Category: Investor’s Corner

Empress Royalty agreed to acquire a portfolio of 14 pre-production NSR royalties from Almadex Minerals, expanding its royalty exposure across Canada, the U.S., and Mexico. The portfolio includes projects operated by companies such as Alamos Gold, McEwen Mining, Kodiak Copper, and Westhaven Gold, providing long-term exploration and development upside while supporting Empress’ strategy of building a diversified precious metals royalty portfolio.

Orogen Royalties qualified to trade on the OTCQX Best Market under the symbol OGNRF, upgrading from the Pink Market. The June 2021 listing was intended to increase the company’s visibility, liquidity and disclosure accessibility for U.S. investors.

Independent proxy advisory firms, including ISS, recommended that Orla shareholders vote FOR the proposed business combination with Equinox Gold, citing the strategic benefits of a larger, more diversified North American gold producer with stronger long-term growth potential. Orla’s Board unanimously supports the transaction, with shareholder voting due by July 20 ahead of the July 22 special meeting.

Independent proxy advisory firms, including ISS, recommended that Equinox Gold shareholders vote FOR the share issuance required to complete the proposed acquisition of Orla Mining. ISS concluded the merger would diversify Equinox’s asset base, enhance strategic flexibility, and improve long-term production potential. Both companies’ boards unanimously support the transaction, with shareholder voting closing July 20 ahead of the July 22 special meeting.

GoGold Resources reported a 21% quarter-over-quarter increase in production at its Parral tailings operation, reaching 477,464 silver-equivalent ounces, including 268,673 oz silver—the highest quarterly silver output in five years. Cash increased by US$22 million to US$284 million, leaving the company debt-free and fully funded to begin construction at Los Ricos South.

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.

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.

Vortex Metals appointed Thibault White as President and moved Vikas Ranjan to Executive Vice President, Corporate Development. The company also announced a C$1.0 million private placement to fund exploration in Mexico and Chile, corporate development and working capital, and completed a shares-for-debt transaction related to its Illapel Copper Project.

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.