Guanajuato Silver Company Ltd. reported record Q1 2026 financial results, with revenue rising 89% quarter-over-quarter to US$43.1 million and net income reaching US$5.7 million. EBITDA totaled US$13.1 million, supported by higher silver and gold prices and the acquisition of the Bolanitos Mine. Cash and short-term investments ended the quarter at US$30.5 million.
Torex Gold released its 2025 Responsible Gold Mining Report, highlighting strong ESG performance at its Mexican operations. Key achievements included zero reportable environmental incidents, 83% water recycling, a 68% reduction in Scope 1 greenhouse gas emissions, 95% of procurement spending in Mexico, and US$3.9 million invested in community development projects across 12 host communities.
Luca Mining reported strong Q1 2026 results, with revenue rising 40% to US$57.6 million, net earnings increasing to US$12.6 million, and adjusted EBITDA reaching US$25.4 million. Cash grew 43% to US$36.4 million, supported by strong operating cash flow. The company continued investing in mine development, infrastructure, and exploration at its Campo Morado and Tahuehueto operations in Mexico.
Axo Metals Corp. reported strong initial drill results from its San Antonio gold project in Sonora, including 23.6 metres grading 2.13 g/t gold from surface at the Sapuchi deposit. The company is advancing a 25,000-metre drill program aimed at expanding and upgrading resources and has engaged P&E Mining Consultants to prepare a Preliminary Economic Assessment (PEA).
Minera Alamos Inc. closed a US$75 million revolving credit facility with Scotiabank and National Bank, using an initial US$45 million drawdown to refinance higher-cost debt and remove gold delivery obligations with Auramet. The financing strengthens liquidity, extends debt maturity to 2029, and supports development of the Copperstone, Gold Rock, and Cerro de Oro projects without equity dilution.
Americas Gold & Silver reached an agreement with an affiliate of Royal Gold to settle its remaining fixed gold delivery obligation at the Cosalá Operations in Mexico. The company will make a cash payment of approximately US$10.6 million, eliminating future gold deliveries under the agreement. Management said the settlement simplifies the capital structure and increases exposure to future gold production.
Vizsla Silver secured a MXN$173 million (US$10 million) government-backed working capital facility from FIFOMI for its Panuco Project in Sinaloa. The unsecured five-year loan, with a two-year principal grace period, strengthens the company’s liquidity and reflects Mexican government support as Panuco advances toward construction and production.
Minera Alamos Inc. reported record Q1 2026 results, including US$39.2M revenue, US$10.9M net earnings, and EBITDA of US$15.3M, driven by strong production at its Pan Mine in Nevada. The company ended the quarter with US$45.5M cash, plans to close a US$75M credit facility, advance Copperstone development, and rebrand as Mining Americas Inc.
Golden Minerals closed a public equity financing, issuing common shares and warrants to raise gross proceeds of approximately US$4.6 million. The company plans to use the funds for working capital, evaluation of strategic opportunities, and advancing its exploration assets. The financing strengthens Golden Minerals’ balance sheet as it continues reviewing alternatives following the suspension of mining operations.
Alamos Gold Inc. announced several senior management appointments to support its long-term growth strategy. James Clark was appointed VP, Canadian Operations, while Marcelo Martinez was promoted to VP, Mexico Operations. Scott Parsons was promoted to SVP, Exploration, and Adrian Paulse to VP, Information Technology. The changes strengthen leadership across Alamos’ expanding operations and development pipeline.
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