Category: Investor’s Corner

Mammoth Resources commenced field activities at its 100%-owned Tenoriba gold-silver project in Chihuahua. Work includes reviewing 55 historical drill holes, assessing access and drill pads for a permitted 60-hole maiden resource drilling program, and collecting bulk samples for advanced leach testing aimed at evaluating potential initial pilot-scale gold-silver production.

Silverco Mining reported Q2 2026 revenue of $10.4 million, a $6.1 million net loss and $53.6 million cash. La Negra produced 158,259 AgEq oz during the 43-day post-acquisition period. Cusi remains on track for first concentrate in Q4 2026, while La Negra targets 2,500 tpd capacity in H1 2027.

Algo Grande Copper upsized its non-brokered private placement from $3 million to $5 million, offering up to 8.33 million shares at $0.60 each. Proceeds will fund ongoing drilling and exploration at the 100%-owned Adelita copper-gold-silver project in Sonora, plus operating costs and working capital.

Mercado Minerals signed a community access and exploration agreement with Ejido Rincón de Ibonia covering part of its Zamora Project in Sinaloa, enabling drill permitting at Campanillas. Mercado will pay MXN$100,000 annually plus MXN$3,000 per drill pad. Field teams are advancing mapping, sampling and logistics ahead of a planned drill program.

Silver Storm Mining closed the first tranche of its private placement, raising $14.625 million through 29.25 million units at $0.50. Eric Sprott invested $7.5 million. Strong demand prompted the Company to further increase the offering to up to $21 million, with proceeds supporting drilling at La Parrilla and working capital.

Guanajuato Silver reported its second consecutive profitable quarter, with Q2 2026 net income of US$557,000 on US$42.5 million revenue. Mine operating income reached US$9.1 million and adjusted EBITDA US$5.8 million. Silver production increased 2% to 347,481 ounces, while the Company substantially reduced debt and ended the quarter with US$19.9 million in cash and investments.

Pinnacle Silver and Gold received TSXV approval to extend its $2.2 million private placement to September 26, 2026. The company previously closed a $652,080 first tranche. Proceeds will advance the El Potrero gold-silver project in Durango, including project evaluations and working capital, supporting Pinnacle’s strategy toward potential near-term production.

First Majestic filed an NI 43-101 Technical Report for the Los Gatos Silver Mine in Chihuahua, supporting Mineral Resource and Reserve estimates effective December 31, 2025. The report contains no material changes from estimates disclosed in March. First Majestic owns 70% of Los Gatos and operates the mine, with Dowa Metals & Mining holding 30%.

Orogen Royalties reported Q2 2026 net comprehensive income of $2.4 million, versus a $0.2 million loss a year earlier. Royalty revenue increased 54% to $3.2 million, driven by higher gold prices and Ermitaño production. Working capital rose to $32.9 million, with no long-term debt, while G&A expenses declined 41%.

McEwen announced the planned retirement of COO William Shaver after a 55-year mining career. Channa Kumarage was promoted to VP Operations, Kevin Bromfield to VP Development Projects, and Zahir Jina to VP Permitting, Government Relations and Sustainability, supporting McEwen’s goal of reaching 250,000–300,000 gold-equivalent ounces annually by 2030.