Canasil Resources received a $400,000 first anniversary option payment from AuRORA Minerals (Freeport-McMoRan & Amarc JV) for the Brenda gold-copper-silver property in BC, Canada. This extends the option for a second year and increases the exercise price to $9M.
Orex Minerals Inc. provided an update on the sale of its 45% interest in the Coneto silver-gold project in Durango, Mexico, to Fresnillo plc (which holds the remaining 55%). The transaction is progressing, with due diligence ongoing and closing expected in Q1 2026, subject to regulatory approvals.
Avino Silver & Gold Mines appointed Linda Broughton as non-executive director effective February 4, 2026. She has 35+ years in mining, with expertise in environmental geochemistry, water management, risk, and reclamation. Former VP Technical Services at Alexco (2014-2023); prior roles at BHP, Antamina, SRK.
Guanajuato Silver Company reports 630% growth in Inferred Mineral Resources at Valenciana Mines Complex to 20.3 million AgEq oz (2.27 Mt @ 142.2 g/t Ag, 1.55 g/t Au; 10.4 Moz Ag, 113 Koz Au), with a 927% increase in tonnes. Indicated Resources rose 18%. Significant expansion potential highlighted.
Fortune Bay Corp. (TSXV: FOR) announced marketing agreements: retained Machai Capital Inc. for 3-month digital marketing services (SEO, SEM, social media, etc.) for $400,000 cash plus 175,000 stock options ($0.90 exercise, 25% quarterly vesting, 1-year expiry). Previously engaged Epstein Research for US$6,000 (3 months). Both subject to TSX-V approval.
Torex Gold Resources Inc. announced CEO transition: Jody Kuzenko (CEO since 2020, prior COO since 2018) will retire after the June 17, 2026 shareholder meeting following eight years with the company. Andrew Snowden, CFO since 2021, will succeed as President & CEO as part of long-term succession planning.
Pinnacle Silver and Gold hired Torrey Hills Capital for IR (1-year, US$2,000/mo + 300K options vesting quarterly) and granted 2.17M incentive stock options ($0.20 exercise, 3-year term, immediate vesting) to directors, officers, and consultants. Subject to TSXV approval.
Tocvan Ventures upsized its bought deal financing to C$8.7M, issuing 8,700,000 units at C$1.00 each (1 share + 1 warrant at C$1.40 for 36 months). Led by Stifel Canada, with over-allotment for 1,305,000 units. Funds advance Sonora gold projects and working capital. Closing expected ~Feb 19, 2026.
Alamos Gold Inc. announced three-year operating guidance, projecting 46% production growth by 2028 to 755,000–835,000 ounces (from 2025 levels), driven by the Island Gold District expansion and Lynn Lake project. Costs are expected to drop significantly (around 20–24% in AISC and cash costs), with longer-term output reaching ~1 million ounces annually by 2030.
Tocvan Ventures announced a $6M bought deal private placement: 6M units at C$1.00 each (1 share + 1 warrant at C$1.40 for 36 months), led by Stifel Canada, with option for 900K more units. Funds for Sonora gold projects (incl. Pilar) and working capital. Expected close ~Feb 19, 2026.
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