A collapse occurred inside the Los Gatos mine in Satevó, Chihuahua, triggering a major emergency response. The incident happened in an area with no workers present, so no injuries were reported. Authorities activated safety protocols and inspections, while the company prepares a technical report to determine the cause.
Sonoro Gold announced a fully committed CAD$11 million private placement to fund a 50,000-meter drilling program at its Cerro Caliche project in Sonora. The program will focus on infill and expansion drilling to support planned open-pit heap leach development, advancing the project toward potential production alongside ongoing permitting efforts.
Kingsmen Resources acquired 100% of the Claudia 2 claim (no NSR) at its Las Coloradas project, expanding its land position with the undrilled Saddle target and extensions of key vein systems. Geochemical and geophysical data highlight strong polymetallic potential, and upcoming drilling will test these new high-priority, district-scale exploration targets.
Mercado Minerals began trading on the OTCQB Venture Market under the symbol MRMNF, enhancing visibility and access for U.S. investors while maintaining listings in Canada and Frankfurt. The company also received DTC eligibility, enabling electronic clearing and settlement in the U.S., which is expected to simplify trading and improve liquidity.
Silver Storm Mining strengthened its leadership by appointing experienced executives, including a new CFO, Mexico General Manager, Technical Services Director, and Project Director. The additions bring decades of mining, financial, and operational expertise, supporting the planned restart of the La Parrilla silver complex and enhancing the company’s technical and operational capabilities.
Highlander Silver announced the start of its first drilling program in over a decade at the Corani project in Peru, targeting resource growth, infill, and optimization. The company is advancing exploration and site preparation alongside geophysical surveys, while maintaining a strong cash position (~US$100M, no debt) to support development of the fully permitted project.
Vizsla Silver provided an update on the Concordia incident involving ten abducted workers, confirming additional fatalities while some individuals remain missing. The company is supporting affected families, cooperating with Mexican authorities in the ongoing investigation, and strengthening security measures, while emphasizing employee safety and its long-term commitment to the Panuco project.
Coeur Mining reported strong early participation in its exchange offer for New Gold’s US$400M senior notes, with ~96% tendered by the April 3 deadline. Required consents were obtained to amend the indenture, removing key covenants and default triggers. The offer expires April 20, with settlement expected shortly after.
Avino announced a Normal Course Issuer Bid to repurchase up to 8.4 million shares (~5% of outstanding) over 12 months. The buyback will be made at market prices and reflects management’s view that the shares may be undervalued, supported by strong financial position and expected 2026 free cash flow.
Coeur Mining reported strong early participation in its exchange offer, with 96.33% ($385.3M of $400M) of New Gold’s 6.875% notes tendered. It secured required consents to amend the indenture, removing most restrictive covenants. Noteholders receive new Coeur notes plus cash incentives, and the company is no longer required to repurchase notes after its New Gold acquisition.
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