Mercado Minerals Ltd. (CSE: MERC) started geophysical surveys at Copalito Project, Sinaloa, Mexico: high-resolution drone magnetic survey (1,885 ha, 50m lines) to map veins/drill targets, followed by drone LiDAR survey (1,867 ha) for detailed topography. Magnetic survey underway; LiDAR begins early February.
Colibri Resource finished its Phase 1 reverse circulation drilling at the San Perfecto and Banco de Oro targets within the El Plomo (EP) Gold Project in Sonora, Mexico. Initial assay results from pre-holiday holes have been received, with follow-up “shoulder” sampling in progress and remaining samples being prepared for lab analysis.
Fresnillo plc’s 4Q25 Production Report (28 Jan 2026): Q4 silver output 12.2 moz (+5.9% QoQ, -8% YoY); full-year 48.7 moz (down 13.5% YoY, met guidance). Gold Q4 135.3 koz (down YoY); full-year 600.3 koz (beat guidance). 2026 silver and gold guidance reduced due to mine plan changes and lower grades.
Osisko Development Corp. (NYSE: ODV, TSXV: ODV) completed the sale of its San Antonio gold project in Sonora, Mexico, to Axo Copper Corp. on January 27, 2026. Received 15,325,841 Axo shares (9.99% stake) plus contingent payments (VAT refund, US$2M on feasibility study, US$2M on first gold pour) and anti-dilution rights.
Axo Copper Corp. (TSXV: AXO) completed the acquisition of the San Antonio gold project in Sonora, Mexico, from Osisko Development Corp. on January 27, 2026, by acquiring 100% of Sapuchi Minera. Consideration included issuing ~15.3M shares to Osisko (9.99% stake) and ~7.7M to OR Royalties, plus contingent payments. This advances Axo toward development with resource growth potential.
Silverco Mining provided details on its agreement to acquire Nuevo Silver and the La Negra mine in Querétaro, Mexico. Under the deal, Silverco will issue shares to Nuevo Silver shareholders, with potential earn-out payments tied to future silver prices and production milestones. The acquisition expands Silverco’s Mexican asset base and is expected to enhance long-term growth and production potential.
Southern Silver Exploration reported drill results from the Puro Corazon claim at its Cerro Las Minitas project in Durango, Mexico, including 15.3 m @ 581 g/t AgEq and 22 m @ 426 g/t AgEq, extending high-grade mineralization to ~235 m depth. Results will feed into an updated Mineral Resource Estimate and revised PEA as assays continue.
Shareholders overwhelmingly approved the plan of arrangement for Coeur Mining to acquire New Gold, with about 99% support from New Gold shareholders. Coeur shareholders also approved the required resolutions. The transaction is expected to close in the first half of 2026, subject to regulatory and court approvals.
Chesapeake Gold closed a $17.2 million bought deal public offering (including full exercise of the over-allotment) and a $2.8 million non-brokered private placement with participation from Eric Sprott. Proceeds will support exploration and development at the company’s gold projects in Mexico.
Sierra Madre Gold & Silver secured land-use authorization for its Tlacotal property at the La Guitarra silver-gold complex (Estado de México), enabling mining and development. The company also expanded land holdings, including areas near the tailings facility, supporting future expansion and planned 2026 drilling.
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