9th January 2026 Latin America Newsletter
9th January 2026 Latin America Newsletter
Mergers & Acquisitions
SolGold (LSE:SOLG)
Accepted an all-cash acquisition offer from Jiangxi Copper under Part 26 of the UK Companies Act. SOLG shareholders will receive 28p per share valuing the transaction at £867M, a 42.9% premium to the closing price 19 November 2025, the day prior to JCC’s first approach to SOLG. SOLG’s main asset is the Cascabel CuAu development project in Imbabura, Ecuador. SOLG directors, who own 2.8% of the company, unanimously recommended that shareholders vote in favour of the transaction. JCC received support from SOLG shareholders BHP, Newcrest and Maxit Capital who hold 25.7% SOLG. JCC has been a shareholder in SOLG since November 2020 and holds a 12.2% stake. “Following extensive shareholder consultation following the receipt of the proposals from JCC, the board believes all shareholders should have the opportunity to consider the acquisition. Having carefully considered the terms, the SOLG board believes it is in the best interests of shareholders and the company, and unanimously recommended the transaction to shareholders,” said CEO Dan Vujcic.
Highlander Silver (TSX:HSLV)
Is to acquire Bear Creek Mining (TSXV:BCM) to add the Corani Ag project in Puno, Peru, one of the largest primary Ag deposits in the world, to its San Luis Au-Ag project. BCM shareholders will receive 0.1175 HSLV shares for each BCM share. HSLV expects to issue 34.5M shares with HSLV to own 82% and BCM 18% of the resulting company. SanLuis hosts indicated resources of 356,000 Au grading 24.4g/t and 8.4Moz silver grading 579g/t. Corani has a 2019 FS to produce 9.6Mozpa Ag from reserves of 229Moz. BCM also owns the Mercedes Au-Ag mine in Sonora, Mexico that produced 40koz Au & 218koz Ag in 2024. HSLV also entered into agreements with Royal Gold (NASFDAQ:RGLD) Equinox Gold (TSX:EQX) to settle BCMs indebtedness. RGLD will receive $6.2M and an incremental 1.75% secured NSR on Corani, and an unsecured 2% NSR on Mercedes. RGLDs existing 1% secured NSR on Corani will remain, such that it will hold a 2.75% secured NSR on Corani. HSLV can buy back a 0.5% NSR for $25M before 2033 or 0.75% for $30M if a final investment decision is made before 2028. EQX will receive $1.6M and a 0.5% unsecured NSR on Corani with HSLV permitted to buy back a 0.167% NSR for $8.3M before 2033. HSLV also has entered into a concurrent subscription agreement with BCM to subscribe for 50M shares @ 36c for proceeds of C$18M to acquire a 14.6% ownership stake. “This transaction … allows us to scale into the emerging structural bull market for silver beyond our bonanza grade San Luis project,” said CEO Daniel Earle.
Goldgroup Mining (TSXV:GGA)
Acquired Molimentales del Noroeste in a restructuring proceeding approved by the Second District Court for Commercial Bankruptcy Matters. The judgement issued by the Mexican Court in favour of GGAs plan of arrangement completes the bankruptcy and restructuring of Molimentales, whose primary asset is the San Francisco mine concessions in Sonora. “The San Francisco mine 44km from our Cerro Prieto Au mine represents a unique opportunity to consolidate a highly prospective Au district. … Over the coming months, we will launch an aggressive drilling campaign aimed at confirming and upgrading resources,” said CEO Ralph Shearing.
Aftermath Silver (TSXV:AAG)
Completed the acquisition of the Berenguela Ag-Cu-Mn project in Peru from SSR Mining (TSX:SSRM). A M&I resource was published in December 2025 of 51.55Mt @ 73.9g/t Ag, 5.69% Mn, 0.63% Cu & 0.33% Zn containing 122.5Moz Ag, 2.93Mt Mn, 717.1Mlb Cu % 372.4Mlb Zn.
