Day: June 5, 2026

Sinda Ltd., a silver exploration and development company backed by The Electrum Group, has filed for a U.S. initial public offering and plans to list on the NYSE under the symbol SIND. The company controls five contiguous concessions in Guanajuato and intends to use the proceeds for exploration and underground development. Sinda reports resources of approximately 385 million silver-equivalent ounces and sees potential for substantial further growth.

Minera Frisco, part of Carlos Slim’s Grupo Carso, has restarted operations at two mining units in Mexico and plans to bring a new silver project into production. The company expects the moves to boost precious metals output and support growth following operational challenges in recent years. The restart reflects improving market conditions and Frisco’s strategy to strengthen its silver and gold production profile.

Colibri Resource Corporation announced the resignation of director Jamie Lavigne, P.Geo., effective immediately. The company thanked Lavigne for his years of service, technical expertise, and contributions as both a director and NI 43-101 Qualified Person. Colibri also appointed Mark Smethurst to its Board of Directors, bringing more than 25 years of mining exploration and development experience.

Silver Spruce Resources provided an update on its proposed acquisition of the Jackie gold-silver project in Sonora, Mexico. Completion remains subject to lifting a cease-trade order and obtaining regulatory approvals. The company is working to meet filing requirements and advance financing efforts needed to close the transaction and secure ownership of the exploration property.

Orla Mining has resumed operations at its Camino Rojo Mine in Zacatecas after an illegal worker blockade that began on June 1 was lifted. Discussions between management, employees, and the union are ongoing regarding bonus and profit-sharing payments. The company reaffirmed its 2026 production guidance of 110,000–120,000 ounces of gold, assuming no further disruptions.

A Mexican bankruptcy court has authorized the joint sale of steelmaker Altos Hornos de México (AHMSA) and its mining subsidiary Minera del Norte (Minosa) for a combined value of approximately US$1.33 billion. The revised sale structure keeps both companies together as a single productive unit rather than selling assets separately, with the goal of preserving operations, protecting jobs, and maximizing value for creditors. Worker claims will receive priority from the sale proceeds. Bids are expected within 60 days, with a new owner potentially selected by mid-August 2026.

Gold Resource Corporation (GORO) has scheduled a special shareholder meeting for July 2, 2026, to vote on its proposed merger with Goldgroup Mining. The all-share transaction would create a larger Mexican-focused precious metals producer. The Board unanimously recommends shareholders vote in favor of the merger, which management believes will enhance scale, operational flexibility, and long-term shareholder value.