Colibri agreed to sell its remaining 49% interest in the Pilar Gold & Silver Project to Tocvan Ventures for C$3.6 million (C$2.0 million at closing and C$1.6 million after 12 months). Colibri retains a 1% NSR royalty while strengthening its balance sheet to advance the wholly owned EP Gold Project in Sonora.
Questcorp and Riverside Resources completed expanded drone magnetic (248 line-km) and IP geophysical surveys at the La Union Project in Sonora while advancing Phase 2 drilling. Four holes (400 m) have been completed, with assays pending. The new geophysical data is refining drill targets and identifying additional mineralized structures for continued exploration.
Tocvan Ventures entered into a definitive agreement to acquire Colibri Resource’s remaining 49% interest in the original Pilar concessions for C$3.6 million, consolidating 100% ownership of the Gran Pilar Gold-Silver Project in Sonora. Colibri will retain a 1% NSR royalty, with Tocvan holding a C$1.0 million buyback option.
Zacatecas Silver completed Phase 2 mapping and sampling at the Oso Negro Project in Sonora, collecting 391 rock-chip samples and extending mapped veins to over 3.0 km of combined strike. The program refined 20 planned drill targets, with assays pending, while ecological studies have been completed to support a SEMARNAT drilling permit application.
Orla Mining produced 88,265 ounces of gold in Q2 2026, driven by strong performance at the Musselwhite Mine, bringing first-half production to 169,471 ounces. The company remains on track to meet its 2026 guidance of 340,000–360,000 ounces at AISC of US$1,550–1,750/oz, while the proposed merger with Equinox Gold remains on schedule to close in Q3 2026.
Equinox Gold produced 176,836 ounces of gold in Q2 2026, with Canadian operations increasing production 11% quarter-over-quarter to 97,273 ounces as Greenstone and Valentine continued ramping up. Year-to-date production reached 374,464 ounces, keeping the company on track to meet its 700,000–800,000 ounce annual guidance.
Fortuna Mining produced 72,217 gold-equivalent ounces in Q2 2026, keeping the company on track to meet its 2026 guidance of 281,000–305,000 GEO. The company advanced growth initiatives at Séguéla and Diamba Sud, completed US$80.2 million in share buybacks during the quarter, and continued evaluating key expansion and development projects.
Riverside Resources and Questcorp Mining completed expanded drone magnetic (248 line-km) and IP geophysical surveys at the La Union Project to support ongoing Phase 2 drilling. Four drill holes totaling 400 metres have been completed with assays pending. The new geophysical data is refining existing targets and identifying additional CRD and sediment-hosted gold exploration opportunities.
Sierra Madre Gold & Silver has fully repaid its US$5 million loan from First Majestic, leaving the company debt-free. Strong cash flow from the La Guitarra mine funded the repayment, strengthening its balance sheet and allowing greater focus on exploration and development at both La Guitarra and the recently acquired Del Toro silver mine.
First Majestic produced 3.8 million ounces of silver and 34,660 ounces of gold in Q2 2026, increasing total output and prompting the company to raise its 2026 production guidance while lowering expected cash costs. The updated outlook reflects strong performance across its Mexican operations, including the recently acquired Los Gatos mine.
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