Finance
Largo to raise US$60M
Largo (NASDAQ/TSX:LGO) announced an at-the-market equity offering to raise US$60M at prevailing market prices. Proceeds will be used for working capital.
Belo Sun to raise C$41.3M
Belo Sun Mining (TSX:BSX) announced a non-brokered private placement financing @ 43c for proceeds of C$41.3M. Existing shareholder La Mancha Investments committed to participate. Proceeds will be for working capital for the development of the Volta Grande Au project in Pará.
Apollo to raise C$25M
Apollo Silver (TSXV:APGO) announced a non-brokered private placement of 5M units q C$5 for proceeds of $25M, with shareholders Eric Sprott and Jupiter Asset Management to participate with 2.5M units each. Following completion, Jupiter will own 12.1% of APGO, while Eric Sprott will own 9.6%. Each unit will consist of one share and half a warrant exercisable @ $7 for two years.
Helius to raise C$25M
Helius Minerals (TSXV:HHH) entered into a best efforts private placement @ C$3 to raise $25M. 10%) of the amount will be raised through the sale of units to provide immediate working capital of $2.5M. The remaining 90% will be raised through the sale of subscription receipts issued at closing. Each subscriber’s investment will be allocated 90% to the purchase of subscription receipts and 10% to the purchase of units. Each unit will consist of one share and half a warrant exercisable @ $4.50 thre three years. The offering is in conjunction with HHHs planned acquisition of the Serra Pelada Au–PGM project in Pará, Brazil. Each subscription receipt will entitle the holder to receive a unit upon HHH delivering an option exercise notice, completion of agreed letters of intent with key Brazilian creditors and certifying it has available funds to complete the acquisition.
Aftermath raised C$20M
Aftermath Silver (TSXV:AAG) closed an upsized brokered best-efforts private placement of 22.2M shares @ 90c for proceeds of C$20M, with participation from Eric Sprott. Proceeds will fund further exploration and development at the Berenguela Ag-Cu-Mn project in southern Peru.
Mogotes to raise C$19M
Mogotes Metals (TSXV:MOG) announce a non-brokered private placement of 71.7M units @ 26.5c for proceeds of C$19M. Each unit will comprise one share and half a warrant exercisable @ 53c for three years. CD Capital subscribed for $15M with Carmel Daniele to join the board.
Kuya to raise C$25.5M
Kuya Silver (CSE:KUYA) announced a best-efforts brokered private placement of 15 million units at C$1 for proceeds of $15 million, which was subsequently upsized to $ 25.5 million. Each unit will consist of one share and half a warrant exercisable @ $1.30 for three years. Proceeds will advance the Bethania Ag project in Peru.
Oroco to raise C$15M
Oroco Resource (TSXV:OCO) entered into a bought deal of 39.5M units @ 38c for proceeds of C$15M. Each unit will be comprised of one share and half a warrant exercisable @ 53c for three years. Proceeds will fund PFS drilling at the Santo Tomás Cu project in Mexico.
Norsemont raised US$10.9M
Norsemont Mining (CSE:NOM) closed the second and final tranche of a non-brokered private placement of unsecured convertible debentures for US$10.9M and issued 8.8M warrants with increased support from Crescat Capital and strategic investors. Each unit is comprised of a convertible debenture convertible @ 86c and 802 transferable common share purchase warrants exercisable @ C$1 for three years. The three-year convertible debentures bear interest at 5.25% per annum. Proceeds will be used for exploration and advancement of the Choquelimpie Au-Ag-Cu project in Chile.
Argenta to raise C$10M
Argenta Silver (TSXV:AGAG) entered into a bought deal private placement of 12.5M shares @ 80c for proceeds of C$10M, which was upsized to $17M. Proceeds will be used for the exploration and advancement of the El Quevar Ag project in Salta, Argentina.
