Mercado Minerals identified multiple new exploration targets at its Copalito project in Mexico following LiDAR and airborne magnetic surveys. The work outlined prospective pits, shafts, veins, and structural features tied to magnetic anomalies, significantly expanding the project’s exploration potential and guiding follow-up fieldwork and drilling.
Algo Grande completed a 4-hole (1,998 m) Phase I drill program at its Cerro Grande skarn target in Sonora, confirming high-grade Cu-Ag-Au mineralization with results up to 3.9% CuEq. Drilling indicates a larger, vertically extensive, multi-horizon system with expansion potential. Findings support a possible underlying porphyry source, and Phase II drilling is planned.
DynaResource reported strong 2025 results from its San Jose de Gracia mine, with revenue up 26% to $58.5M, net income of $3.8M (vs. a loss in 2024), and adjusted EBITDA of $12.1M. Gold production reached 21,393 oz, and the company achieved sustained profitability driven by improved efficiency and higher gold prices.
Capitan Silver reported high-grade drill results from its Cruz de Plata project in Durango, highlighted by 1,450.5 g/t AgEq over 1.5 m within a broader 41.1 m interval grading 211 g/t AgEq. Results confirm strong continuity and expansion of mineralization at depth, with potential for larger zones. Ongoing drilling and new discoveries support significant exploration upside.
Silver Spruce Resources closed the first tranche of a non-brokered private placement, raising CAD$739,250 through the issuance of 3.7 million units at CAD$0.20 each, with warrants exercisable at CAD$0.30 over four years. Proceeds will fund exploration and working capital, and the company plans a second tranche while extending the financing timeline.
Questcorp Mining and Riverside Resources have commenced a Phase 2 exploration program at the La Union Project in Sonora, following encouraging Phase 1 results. The program will focus on follow-up drilling, geophysics, mapping, and geochemistry to expand newly identified gold systems (including CRD and sediment-hosted styles) and advance multiple targets toward potential discovery.
Southern Silver reported final drill results from the Puro Corazon area at its Cerro Las Minitas project in Durango, highlighting high-grade polymetallic intercepts including 4.6 m grading 557 g/t AgEq. Results extend mineralization at depth and define new high-grade zones, supporting future resource and PEA updates while enhancing project scale and early mine development potential.
Aura Minerals reported strong 2025 growth, with significant increases in Proven & Probable reserves and overall resources driven by exploration success, project development, and acquisitions. Growth was supported across operating mines and new projects, reinforcing portfolio expansion and mine life extension, while maintaining production momentum and strengthening long-term resource potential.
Zacatecas Silver has commenced drilling at the El Cristo target within its Zacatecas Silver Project, marking the start of its 2026 exploration campaign. The program includes ~4,000 metres of drilling (2,800 m at El Cristo) to expand mineralization and support a potential maiden resource, following strong historical results and recent permit approval.
Tocvan reported a new gold-silver discovery at its Gran Pilar project in Sonora, with step-out drilling 1.6 km from the Main Zone intersecting mineralization from surface. Initial results confirm a new zone aligned with a magnetic anomaly, highlighting district-scale expansion potential and supporting ongoing drilling to define the extent and open-pit resource upside.
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