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.
Capstone produced 51,759 tonnes of copper at C1 costs of US$2.82/lb, generating record revenue of US$739.7 million and adjusted EBITDA of US$354 million. Cozamin produced 5,745 tonnes at US$1.52/lb. Full-year guidance remains 200,000–230,000 tonnes at US$2.45–$2.75/lb.
Oroco reported a select surface sample grading 7.57% copper at its Vainilla concession in Sinaloa and completed a drone magnetic survey. The results, combined with geological mapping and sampling, will help define exploration targets associated with prospective breccia, skarn and concealed porphyry systems.
Radius retains 35% of Mexico’s Amalia project after Pan American earned 65%; no material work has occurred since 2022, and partner discussions continue. Radius is evaluating monetization options for Amalia and Guatemala’s stalled Holly project while proposing a C$1.2 million private placement to fund priority exploration in Peru.
Silver Storm completed La Parrilla’s first concentrate shipment, comprising 105 dry tonnes of lead-silver concentrate and 70 dry tonnes of zinc concentrate under its offtake agreement. The milestone establishes the restarted Durango operation as revenue-generating, with sulphide processing planned to ramp toward its 1,250-tonne-per-day nameplate capacity.
Orogen reported approximately 44,000 metres of partner-funded drilling across seven projects, including over 7,000 metres of conversion drilling at the Navidad deposit, covered by its 2% Ermitaño NSR royalty. The company also received C$1.72 million from project sales and partner payments and created two new royalties.
Orogen reported Q1 2026 net income of C$4.4 million, up 144%, and royalty revenue of C$3.4 million from 519 attributable GEOs at Ermitaño. The company generated C$1.8 million in operating cash flow and ended the quarter debt-free with C$30 million in working capital.
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