Copper Giant to raise C$10M
Copper Giant Resources (TSXV:CGNT) announced a non-brokered private placement of 25M units @ 40c for proceeds of C$10M with a lead order of $2M from Frank Giustra. Each unit will consist of one share and half a warrant exercisable @ 60c for three years.
Precipitate to raise C$6.5M
Precipitate Gold (TSXV:PRG) announced a non-brokered private placement of 59.1M units @ 11c for proceeds of C$6.5M led by prominent and strategic Dominican investors, including one of the Dominican Republic’s largest institutional investors, Guess Investments. Each unit consists of one share and half a warrant exercisable @ 17c for 18 months. Proceeds will be used for exploration across PRGs Dominican mineral property portfolio, including drilling at its Juan de Herrera Au project.
Capitan raised C$6M from Schroders
Capitan Silver (TSXV:CAPT) closed a non-brokered private placement of 3M shares @ C$2.03 for proceeds of $6M with Schroder Investment Management. Proceeds will fund exploration at the Cruz de Plata Ag-Au project in Mexico.
Sonoro raised C$4.9M
Sonoro Gold (TSXV:SGO) closed an oversubscribed, non-brokered private placement of 24.5M units @ 20c for proceeds of C$4.9M. Each unit consists of one share and a warrant exercisable @ 28c for three years. Company insiders subscribed for 2.2M units for $443k. Proceeds will fund the ongoing development of the Cerro Caliche Au project in Sonora, Mexico.
Minera Alamos 10:1 rollback
Minera Alamos (TSXV:MAI) will undertake a 10:1 share rollback. It has 1.1B shares and will reduce these to 108M. The consolidation is expected to be effective on 5 January.
Exploration News
Lithium Argentina (NYSE/TSX:LAR)
Announced preliminary 2025 operational results for the Cauchari-Olaroz Li brine operation in Jujuy, achieving production at the high end of annual guidance and record quarterly production in 4Q25. Full-year 2025 production totaled 34kt LiCO3. In December 2025, Cauchari-Olaroz submitted environmental permit and RIGI applications for an expansion of 45ktpy LiCO3 capacity. A RIGI application for the Pozuelos-Pastos Grandes project is expected to be submitted during 1Q26. LAR said
Alec Meikle has been promoted to president while John Kanellitsas will transition from executive chair to chair.
Argentina Lithium & Energy (TSXV:LIT)
Entered into a MOU with Xi’an Lanshen New Material Technology to establish the framework for Lanshen to deploy its proprietary DLE systems, pilot plant technology, advanced engineering solutions, and project-development expertise to accelerate the advancement of the Rincon West Li brine project in Salta toward FS evaluation of a 5ktpy battery-grade LiCO3 plant, with scalability to 15-20ktpy. The MOU is non-binding and will remain in place for 12 months while the parties progress due diligence and negotiate a collaborative agreement.
Unico Silver (ASX:USL)
Reported assays for 31 holes for 4,782m of drilling at the Joaquin Ag project in Santa Cruz. Infill and extensional drilling at La Negra SE confirmed a broad, shallow zone of oxide Ag-Au mineralisation over 850m strike and 175m vertical extent. Highlights included 107m @ 165g/t AgEq in hole 25. “These results confirm the scale and geometry required for conventional open-pit development and support our decision to move directly to a PFS resource estimate,” said MD Todd Williams.
Daura Gold (TSXV:DGC)
Began IP electrical pole-dipole profiling and gradient array surveys within the Cerro Bayo Au-Ag project in the Deseado Massif in Santa Cruz. DGC is preparing a Phase 1, 1,500m drill program for 1Q26.
Largo (TSX:LGO)
Received a binding term sheet for the potential monetization of 4.5Mt of iron ore calcine material produced as a byproduct and stockpiled over 11 years at its V production at its Maracás Menchen mine in Bahia with potential cash proceeds of US$56M. LGO said there can be no assurance that a final transaction will be completed.
