Month: June 2026

Kootenay Silver’s Preliminary Economic Assessment for the La Cigarra Silver Project in Chihuahua outlines a robust open-pit operation with an after-tax NPV (5%) of US$763 million, 41% IRR, and a 1.7-year payback period at a silver price of US$35/oz. The study estimates average annual production of 7.6 million silver-equivalent ounces over a 15-year mine life, highlighting La Cigarra’s potential to become a significant primary silver producer in Mexico.

Southern Silver closed the first tranche of its previously announced LIFE private placement, issuing 4.0 million common shares at C$0.55 per share for gross proceeds of approximately C$2.2 million. The financing is part of a larger offering of up to C$4.0 million, with proceeds intended to support exploration and development activities, including advancement of the company’s Cerro Las Minitas Project in Durango, Mexico.

Mexican Gold announced a non-brokered subscription receipt financing of up to C$1.125 million and a C$500,000 interim loan to Alcon Silver in connection with its proposed acquisition of Alcon. The financing and loan are intended to support transaction costs, working capital, and advancement of the combined company’s precious metals exploration assets in Mexico and Peru.

Goldgroup Mining completed the acquisition of 100% of Molimentales del Noroeste, owner of the past-producing San Francisco Gold Mine in Sonora, Mexico. The transaction adds a fully permitted gold project containing 1.226 million ounces of measured and indicated resources, with plans to restart operations in late 2026 or early 2027.

Kootenay Silver reported a serious accident at its Columba Silver Project in Chihuahua, Mexico, involving a contract miner working in the F Vein shaft. The worker had not been located as of the announcement, prompting rescue efforts, notification of authorities, and an investigation into the cause of the incident. Kootenay has temporarily suspended all exploration activities at Columba while the investigation is underway and expressed its condolences to the worker’s family, friends, and colleagues.