Year: 2026

A Mexican bankruptcy court has authorized the joint sale of steelmaker Altos Hornos de México (AHMSA) and its mining subsidiary Minera del Norte (Minosa) for a combined value of approximately US$1.33 billion. The revised sale structure keeps both companies together as a single productive unit rather than selling assets separately, with the goal of preserving operations, protecting jobs, and maximizing value for creditors. Worker claims will receive priority from the sale proceeds. Bids are expected within 60 days, with a new owner potentially selected by mid-August 2026.

Gold Resource Corporation (GORO) has scheduled a special shareholder meeting for July 2, 2026, to vote on its proposed merger with Goldgroup Mining. The all-share transaction would create a larger Mexican-focused precious metals producer. The Board unanimously recommends shareholders vote in favor of the merger, which management believes will enhance scale, operational flexibility, and long-term shareholder value.

IMPACT Silver appointed veteran mining executive and geologist Jim Gowans to its Board of Directors, strengthening the company’s technical and operational expertise. Gowans brings over 35 years of international mining experience, supporting IMPACT’s growth strategy as it advances its Zacualpan silver district, evaluates a restart of the Capire project, and optimizes the Plomosas zinc operation.

Orla Mining reported that operations at its Camino Rojo Mine in Zacatecas were temporarily halted due to an illegal work stoppage and blockade by unionized workers. The dispute centers on profit-sharing (PTU) payments and productivity bonuses. Orla is negotiating with union leaders and government labor officials to resume operations and assess any impact on 2026 production guidance.

Algo Grande Copper appointed Monica Ospina as ESG Advisor and advanced its Digbee ESG disclosure process. Ospina brings over 20 years of mining sustainability and stakeholder engagement experience. The company has submitted its Digbee ESG assessment and expects an independent ESG rating in the coming months to support transparency and responsible project development.

Fuerte Metals Corporation has officially changed its name to Talamore Mining Corp. and will begin trading on the TSX Venture Exchange under the symbol TALA effective June 8, 2026. The company also announced that shareholders approved all resolutions at its annual meeting, including the election of seven directors, the reappointment of auditors, amendments to its articles, and changes to its omnibus equity incentive plan.

Madoro Metals provided an update on its proposed reverse takeover by Narrow River Resources, stating that both parties continue advancing regulatory filings, technical reports, shareholder materials, and definitive transaction documents. The companies are also pursuing a concurrent private placement of up to C$1.23 million.

Madoro Metals continues advancing its proposed reverse takeover of Narrow River Resources, having completed an NI 43-101 technical report for the Lac Simard Project. The parties are finalizing a definitive agreement and shareholder circular. A concurrent non-brokered private placement of up to C$1.23 million remains subject to TSXV and regulatory approvals.