Lavras Gold (TSXV:LGC)
Announced assays from ongoing diamond drilling on the Butiá Au deposit and adjoining Fazenda do Posto Au discovery at the Lavras do Sul project in Rio Grande do Sul. It released 10 holes at Butiá and three at Fazenda that continue to confirm the continuity of the alkaline intrusive-related Au system. Highlights included 190m @ 1.01g/t Au from surface in hole 68 at Butiá. A 20,000m drilling program is planned for 2026. “Broad mineralized intervals containing high-grade shoots continue to build the resource base at Fazenda/Butiá and enhance our understanding of its geological drivers,” said interim CEO & CFO Hemdat Sawh.
Jaguar Mining (TSX:JAG)
Received official approval from the National Mining Agency for the restart of mining and processing operations at its MTL Au Complex in Minas Gerais allowing for the resumption of operations, including underground development, underground mining, and the metallurgical plant.
GoldMining (NYSE-A:GLDG)
Reported assays from 2025 RC drilling at its São Jorge Au project in the Tapajós district of Pará, designed to test new targets outside of the known areas of mineralization at the William South target. Highlights included 12m @ 2.38g/t Au in hole 25. Preliminary processing of IP data indicates drilling at William South has tested the S flank of a broad chargeability anomaly, similar in scale and intensity to the known IP signature of the São Jorge deposit. Drilling over the highest chargeability core of the William South IP anomaly is planned in 2026. “The geology and geophysical signature at William South resembles the São Jorge Au deposit itself based on exploration to date. This work has been encouraging of the potential for this area,” said CEO Alastair Still.
Codelco
Chile’s comptroller approved an agreement between state copper company Codelco and SQM (NYSE:SQM) to operate a Li JV in the Atacama salt flat.
ATEX Resources (TSXV:ATX)
Announced results for hole 25C and partial results for hole 26B, the second hole from the current campaign at the Valeriano Cu-Au project in Atacama Region. Highlights included 54m @ 1.58% Cu & 0.88g/t Au, or 2.5% CuEq within 146m @ 2% CuEq in hole 26B. ATX ssaid logged breccia mineralization in 26B is anticipated to extend the current limits of the B2B Zone by 100m down dip. “Results from initial Phase VI drilling at the B2B Zone are improving our understanding of the high-grade system and confirming potential for growth beyond the 2025 resource estimate,” said president & CEO Ben Pullinger.
Galantas Gold (TSXV:GAL)
Agreed to acquire a 100% interest in the Andacollo Oro Au project in Coquimbo, a past-producing, open pit heap leach operation with existing infrastructure, permits, and historical technical data. It has a historical M&I resource of 2.02Moz consisting of 130Mt @ 0.48g/. GAL will pay US$32M in staged payments with $4.5M on closing, the assumption of $3M in debt, and the issuance of 91.3M shares.
Nobel Resources (TSXV:NBLC)
Mobilised for drilling near-surface targets at its Cuprita Cu project in Antofagasta, where it will be the first company to drill.
Mineros (TSX:MSA)
Produced 222koz Au in 2025.
Aris Mining (TSX:ARIS)
Updated the mineral reserve and resource estimates with for its Segovia operations in Antioquia, with M&I resources increased by 7% to 3.6Moz @ 15.3g/t Au and inferred resources increased by 12% to 2.9Moz. Proven and probable reserves increased by 12% to 1.5Moz @ 10.7g/t. ARIS used a gold price of US$3,200/oz for resources and $2,800/oz for reserves.
