore body and is expanding exploration with MobileMT and IP geophysical surveys covering much of its 13,000-hectare concession package.

Silver Tiger Metals awarded an Engineering, Procurement, and Construction Management (EPCM) contract for its El Tigre Project in Sonora, Mexico, marking another step toward development of the high-grade silver-gold project. The company highlighted the appointment as an important milestone in advancing detailed engineering, project planning, and preparation for potential mine construction.

Santacruz Silver Mining reported strong Q1 2026 results, with revenue rising 81% year-over-year to US$127.5 million, net income increasing 201% to US$28.5 million, and adjusted EBITDA up 55% to US$42.6 million. The company ended the quarter with US$64.9 million in cash and liquid securities, benefiting from higher silver prices and improved operating performance across its Bolivian and Mexican operations.

Regency Silver announced it will adopt semi-annual financial reporting under new Canadian Securities Administrators exemptions for eligible venture issuers, eliminating separate Q1 and Q3 filings beginning in 2026. The company also granted 2.6 million stock options to officers and consultants at C$0.125 per share, exercisable over five years.

DynaResource, Inc. reported Q1 2026 revenue of US$18.0 million, up 31% year-over-year, with net income rising to US$2.5 million and adjusted EBITDA marking a sixth consecutive positive quarter. Gold production at the San José de Gracia mine totaled 5,289 ounces. The company highlighted improved profitability, operational optimization, and ongoing efforts to strengthen liquidity and expand production capacity.

Golden Minerals Company reported a Q1 2026 net loss of US$0.6 million, an improvement from the US$1.2 million loss recorded a year earlier. The company reduced administrative costs, maintained zero debt, and ended the quarter with US$0.9 million in cash. Golden Minerals also continued its strategic transition away from Mexico toward exploration opportunities in Argentina and Nevada.

Goldgroup Mining Inc. announced board nominees for its proposed merger with Gold Resource Corporation, which would create a Mexico-focused precious metals producer. The companies also amended the merger agreement to allow flexibility in Goldgroup’s planned share consolidation ratio ahead of a proposed NYSE American listing. The combined company would own operations in Sonora and Oaxaca, Mexico.

Regency Silver appointed Alejandro Sucre to its Board of Directors. Sucre, founder of the Venezuela Oil, Gas and Mining Fund, brings experience in private equity, capital markets, and impact investing as the company advances the Dios Padre gold-copper-silver project in Sonora, Mexico. Regency also granted 2.5 million stock options to new directors.

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.