Category: Investor’s Corner

First Majestic reported Q1 2026 production of ~3.5M oz silver and 34,341 oz gold, slightly lower year-over-year due to reduced grades from lower cut-off strategies amid strong prices. Output represents ~26–28% of annual guidance, keeping the company on track for 2026 targets despite modest declines in metal production.

Equinox Gold reported strong Q1 2026 results, producing 197,628 oz of gold, driven by ramp-ups at Greenstone and Valentine and steady output from Nicaragua and Mesquite. The company reduced debt by $990M following asset sales and cash flow, and paid its inaugural dividend. Ongoing optimization, exploration, and expansion projects support future growth.

Mexican Gold Mining and Alcon Silver agreed to merge via a share exchange, with Alcon shareholders owning ~61% of the combined company. The deal unites the Las Minas gold project and Princesa silver deposit, creating a diversified explorer. The company plans a name change to Platauro Metals, alongside financing, pending shareholder and regulatory approvals.

Vortex Metals closed the first tranche of a non-brokered private placement, raising $474,900 through the issuance of 9.5 million units at $0.05 each. The company also announced a warrant extension, providing additional time for investors to exercise, as it advances exploration and corporate activities.

A miner, Francisco Zapata Nájera, was rescued alive after nearly 14 days trapped in a flooded gold mine in Sinaloa caused by a tailings dam collapse on March 25. Of 25 miners, 21 escaped, two were rescued alive, one died, and one remains missing. The survivor was airlifted to Mazatlán for treatment.

American Ocean Minerals and Odyssey Marine Exploration announced a $1B all-stock merger to create a U.S.-controlled deep-sea critical minerals platform. The combined company will focus on extracting polymetallic nodules (nickel, cobalt, copper, manganese), backed by ~$225M financing, and is expected to list on Nasdaq as AOMC, with closing targeted for mid-2026.

Luca Mining reported record 2025 results, with revenue of $176.8M (+103%), Adjusted EBITDA of $46.0M (+226%), and $20.8M in free cash flow, exceeding guidance. Production increased across all metals, cash rose to $25.5M, and debt fell over 80%. Despite strong operations, a $21.1M net loss was driven by non-cash accounting items.

Endeavour Silver Corp. reported Q1 2026 production of 1.88Moz silver and 11,740 oz gold, totaling 3.3Moz silver equivalent, with output rising 56% and 41% year-over-year, respectively. Growth was driven by Terronera and Kolpa, despite minor operational disruptions, positioning the company for further production increases through 2026.

Mithril Silver & Gold reported that a company aircraft carrying CEO John Skeet and two employees was struck by ground gunfire during a flight in Chihuahua State, forcing an emergency landing. No injuries occurred, operations at Copalquin continue uninterrupted, and authorities believe the plane was mistakenly targeted in an isolated incident unrelated to the project.

Torex Gold appointed Jacques Perron to its Board of Directors effective May 1, 2026. Perron brings over 40 years of mining experience, including senior executive and board roles at major companies. His expertise is expected to support Torex’s growth strategy, including advancing Media Luna, optimizing the Morelos Complex, and progressing development projects.