Collective Mining (NYSE/TSX:CNL)
Announced assays for ten diamond drill holes at the Guayabales Au project in Caldas, with six at Apollo and four testing greenfield targets that resulted in the discovery of outcropping lower grade porphyry mineralization at Plutus. Highlights included 467.35m @ 1.63g/t AuEq in hole D2 at Apollo that expanded the system SE. At Plutus, a reconnaissance hole hit 127.2m @ 0.41g/t AuEq in hole 8. CNL has completed 155,500m of diamond drilling across Guayabales and San Antonio, including 108,500m at Apollo. It intends to drill 80,000-100,000m in 2026. “These latest results underscore the remarkable scale and continuity of the Apollo system, with strong infill drilling enhancing our internal block model and extending mineralization in key areas. The intersection of the Hanging Wall Vein Zone in a step-out hole and the new porphyry-style discovery at Plutus further highlights the district-scale potential,” said executive chair Ari Sussman.
Soma Gold (TSXV:SOMA)
Signed an agreement to purchase and install a sensor-based sorting facility at its El Bagre Au operation in Antioquia. The project budget is US$2.2M with commissioning targeted for 1H26. A test was intentionally performed on lower-grade feed material to assess the efficacy of sorting material across the range of grades. The data for the combined feed test indicates 55% mass rejection and 95% metallurgical recovery, and the Au grade of the sorted material was upgraded by 62.5%. “Our expectation is that we will experience similar results with material from satellite operations, including formalization targets and small, contractor-operated projects. Sensor-based sorting has the potential to significantly impact our operations by allowing us to increase Au production without adding plant capacity,” said VP operations Mark Bren.
SOMA also received drill permits for the Cu anomaly in the Psyche 2 target area of the Machuca project in Antioquia. Phase 1 drilling will target a cluster of soil samples at the N end of the anomaly.
Orosur Mining (TSXV:OMI)
Announced an exploration update from its Anzá Au project in Antioquia with assays from the final three infill holes at Pepas with highlights of 104.45m @ 5.96g/t Au from surface in hole 73. OMI said resource modelling is underway. And it is planning to begin a FS.
Royal Road Minerals (TSXV:RYR)
Said work is advancing on finalizing drill locations for a drilling program at the Guintar-Aleman-Margaritas (GAM) project in Antioquia. A drone-borne magnetic survey is nearing completion to refine geological interpretation and focus drill-targeting. Initial drill pads have been positioned on surface-exposed porphyry-style vein stockworks located 100m from previous drilling. The program is expected to expand into new, previously undrilled targets within the contiguous Guintar North porphyry area and into sheeted gold veins at El Aleman. “Drilling at GAM is imminent and represents a pivotal moment for the company,” said president & CEO Tim Coughlin.
SANTA BARBARA GOLD SALES AND OPERATIONS UPDATE
Independent Mine Engineer Ken Nipius has conducted acomprehensive audit of the Santa Barbara Mine, resulting in notable improvements in operational performance, a significant reduction in headcount and implementation of professional systems and processes.
Strategic adjustments to mining and batch processing, coupled with an enhanced understanding of process and metallurgy, have been executed to improve grade quality and optimise gold recovery.
In December, batch processing trials from stockpiled ore delivered a 45% improvement in gold recoveries above the average recorded from July to November.
Gold recoveries in December were 70% with the next step being recovery rates greater than 80% over the coming months.
Based on these initiatives December gold sales will be ~A$120,000, based on an average gold selling price of $A5,949 per ounce, with sales likely to increase from here on.
Aguia Resources (ASX:AGR)
Dtreamlined its Santa Barbara Au project in Bolivar by consolidating activities into a single shift and transitioning to batch production that is anticipated to enhance consistency of output and improved Au recovery rates. Mine staffing has been reduced by over 50%, to a single shift with the team improving recoveries whilst maintaining Production.
