Elemental Royalty agreed to acquire an uncapped 2.5% gross revenue royalty covering Silverco Mining’s La Negra polymetallic mine in Querétaro as part of a US$290 million portfolio acquisition from Orion Mine Finance. The transaction is expected to close in Q4 2026.
Silver Tiger increased estimated construction capital for the El Tigre Stockwork Zone to US$124 million, up US$37 million, primarily due to cost escalation and expanded earthworks. Approximately US$81 million was committed and US$17 million spent by September 10, 2026. Commissioning and first gold-silver pour remain targeted for December 2027.
Apollo Silver reported that a September 20 Ejido Benito Juárez assembly was adjourned for lack of quorum. A second assembly, likely in October, will consider lifting the mining moratorium affecting Cinco de Mayo and approving a long-term access agreement. Resolutions may pass by a simple majority of attending ejidatarios
Southern Silver reported initial results from definition drilling at Puro Corazon, including 35.0 metres averaging 188 g/t silver, 4.9% lead and 4.6% zinc, or 399 g/t silver equivalent. The ongoing 14,000-metre program is designed to upgrade resource classification at the Cerro Las Minitas project.
Sinda reported its highest-grade intercept to date at Caracol: 3.05 m grading 12,494 g/t AgEq, including 0.65 m at 24,548 g/t AgEq, within the existing inferred resource. Site preparation for the planned 9-km exploration decline is advancing, with initial work targeted for completion by year-end 2026. The drilling results are expected in the year-end resource update.
Equinox Gold will redeem all US$172.5 million of its outstanding 4.75% convertible senior notes due October 2028. Notes not converted by October 19, 2026, will be redeemed October 20 at 100% of principal plus accrued interest. Full conversion could result in approximately 28.5 million new shares.
Silverco’s PEA for the producing La Negra mine outlines an 8.2-year mine life averaging 4.1 million silver-equivalent ounces annually. At $50/oz silver, the project generates an after-tax NPV5% of US$329 million, 131% IRR and two-year payback, requiring US$20.9 million in initial capital.
Heliostar reported that the Ana Paula feasibility study is 34% complete and remains scheduled for Q2 2027. An updated resource estimate and metallurgical work are nearing completion, with permitting advancing without material delays. The company targets a mid-2027 construction decision and first gold production before year-end 2028.
Luca Mining agreed to acquire the Cozamin underground copper-silver mine from Capstone Copper for US$290 million upfront and up to US$95 million in deferred and contingent consideration. The acquisition is expected to more than double Luca’s 2027 production and significantly increase its copper exposure, revenue and operating cash flow.
Capstone Copper agreed to sell its Cozamin mine in Zacatecas to Luca Mining for up to US$385 million: US$275 million cash at closing, US$15 million in Luca shares, US$35 million deferred and up to US$60 million contingent on copper prices. The transaction will strengthen Capstone’s balance sheet.
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