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The Mining and Exploration News in Mexico; Highlights on the Fourth Week of July 2026
By Jorge Cirett
During the 30th week of the year (July 20th to July 26th, 2026), 22 companies working in Mexico posted press releases. Two companies presented activities on early-stage work. Six companies presented quarterly reports. One company closed a bought deal financing, another one began trading on the Canadian Securities Exchange, and a further one announced a dividend. Four companies presented drilling results from advanced properties. Two companies completed their merger, another company acquired two other companies, shareholders of two companies approved their merger, one more presented AGM results and a further one announced its expansion plans. ON MEXICO ISSUES, no relevant news. ON EXPLORATION, In Sonora, Tocvan Ventures presented drilling results from Gran Pilar. In Chihuahua, Kingsmen Resources delivered results from drilling at Las Coloradas. ON MINING, Luca Mining, Altius Minerals, Avino Silver & Gold Mines, Americas Gold and Silver, Teck Resources and Newmont presented quarterly releases. ON FINANCING. Altius Minerals closed a C$181.5 M bought deal public offering. Centenario Gold commenced trading on the Canadian Securities Exchange. Teck Resources announced a dividend. ON RESOURCES AND DEVELOPMENT, Coeur Mining provided an exploration update for Palmarejo, in Chihuahua, and Las Chispas, in Sonora. Silver Storm presented results from drilling at La Parrilla, in Durango. Silver Viper released results from drilling the El Rubí zone at La Virginia, in Sonora. Defiance Silver posted drilling assays from the San Acacio deposit, at its Zacatecas Silver project in Zacatecas. ON DEALS AND CORPORATE ISSUES, Mexican Gold Mining and Alcon Silver completed the arrangement to create Platuro Metals. Canasil Resources announced results from its AGM. Orla Mining and Equinox Gold shareholders approved their merger. Goldgroup Mining presented its growth strategy. ON SOCIAL RESPONSIBILITY, no relevant news.
ON MEXICO ISSUES
- No Relevant News
ON EXPLORATION
- Kingsmen Extends High-Grade Soledad System at Depth, with a 1.4m intercept of 641 g/t silver equivalent, confirming continuity over 135 meters of vertical depth at its Las Coloradas silver project, Chihuahua, Mexico: Kingsmen Resources (Las Coloradas, Chihuahua)
- Tocvan Discovers New High Grade at Surface Silver-Gold Zone 900 m East of Pilot Plant Facility at Gran Pilar Project: Tocvan Ventures (Gran Pilar, Sonora)
ON MINING
- Luca Reports Q2 2026 Production Results: Luca Mining (Campo Morado, Guerrero)
- Altius Reports Q2 2026 Expected Record Attributable Revenue: Altius Minerals (royalty on Cuale, Jalisco)
- Avino Announces Q2 2026 Production Results Avino Silver & Gold Mines (Avino and La Preciosa, Durango)
- Americas Gold and Silver Corporation Announces Second Quarter Production: Americas Gold and Silver (Cosalá, Sinaloa)
- Teck Reports Unaudited Second Quarter Results for 2026: Teck Resources (San Nicolás, Zacatecas)
- Newmont Reports Robust Second Quarter 2026 Results; Remains on Track to Achieve Full Year Guidance: Newmont (Peñasquito, Zacateca)
ON FINANCING
- Altius Minerals Corporation Closes C$181.5 Million “Bought Deal” Public Offering of Common Shares: Altius Minerals (royalty on Cuale, Jalisco)
- Centenario Gold Corp. to commence Trading on the Canadian Securities Exchange: Centenario Gold (Los Reyes, Chihuahua)
- Teck Announces Dividend: Teck Resources (San Nicolás, Zacatecas)
ON RESOURCES AND DEVELOPMENT
- Coeur Provides Exploration Update for Palmarejo and Las Chispas: Coeur Mining (Palmarejo, Chihuahua; Las Chispas, Sonora)
- Silver Storm Drills 661 g/t Ag.Eq(1,2) Over 3.7 m and 328 g/t Ag.Eq Over 15.4 m at San Marcos Silver Storm Mining (La Parrilla, Durango)