Silvercorp Metals (TSX:SVM)
Reported a PEA for the Condor Au project that it acquired in July 2024, to produce an average of 114koz/y AuEq for 13 years at an AISC of US$1258/oz net of by-product credits. Over the mine life, it will produce an aggregate of 1.4Moz Au, 5.3Moz Ag, 95.7Mlb Zn & 8.4Mlb Pb. The project will yield an after-tax NPV5 of $522M, an IRR of 29% with a three-year payback following a $292M initial capital investment at base case metal prices of $2,600/oz Au, $31/oz Ag, $1.27/lb Zn & 91c/lb Pb. These improve to $1.6M and 61% at near spot metal prices of $4300/oz Au, $60/oz Ag. The project has an approved environmental impact study and SVM is engaged in the citizens participation process that is expected to take up to four months to complete. An environmental permit for exploitation will be issued after the successful completion of the participation process.
Aura Minerals (NASDAQ:AUGO)
Received a construction license and commenced early works for the development of the Era Dorada Au project that include environmental programs, controlled vegetal suppression, main road detour, internal road access opening, mine dewatering and preparation of platforms to accommodate equipment and temporary facilities. “After extensive dialogue with local authorities and community representatives we obtained the construction license. We have spent so far more than 853 hours establishing ongoing dialogue roundtables with local communities—direct, continuous forums that exemplify our commitment to transparency and inclusion,” said president & CEO Rodrigo Barbosa.
G2 Goldfields (TSX:GTWO)
Issued a PEA for an underground and open pit operation at its Oko Au project in Guyana. The project would produce an average of 228koz/y 14 years at an AISC of US$1191/oz. It would yield an after-tax NPV5 of US$2.6B, an IRR of 39% with a 2.6-year payback at a $3,000/oz Au price following a $664M initial capital investment. These improve to $4.2B, 54% and 2.1 years at $4000/oz. The project would exploit an indicated resource estimated at 15.6Mt @ 3.24gpt containing 1.6Moz, with an additional 1.9Moz in inferred resources. “This PEA places Oko firmly within one of the most attractive development projects globally. … We will be aggressively moving Oko to FS and construction as we continue to explore this emerging gold mining district,” said CEO Daniel Noone.
GTWO also reported 16 other diamond drill holes for 5,997m as it continues to expand high-grade resources at OKO S of existing pit shells, with a highlight of 2.7m @ 39.3g/t in hole 258.
Endeavour Silver (NYSE:EXK)
Produced 6.5Moz Ag & 37koz Au in 2025 and with base metal production, 11.2Moz AgEq.
Heliostar Metals (TSXV:HSTR)
Produced 33koz Au & 81koz Ag in 2025, achieving its production guidance. The company ended 2025 with a cash balance of US$41M and no debt.
Luca Mining (TSXV:LUCA)
Reported underground and surface diamond drilling results from its Tahuehueto Au-Ag mine in Durango that extended high-grade Au mineralization at the Santiago deposit by more than 100m W along strike towards the producing Perdido vein, supporting its interpretation that the Santiago and Perdido veins may represent a single, continuous mineralized structure. Highlights included 2.4m @ 12.2 g/t Au in hole 8. LUCA has expanded drilling at Santiago to further test strike extensions.
Southern Silver Exploration (TSXV:SSV)
Reported assays from four holes in the recently acquired Puro Corazon claim that hit near-surface high-grade Ag mineralization in a replacement zone sitting outside the main Skarn zone and historical workings. Highlights included 10.4m @ 365g/t Ag, 0.1g/t Au, 0.1% Cu, 7.8% Pb and 8.2% Zn for a 743g/t AgEq in hole 205, a 65m step-out. “These latest drill results have successfully demonstrated a significant step-out to previously reported, near-surface, Bonanza-grade Ag mineralization; continuity with previously modelled mineralization in the El Sol deposit; and confirmed deeper intercepts that correlate to the main skarn targe,” said VP exploration Rob Macdonald.
Kingsmen Resources (TSXV:KNG)
Reported assays from three diamond drill holes at its Las Coloradas Ag-Au project in Chihuahua. Hole 12 was the first testing the +1km long Soledad II vein/structure. Highlights included 4.8m @ 90g/t AgEq. “On scale, we have now confirmed significant mineralization in three separate structures-Soledad, Soledad II, and the newly identified No. 8-spanning a distance of 1.5km. … The combination of high-grade intercepts and multiple parallel and sub-parrel mineralized vein/structures is what distinguishes a district-scale system from an isolated vein. Las Coloradas is demonstrating both,” said president & CEO Scott Emerson.
