Sierra Madre Gold & Silver has fully repaid its US$5 million loan from First Majestic, leaving the company debt-free. Strong cash flow from the La Guitarra mine funded the repayment, strengthening its balance sheet and allowing greater focus on exploration and development at both La Guitarra and the recently acquired Del Toro silver mine.
First Majestic produced 3.8 million ounces of silver and 34,660 ounces of gold in Q2 2026, increasing total output and prompting the company to raise its 2026 production guidance while lowering expected cash costs. The updated outlook reflects strong performance across its Mexican operations, including the recently acquired Los Gatos mine.
Goldgroup Mining’s 1-for-4 share consolidation became effective July 10, 2026. Every four existing shares were exchanged for one new share, with fractional interests rounded or cancelled. Shares continued trading under GGA on the TSXV, GGAZF on the OTCQX and 55G0 in Frankfurt, with new CUSIP and ISIN identifiers.
Silver Tiger reported that construction of its 100%-owned El Tigre silver-gold project in Sonora remains on schedule for commissioning and first gold pour in December 2027. Key milestones include completion of long-lead equipment procurement, commencement of major earthworks and road upgrades, CFE grid power access, and new exploration drilling north of the planned mine area.
Empress Royalty has engaged Geomorphic AI to strengthen its royalty and streaming deal origination process. By applying AI-driven geological analysis and mineral prospectivity modeling, the partnership aims to identify high-potential acquisition opportunities more efficiently, supporting Empress’s strategy to expand its portfolio of royalties and streams.
Algo Grande reported that Phase II drilling at its Adelita copper project in Sonora is progressing ahead of schedule, with the first hole completed and a second drill rig being mobilized. New UAV magnetic survey results identified three potential porphyry intrusive centers and confirmed multiple high-priority structural targets for future drilling.
Endeavour Silver produced 1.94 million ounces of silver and 10,474 ounces of gold in Q2 2026, totaling 3.4 million silver-equivalent ounces, a 36% increase over Q2 2025. Growth was driven by the Terronera mine and expanded production at Kolpa, keeping the company on track for a stronger second half of the year.
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