- Silver Viper Receives Additional Infill Drilling Results from the Program at The El Rubi Zone, La Virginia Project in Sonora, Mexico: Silver Viper (La Virginia, Sonora)
- Defiance Silver Drilling Returns up to 1,470 g/t Ag from San Acacio Diamond Drill Program: Defiance Silver (Zacatecas Silver, Zacatecas)
ON DEALS AND CORPORATE ISSUES
- Mexican Gold Mining Corp. and Alcon Silver Corp. Complete Arrangement to Create Platuro Metals Corp., a Diversified Precious Metals Exploration Company: Mexican Gold Mining (Las Minas, Veracruz)
- Silver Hammer Announces Acquisitions of Stroud Resources and Silver Mark Resources and Brokered Financing, Eric Sprott to Become Cornerstone Shareholder Silver Hammer-Stroud Resources-Silver Mark Resources (San Diego, Jalisco)
- Canasil Resources Inc. Announces Results of Annual General and Special Meeting: Canasil Resources (La Esperanza, Durango-Zacatecas)
- Orla Shareholders Overwhelmingly Approve Business Combination with Equinox Gold: Orla Mining (Camino Rojo, Zacatecas)
- Equinox Gold Shareholders Approve Business Combination with Orla Mining: Equinox Gold (Los Filos, Guerrero)
- Goldgroup Accelerates Growth Strategy Following Transformational Merger; Company Announces Multi-Asset Drill Programs, Mine Development and Expansion Plans: Goldgroup Mining (San Francisco, Sonora)
ON SOCIAL RESPONSIBILITY
- No Relevant News
On the image below: Strong chlorite alteration and quartz veining in volcanosedimentary rocks, HQ core. Picture by Jorge Cirett
Mexico’s Best Drilling Intercepts, Fourth Week of July 2026
Five companies announced results from diamond drilling campaigns at five properties in Mexico during the week.
Coeur Mining updated on its exploration activities at the Palamrejo mine, in Chihuahua, and Las Chispas mine, in Sonora. “At Palmarejo, the exploration program continues to focus on accelerating the Eastern District resource growth and building resources along the Main Trend.” At Las Chispas, “The previously underxplored Gap Zone between the Babicanora and Las Chispas Blocks continues to emerge as a key growth corridor…” Both properties present low sulfidation epithermal mineralization.
Silver Viper Minerals announced drill results from nine infill holes from El Rubi deposit at its La Virgina project in Sonora. Mineralization at the property presents characteristics of low sulfidation epithermal systems, locally displaying more intermediate sulfidation affinity.
Defiance Silver provided an update on current drilling at the Zacatecas project, in Zacatecas. The results come from the San Acacio zone and are part of the campaign to produce an upcoming mineral resource estimate (MRE). The project displays intermediate sulfidation epithermal mineralization.
Silver Storm Mining announced drill results from the San Marcos zone at La Parrilla mine in Durango. “The San Marcos zone is comprised of quartz-carbonate vein mineralization, striking north-northwest and dipping 60 degrees to the northeast, hosted within a fault zone marking the eastern contact of the granodiorite stock. The zone has a known strike length of approximately 650 m and a thickness of up to 17 m, with mineralization extending vertically for 450 m. The system at La Parrilla presents characteristics of skarn, carbonate replacement deposits (CRD) and intermediate sulfidation epithermal mineralization.
Kingsmen Resources reported the first assays from drilling at Las Coloradas property in Chihuahua. “The Las Coloradas Project (8.5 km² – 3.3 sq. miles) represents a consolidation of a historic mining district which covers numerous silver-gold-lead-zinc-copper mines previously exploited by ASARCO (American Smelting and Refining Company), the U.S.-based subsidiary of Grupo Mexico”. Mineralization at the site presents characteristics of intermediate sulfidation epithermal systems.
#Mexico #Mining #Exploration #Drilling #Gold #Silver #Lead #Zinc
