Defiance Silver has secured 100% ownership of the San Acacio mining concessions at its Zacatecas Silver Project after completing the final US$2.3 million option payment. The company is advancing a 10,000-metre drill program to support an updated mineral resource estimate while consolidating full ownership of its flagship Mexican projects.
EV Resources has outlined a 10–12 month pathway to production at its Tecomatlán antimony processing plant, while reporting encouraging metallurgical and drilling results from the Los Lirios project. The company is advancing permitting, third-party ore supply agreements, and Phase 2 drilling to support its strategy of becoming a near-term North American antimony producer.
Torex Gold’s Preliminary Economic Assessment for the Los Reyes project outlines a robust, internally funded development opportunity with an after-tax NPV of US$1.49 billion and 37% IRR. The study envisions average annual production of 161,000 gold equivalent ounces over the first 11 years, positioning Los Reyes as the company’s next major growth project in Mexico.
Torex Gold produced 96,297 gold equivalent ounces in Q2 2026, keeping the company on track to meet its annual production guidance of 420,000–470,000 AuEq ounces. Higher grades and recoveries are expected in the second half of the year, with financial results to be released on August 6.
Guanajuato Silver announced the resignation of Richard Silas as Vice President of Corporate Development and Corporate Secretary to attend to a personal matter. He will remain on the Board of Directors, while Susana Del Rio, formerly head of legal and compliance, assumes his executive responsibilities to ensure management continuity.
First Majestic has agreed to sell its non-operating San Martin Silver Mine and associated Jalisco mining concessions to Flextronics Supply and Service for US$90 million. The transaction monetizes an asset on care and maintenance since 2019 through staged cash payments, allowing the company to focus on its core producing operations while strengthening its balance sheet.
Luca Mining reported a new high-grade breccia discovery at its Tahuehueto Mine in Durango, with drilling returning 4.7 metres grading 6.7 g/t gold equivalent. The intercept expands mineralization below existing workings, highlighting strong potential for near-mine resource growth and supporting future mine plan expansion.
Pacifica Silver appointed Stephen Redak as Vice President of Exploration, strengthening its technical team as it advances the Claudia silver-gold project in Durango. Redak brings more than 20 years of epithermal exploration experience in Mexico and the U.S., including senior roles at Hecla Mining. Interim VP Dr. Steve Weiss will remain as Technical Advisor to ensure continuity.
Silverco Mining reported strong underground drill results from the Promontorio zone at its Cusi Project in Chihuahua, highlighted by 1,100 g/t silver over 10.3 metres, including 6,452 g/t AgEq over 0.7 metres. The results confirm wide, high-grade mineralization and suggest significant vertical exploration potential, supporting the planned restart of mining operations.
GR Silver Mining appointed Eric Zaunscherb as President and CEO, effective immediately, following his interim leadership after the passing of founder Márcio Fonseca in March. The company said it remains focused on its 20,000-metre resource expansion drill program at the Plomosas project, with an updated Mineral Resource Estimate and Preliminary Economic Assessment planned following completion of drilling.
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