Three qualified bidders are poised to compete in the auction of Altos Hornos de México (AHMSA)’s assets with a reference value of about US $1.13 billion, marking one of Latin America’s biggest industrial sales. The auction, part of AHMSA’s bankruptcy process, draws international and domestic interest and could shape the future of Mexico’s largest steel producer.
EV Resources announced production of its first antimony ingots from material at the Los Lirios Project in Oaxaca, Mexico, validating a simple, low-cost smelting pathway. The milestone supports its strategy to become a near-term North American antimony producer, with drilling, metallurgical testing, and plant refurbishment advancing
Alamos Gold reported a 32% increase in global proven and probable gold mineral reserves to ~15.9 M oz, led by a 125% jump at Island Gold. Measured and indicated resources rose 6%, while inferred resources fell as higher-grade material converted to reserves, reflecting strong exploration success and reserve growth.
Capstone Copper 2026 Guidance (summary): Capstone expects consolidated copper production of 200,000–230,000 tonnes in 2026, with C1 cash costs of US$2.45–2.75 per payable pound. It plans about US$270M in sustaining capex, US$225M in expansionary capex, plus US$70M for exploration. The outlook reflects largely stable output year-over-year and supports growth projects like Mantoverde Optimized and Santo Domingo.
Kingsmen Resources plans step-out and deeper drilling at its Las Coloradas high-grade silver project and initial diamond drilling at the Almoloya gold-silver project in Chihuahua, Mexico, after closing a bought-deal financing that fully funds its 2026 exploration programs. Multiple large, largely untested targets remain at both properties, highlighting strong discovery potential.
Luca Mining Corp. reported underground drilling at its Campo Morado Mine (Largo Norte Zone) that hit 135.7 m of 1.58 g/t gold, 77.1 g/t silver, 0.88% copper and 1.61% zinc, extending known mineralization and prompting follow-up drilling to expand the zone. Additional underground holes also intersected encouraging polymetallic intervals.
Sierra Madre Gold and Silver is advancing a two-stage expansion at its La Guitarra silver-gold mine. The first phase will boost processing from 500 tpd to ~750–800 tpd, with equipment upgrades and purchases underway. A second phase aims for 1,200–1,500 tpd by Q3 2027. Work includes plant upgrades, tailings handling, crushers, mills, and expanded mining fleet.
Starcore International Mines Ltd. reported improved **third fiscal quarter (ended Jan 2026) production at its San Martin Mine in Querétaro, Mexico, after resolving prior preg-robbing issues. Gold recoveries returned to normal and silver grades rose, helping the mine meet budgeted targets. Exploration extended high-grade ore bodies (~5 g/t Au, 80 g/t Ag), now being mined to boost output.
Orogen Royalties Inc. (TSXV:OGN) announced an annual equity grant: 618,000 stock options at $3.12 (5-year term, 3-year vesting); 132,000 RSUs (2-year vest); 29,000 DSUs (partial vesting over 3–4 years). Granted to directors, officers, employees, and consultants. Subject to TSXV approval.
Axo Copper Corp. filed a final short form prospectus dated Feb 13, 2026 with Canadian securities regulators (except Québec) for its bought deal public offering of units priced at CAD $0.70 each, targeting CAD $35 M in gross proceeds and potentially up to CAD $40.25 M with the underwriters’ option. The offering includes common shares and warrants exercisable at $1.00 for 18 months. Closing is expected ~Feb 19, 2026.
Mexico Mining Center © 2021 / All Rights Reserved