Kootenay Silver (TSXV:KTN)
Announced additional assays from nine drill holes from a 50,000m program at its Columba Ag project in Chihuahua focused on the expansion of the known resource bodies with systematic step-out and extension drilling. testing extensions of known mineralized structures at a nominal 100m spacing. Highlights included 7m @ 186ppm Ag, 0.1% Pb & 3.8% Zn in hole 225 at D vein. “Drill holes are hitting good wide mineralized vein and vein stockwork breccia at some of the deepest depths tested thus far on the D Vein leaving this area wide open to depth. Also impressive is the wide-open expansion potential in the Lupe and B 2 veins,” said president & CEO James McDonald.
Regency Silver (TSXV:RSMX)
Saids hole 26 intersected sulphide-specularite supported breccia in multiple zones across a broad, non-continuous ~240m interval at its Dios Padre Ag mine project in Sonora.
Tocvan Ventures (CSE:TOC)
Began sampling for pilot mine feed at its Gran Pilar project in Sonora and is trenching material at the South Block.
Silverco Mining (TSXV:SICO)
Completed dewatering of the underground workings at Promontorio and has commenced early rehabilitation works as part of its plan to restart production at its Cusi project in Chihuaha. “Promontorio will serve as our initial mine restart area, given its significant existing development infrastructure, and we look forward to delivering the restart study, remaining 2025 drill results,” said CEO Mark Ayranto.
Mithril Silver and Gold (TSXV:MSG)
Said target 3 drilling will commence in the first week of January with 3,300m starting near the El Jabali historical at its Copalquin Au-Ag -silver project in Durango.
J2 Metals (TSXV:JTWO)
Entered into a three-year option with Impact Silver (TSXV:IPT) to acquire the Sierra Plata project in Guerrero that hosts past-producing Ag mines, including El Salto and El Sabino.
Masivo Silver (TSXV:MASS)
Submitted environmental permit applications for exploration at the Cerro Colorado project in Sonora targeting the commencement of Phase 1 drilling in January 2026.
Pinnacle Silver and Gold (TSXV:PINN)
Said the airborne LiDAR survey flown over the El Potrero Au-Ag project in Durango confirmed known structural trends, outlined previously unknown structures, and identified 64 adits, six shafts and 51 prospecting pits, confirming the 1.6km known strike length of the Dos de Mayo vein system.
Mineros (TSX:MSA)
Resolved a tax dispute with the Government of Nicaragua through the payment of US$49.3M in respect of unpaid ad-valorem taxes and related interest for the years 2019 to 2024.
Mako Mining Intersects 18.34 g/t Au over 4.2 m Estimated True Width, 48 m Below Surface, Extending El Golfo Strike Length to 630 m and Announces Receipt of Underground Mining Permit at Las Conchitas
Mako Mining (TSXV:MKO)
Reported additional results from RC and diamond drilling programs at the El Golfo area, S of the Las Conchitas and San Albino Au deposits and mining operations. In 2025, it completed 137 holes for 17,885m to further define high-grade mineralization and to test for extensions of mineralization in areas not previously drill-tested. Drilling confirms the structural continuity of multiple, subparallel Au-bearing quartz veins in an area at least 630m along strike and 305m down-dip. Highlights included 4.4m @ 18.34g/t Au & 22.9g/t Ag in hole 24. MKO also received underground mining permits for Las Conchitas to develop two underground adits, with the ability to mine 150-250tpd for the next six years in addition to our open pit mining operations. “El Golfo is shaping up to be a significant new discovery. High grades over widths similar to or greater than what we have been mining since 2020 are prevalent,” said CEO Akiba Leisman.
