Colibri Resource completed the sale of its 49% interest in the Pilar Gold Project to Tocvan Ventures for C$3.6 million, receiving C$2.0 million at closing and C$1.6 million due within one year. Colibri retains a 1% NSR royalty and will focus on advancing its 100%-owned EP Gold Project in Sonora.
Sierra Madre reported Q2 2026 revenue of US$8.23M and gross profit of US$1.58M from La Guitarra. Throughput has increased 34% to 672 tpd, with Phase I expansion targeting 750–800 tpd by quarter-end. The company ended Q2 with US$25M working capital and continues ramping up Coloso and Nazareno.
Tocvan Ventures completed the acquisition of Colibri Resources’ remaining 49% interest in the original Pilar concessions, giving Tocvan 100% ownership of its flagship Gran Pilar Gold-Silver Project in Sonora. The 105-hectare concessions host the extensively drilled Main Zone, consolidating Tocvan’s control of the broader 21-km² project and planned development infrastructure.
Mithril Silver and Gold reported wide, high-grade silver-gold intercepts at Target 4 of its Copalquin project, including 11.70 m at 456 g/t AgEq, 13.95 m at 387 g/t AgEq, and 6.50 m at 320 g/t AgEq. Drilling confirms mineralization across 550 m of strike, with the Copalquin-Zaragoza structure remaining open in both directions.
Mammoth Resources commenced field activities at its 100%-owned Tenoriba gold-silver project in Chihuahua. Work includes reviewing 55 historical drill holes, assessing access and drill pads for a permitted 60-hole maiden resource drilling program, and collecting bulk samples for advanced leach testing aimed at evaluating potential initial pilot-scale gold-silver production.
Heliostar Metals has restarted open-pit mining at the Veta Madre pit at its La Colorada Mine in Sonora. Veta Madre contains 48,000 oz gold in reserves, while the expanded Veta Madre Plus pit targets an additional 20,000 oz. La Colorada remains on track for 20,000–22,300 oz gold production in 2026.
Silverco Mining reported Q2 2026 revenue of $10.4 million, a $6.1 million net loss and $53.6 million cash. La Negra produced 158,259 AgEq oz during the 43-day post-acquisition period. Cusi remains on track for first concentrate in Q4 2026, while La Negra targets 2,500 tpd capacity in H1 2027.
Algo Grande Copper upsized its non-brokered private placement from $3 million to $5 million, offering up to 8.33 million shares at $0.60 each. Proceeds will fund ongoing drilling and exploration at the 100%-owned Adelita copper-gold-silver project in Sonora, plus operating costs and working capital.
Sonoro Gold completed the acquisition of a 100% interest in 23 concessions totaling 4,239 ha adjacent to its Cerro Caliche Gold Project for US$5.17 million. Since January, Cerro Caliche has expanded from 1,350 to 8,215 ha, plus a 51% interest in another 454 ha, significantly increasing the project’s exploration potential.
Mercado Minerals signed a community access and exploration agreement with Ejido Rincón de Ibonia covering part of its Zamora Project in Sinaloa, enabling drill permitting at Campanillas. Mercado will pay MXN$100,000 annually plus MXN$3,000 per drill pad. Field teams are advancing mapping, sampling and logistics ahead of a planned drill program.
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