Talamore Mining increased its proposed debt facility from $400 million to $450 million, carrying 8.65% annual interest over seven years. Combined with warrant exercises and a completed equity offering, financing could reach $688 million. Shareholder approval remains pending, while the largest debt tranche requires final construction permits for the Coffee Gold Project in Yukon.
Madoro Metals filed initial documentation with the TSX Venture Exchange for its proposed reverse takeover with Narrow River Resources. It is advancing a concurrent private placement of up to C$1.23 million and plans to file a Lac Simard technical report. Completion remains subject to exchange, regulatory and shareholder approvals, financing and customary conditions.
Masivo Silver’s first 2026 hole at Cerro Colorado, Sonora, intersected 32.5 metres grading 0.271% zinc, 7.0 g/t silver and 0.141% lead, plus copper and gold. Drilling stopped at 259.5 metres due to technical difficulties while still in mineralized rhyolitic porphyry. Grades strengthened near the bottom, supporting follow-up drilling. True widths remain unknown.
Centenario Gold has begun a maiden 1,500-metre drill program at Los Reyes, Chihuahua, comprising five to six holes, 200–500 metres deep. Drilling targets depth extensions of skarn mineralization beneath the historic Jibosa and Tueda workings. Previous underground sampling returned up to 27.9% copper at Jibosa and 2.1% molybdenum at Tueda.
Goldgroup committed US$75 million to Luca Mining’s financing for the Cozamin copper-silver mine acquisition, targeting a 19.9% stake and replacing Trafigura’s backstop. Funded from existing cash, the investment would leave approximately US$91 million before costs and other commitments. Goldgroup would receive conditional rights to nominate two directors. Completion remains subject to TSXV approval.
Luca Mining secured Goldgroup’s binding commitment to invest US$75 million, or an amount representing a 19.9% stake, to help fund its Cozamin acquisition. This replaces Trafigura’s equity backstop. Goldgroup would receive rights to nominate two directors and equity participation protections while holding at least 10%. Closing remains subject to TSXV approval.
Guanajuato Silver renewed its Canadian base shelf prospectus, allowing it to offer up to US$65 million in shares, debt securities, warrants and other instruments over 25 months. The company said it has no immediate plans or agreements to issue securities under the prospectus.
Goldgroup closed a US$121.85 million non-brokered placement, issuing 33.38 million units at US$3.65 each. Each unit includes one share and half a warrant; whole warrants are exercisable at US$5.10 through March 2028. The company plans to advance its mining portfolio and consider strategic investments and acquisitions.
Candelaria Mining shareholders approved all items at its September 18 AGM. They elected three directors, appointed Saturna Group as auditor, and renewed the company’s 10% rolling stock option plan. Shares representing 37.62% of those outstanding were present.
Torex reported strong drilling across its Morelos property in Guerrero. Highlights include 31.2 m at 11.28 g/t gold equivalent in the emerging San Miguel corridor and 35.0 m at 14.32 g/t at ELG Underground. Torex added 13,400 m of Media Luna Cluster drilling, raising its 2026 Morelos exploration budget to US$51 million.
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