Highlander Silver (TSX:HSLV)
Plans to pursue a listing on the NYSE-A as part of its US growth strategy.
Buenaventura (NYSE:BVN)
Produced its first dore bar as part of the commissioning tests at its San Gabriel mine in Moquegua that is on track to reach a processing rate of 2ktpd in 2026. Production guidance for 2026 is 70-80koz Au.
PPX Mining (TSXV:PPX)
Appointed Ernest Mast as president @ CEO, while interim CEO John Thomas will transition into the role of COO. PPX is advancing the Igor Au-Ag project in La Libertad.
Element 29 Resources (TSXV:ECU)
Received environmental certification under a DIA from the Perúvian Ministerio de Energía y Minas for an application for a new drilling permit at its Elida porphyry Cu-Mo-Ag deposit. Drilling at Elida has completed five holes for more than 4,600m of a 7,000m program.
PPX Mining (TSXV:PPX)
Reported results from a 4,300m diamond drilling program at Igor in La Libertad testing Callanquitas East and sulphide veins/breccias. Highlights included 3.15m @ 6.4g/t Au & 384.1g/t Ag in hole 28. “These drill holes further confirm the continuity of the Callanquitas breccia and the tensional sulfide vein, reaffirming the high grade of Ag & Au in this area,” said CEO John Thomas.
DLP Resources (TSXV:DLP)
Completed a 280 line-km aeromagnetic drone survey covering 30 km2 on the Esperanza project on a north-south grid of 200m line spacings and infill line spacings of 100m. The survey defined a characteristic magnetic high surrounded by magnetic lows co-incident with mapped porphyry-related alteration, high-resolution spectral alteration mineral mapping and anomalous Cu & Mo anomalies that were previously identified from rock chip geochemical sampling.
Daura Gold (TSXV:DGC)
Announced surface sampling results from vein extensions in the northern zone of the Antonella project in Ancash adjacent to Highlander Silver (YSX:HSLV) Bonita project. Highlights included 55.83 g/t Au & 220 g/t Ag in a rock chip sample.
Rio Silver (TSXV:RYO)
Confirmed the presence of high-grade Ag mineralization, favorable geological and metallurgical characteristics, and a clear pathway toward near-term development at its Maria Norte Au-Ag-Pb project. Sampling returned up to 6.26g/t Au & 991g/t Ag over 70cm.
Peruvian Metals (TSXV:PER)
Processed a record 37kt of third-party mineral at its 80% owned Aguila Norte processing plant in 2025. The plant was at full capacity during 2025, and expansion plans are being considered. 2026 development programs will include the Mercedes property in which it has a 50% interest.
Gold Reserve (TSXV:GRZ)
Applauded the US actions to bring Venezuelan president Nicholas Maduro to justice. GRZ saw its Brisas development illegally expropriated by the Hugo Chavez government and its Siembra Minera JV illegally expropriated by the Maduro government, which are being illegally mined by narco-terrorist organization Cartel de los Soles. “The Maduro regime has perpetrated horrific crimes against the people of Venezuela, including one of our colleagues, Jose Ignacio Moreno Suarez, who is a political prisoner, currently falsely imprisoned, without trial for two and a half years, and enduring continuous torture and deplorable conditions,” it said.
Paul Harris
Paul has more than twenty years’ experience in the mining sector in investor relations, communications, research and news reporting roles. Paul has 16 years’ experience in the Colombia gold sector including investor relations roles with Continental Gold, Gran Colombia Gold and Mineros.
Paul founded the successful Colombia Gold Symposium in 2016 and has written for industry leading publication Mining Journal since 2015. Previously, Paul spent five years in Chile reporting and researching the copper sector for CRU and Metal Bulletin. Paul received a BA in Business Administration from the University of the West of England, UK; and a MA in International Relations from the University of Chile, Santiago Chile. He is fluent in English and Spanish.
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