Heliostar Metals has restarted open-pit mining at the Veta Madre pit at its La Colorada Mine in Sonora. Veta Madre contains 48,000 oz gold in reserves, while the expanded Veta Madre Plus pit targets an additional 20,000 oz. La Colorada remains on track for 20,000–22,300 oz gold production in 2026.
Silverco Mining reported Q2 2026 revenue of $10.4 million, a $6.1 million net loss and $53.6 million cash. La Negra produced 158,259 AgEq oz during the 43-day post-acquisition period. Cusi remains on track for first concentrate in Q4 2026, while La Negra targets 2,500 tpd capacity in H1 2027.
Algo Grande Copper upsized its non-brokered private placement from $3 million to $5 million, offering up to 8.33 million shares at $0.60 each. Proceeds will fund ongoing drilling and exploration at the 100%-owned Adelita copper-gold-silver project in Sonora, plus operating costs and working capital.
Sonoro Gold completed the acquisition of a 100% interest in 23 concessions totaling 4,239 ha adjacent to its Cerro Caliche Gold Project for US$5.17 million. Since January, Cerro Caliche has expanded from 1,350 to 8,215 ha, plus a 51% interest in another 454 ha, significantly increasing the project’s exploration potential.
Mercado Minerals signed a community access and exploration agreement with Ejido Rincón de Ibonia covering part of its Zamora Project in Sinaloa, enabling drill permitting at Campanillas. Mercado will pay MXN$100,000 annually plus MXN$3,000 per drill pad. Field teams are advancing mapping, sampling and logistics ahead of a planned drill program.
Silver Storm Mining closed the first tranche of its private placement, raising $14.625 million through 29.25 million units at $0.50. Eric Sprott invested $7.5 million. Strong demand prompted the Company to further increase the offering to up to $21 million, with proceeds supporting drilling at La Parrilla and working capital.
Guanajuato Silver reported its second consecutive profitable quarter, with Q2 2026 net income of US$557,000 on US$42.5 million revenue. Mine operating income reached US$9.1 million and adjusted EBITDA US$5.8 million. Silver production increased 2% to 347,481 ounces, while the Company substantially reduced debt and ended the quarter with US$19.9 million in cash and investments.
Pinnacle Silver and Gold received TSXV approval to extend its $2.2 million private placement to September 26, 2026. The company previously closed a $652,080 first tranche. Proceeds will advance the El Potrero gold-silver project in Durango, including project evaluations and working capital, supporting Pinnacle’s strategy toward potential near-term production.
First Majestic filed an NI 43-101 Technical Report for the Los Gatos Silver Mine in Chihuahua, supporting Mineral Resource and Reserve estimates effective December 31, 2025. The report contains no material changes from estimates disclosed in March. First Majestic owns 70% of Los Gatos and operates the mine, with Dowa Metals & Mining holding 30%.
Minaurum Silver reported high-grade results from Phase II drilling at its Alamos Silver Project in Sonora. Quintera returned 26.3 m grading 369 g/t AgEq, including 2.95 m at 1,379 g/t AgEq, while Europa Sur returned 3.4 m at 589 g/t AgEq. Results support potential expansion beyond the current 55.2 Moz AgEq resource.
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