Year: 2026

Kingsmen Resources Ltd. (TSXV: KNG) upsized its bought deal private placement to C$11M from C$10M due to strong demand. Red Cloud Securities will buy 4,888,889 units at C$2.25 each (1 share + ½ warrant exercisable at C$3.00 for 36 months), with option for 888,889 more. Proceeds fund Mexican projects and working capital; closing expected ~Feb 11, 2026, subject to TSXV approval.

Silver Spruce Resources announced the resignation of a director and an officer from the company’s board and management team. The departures are part of a broader corporate transition as the company refocuses its priorities. Silver Spruce thanked the outgoing executives for their service and said it is evaluating next steps for leadership continuity.

Goldgroup Mining will acquire Gold Resource Corporation in an all-stock merger (~US$372 M), creating a Mexico-focused precious metals producer with diversified assets in Oaxaca and Sonora, plus the U.S. Back Forty project. The deal values GRC at a 39% premium and is expected to close in Q2 2026, pending approvals.

Questcorp Mining appointed Amandip Singh to its Advisory Board. Singh brings over 15 years of experience in exploration, capital markets and strategic deals. The company also granted 4.4 M incentive stock options to directors, officers and advisors, with some vesting tied to future market-cap milestones, to support its exploration and development efforts.

Gold Resource Corporation agreed to combine with Goldgroup Mining in an all-stock business combination, creating a larger precious metals producer focused on Mexico. GRC shareholders will receive Goldgroup shares under the agreed exchange ratio. The merger is expected to enhance production scale, cash flow and growth opportunities once completed.

Orogen reported a strong 2025 exploration year with over 37,800 m of partner-funded drilling (~$30 M), new royalties, and project sales. For 2026, it expects ~40,000 m of partner-financed drilling, continued alliances with Altius, South32 & Triple Flag, and upcoming resource updates at key copper-gold and gold-silver targets, including Ermitaño.

Santacruz Silver reported 3,739,019 silver-equivalent ounces in Q4 2025, including 1,343,607 oz silver, 23,846 t zinc, 3,000 t lead, and 287 t copper, with production improvements driven by stronger output across its Bolivar, Caballo Blanco, Zimapán and San Lucas operations.

Hecla reported 2025 silver output of 17.0 M oz and gold of 150,509 oz, both at the top of guidance. For 2026, it forecasts 15.1–16.5 M oz silver and 134–146 k oz gold, plans a record $55 M in exploration/pre-development, and modestly higher total capital spend.