Empress Royalty completed its US$2.5-million acquisition of 14 pre-production NSR royalties from Almadex Minerals, covering projects in Canada, the United States and Mexico. The transaction broadens Empress’s exposure to gold, silver and copper projects operated by companies including Alamos Gold, McEwen, Kodiak Copper and Westhaven Gold.
Defiance Silver received environmental approval for up to 172 drill sites at the Espiritu copper target within its Green Earth Project in Sonora. The authorization provides flexibility to test multiple targets across this prospective Laramide-age copper system and represents an important step toward initiating systematic drill exploration.
Vizsla Silver appointed Luis Lázaro as President, Mexico, effective August 5, 2026. He will lead Mexican operations and oversee advancement of the Panuco silver project through permitting, construction and potential production, targeting first silver production in the second half of 2027.
Guanajuato Silver received permits for surface drilling at its El Horcón project in Jalisco. The planned program will test extensions of the gold-silver-lead-zinc vein system, improve understanding of the historical resource and evaluate El Horcón’s potential as a satellite operation supplying the company’s processing facilities in Guanajuato.
Silverco Mining commenced underground development at the Promontorio and San Miguel zones of its Cusi mine in Chihuahua. Mine and mill rehabilitation remain on budget and schedule, with first ore from Promontorio expected during Q3 and initial concentrate production targeted for Q4 2026.
Royalties Inc. announced that Technical Advisor Chris Lloyd would present the Bilbao Ag-Zn-Pb Skarn Project at the Discoveries Mining Conference in Hermosillo. Bilbao hosts a historical sulfide resource of 5.7 Mt grading 6.88% ZnEq. The deposit remains open westward and at depth, with additional untested geochemical anomalies and epithermal veins providing exploration upside.
Mithril upgraded Copalquin’s Target 1 resource to 464 koz AuEq indicated and 151 koz inferred, with indicated metal increasing 196%. High-grade drilling expanded Targets 3 and 5. Two rigs are completing the fully funded 12,000-metre 2026 program; Mithril held A$7.3 million cash and no debt.
Discovery Mining increased its senior secured revolving credit facility from US$250 million to US$400 million and extended maturity to July 2030. The amended facility offers improved pricing, relaxed leverage requirements and no minimum liquidity covenant, supporting growth at its Porcupine and Kidd assets. The US$100 million accordion remains available.
Algo Grande mobilized a second rig and commenced Hole 3 at the Adelita project’s Cerro Grande skarn target in Sonora. Hole 2 intersected 28.37 metres of visual copper mineralization in skarn and andesitic porphyry and continued toward a planned 700-metre depth to test the system’s deeper extension and potential feeder intrusion.
EV Resources advanced its Mexican antimony strategy by dry-commissioning three ball mills at Tecomatlán and securing four feedstock MOUs covering 2,330–2,430 tonnes monthly. Flotation testing achieved 81.1% antimony recovery. Los Lirios drilling and geophysics progressed, while Tecomatlán remained targeted for first concentrate production during the second half of 2026.
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