Guerrero

The Mining and Exploration News in Mexico; Highlights on the Fifth Week of October 2026

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By Jorge Cirett

During the 44th week of the year (October 26th to November 1st, 2026), 33 companies working in Mexico released press releases. Seven companies reported activities on early-stage projects. Five companies reported quarterly results. One company closed a financing round, another granted stock options, one more announced a dividend, another a change of market and two more attended conferences. Three companies reported drilling results, one announced an incoming PEA, while one presented an exploration update. Eight companies reported on deals and corporate issues. ON MEXICO ISSUES, Elon Musk related companies seem to be looking for rare earths in Sonora. ON EXPLORATION, in Sonora, Zacatecas Silver reported surface assays and received drilling permits at Cúmaro, Algo Grande Copper presented drilling results from Adelita, Tocvan Ventures disclosed trench assay results from Gran Pilar. In Chihuahua, Kingsmen Resources presented drilling results. In Sinaloa, Mercado Minerals announced surface assay results at Zamora. In Durango, Pinnacle Silver and Gold received permit for drilling and disclosed next phase of work at El Potrero, Pacifica Silver reported drilling results from Claudia. ON MINING, Newmont, Alamos Gold, Capstone Copper, Agnico Eagle and Teck Resources reported Q3 Results. ON FINANCING. Barksdale closed a private placement for C$15.7 M. Teck announced a dividend. Regency Silver and Royalties Inc. are to attend conferences. Impact Silver granted stock options. Pacifica Silver is to trade on the OTCQX Best Market. ON RESOURCES AND DEVELOPMENT, Avino Silver & Gold Mines reported drilling results from La Preciosa, Durango. Mithril Silver and Gold presented results from drilling and an update on exploration at Copalquín, Durango. Barksdale Resources commenced work on a PEA for San Javier, Sonora. Luca Mining presented drilling results from Tahuehueto, Durango. ON DEALS AND CORPORATE ISSUES, Empress Royalty and Aztec Minerals presented management and board appointments. Silver Hammer provided a corporate update. Stroud Resources informed on its merger with Silver Hammer. GR Silver presented AGM results. Torex Gold changes name to Torex Resources. Southern Silver Exploration provided a corporate update. ON SOCIAL RESPONSIBILITY, no relevant news.

ON MEXICO ISSUES

  • According to Iris Sánchez Chiu, president of the Mining commission on the Sonora State Congress, Elon Musk might be looking for rare earths supplies in Sonora: Elon Musk in Sonora

ON EXPLORATION

  • Mercado Minerals Expands El Triunfo Vein at Zamora Project with New Surface Results Including 0.60 Metres of 815 g/t Silver and 1.66 g/t Gold, Within 1.55 Metres of 381 g/t Silver and 0.85 g/t Gold: Mercado Minerals (Zamora, Sinaloa)
  • Pinnacle Receives Permit for Surface Drilling Program at El Potrero and Provides Update on Other Permits for Production Restart: Pinnacle Silver and Gold (El Potrero, Durango)
  • Kingsmen Drills 566 g/t AgEq (348 g/t Silver & 0.42 g/t Gold ) Over 2.52 Meters, Including 899g/t AgEq (532 g/t Silver & 0.67g/t Gold) Over 1.25 Meters, at New Leona Zone Discovery on Soledad II, Las Coloradas: Kingsmen Resources (Las Coloradas, Chihuahua)
  • Zacatecas Silver Reports High-Grade Gold and Silver Rock Chip Sampling at Cumaro, Sonora, with Assays up to 40.6 g/t Gold and 253 g/t Silver: Zacatecas Silver (Cúmaro, Sonora)
  • Pacifica Silver Intersects 5.04 m of 8.72 g/t Au and 49 g/t Ag in 500 m Step-Out, Outlining New High-Grade Shoot on Central Vein at Claudia: Pacifica Silver (Claudia, Durango)
  • Algo Grande Copper Makes New Skarn Discovery at Adelita; Step-Out Hole AG-CGPH2-003 Returns a Combined 139.81 Metres of 1.3% CuEq from Cerro Grande and the New Margarita Skarn: Algo Grande Copper (Adelita, Sonora)
  • Pinnacle Prepares Plans for Drilling and Field Work to Follow Up on Polymetallic Discoveries at El Potrero: Pinnacle Silver and Gold (El Potrero, Durango)
  • Tocvan Pilot Mine Trench at Gran Pilar Averages 4.6 g/t Au with Samples up to 24.4 g/t Au; New Zone 1.3 km East Returns up to 234 g/t Ag: Tocvan Ventures (Gran Pilar, Sonora)
  • Zacatecas Silver Receives Drill Permit and Finalizes Maiden Drill Program at Oso Negro, Sonora: Zacatecas Silver (Oso Negro, Sonora)

ON MINING

  • Newmont Reports Third Quarter 2026 Results with Record Third Quarter Adjusted Net Income; Positioned to Achieve Full-Year Guidance; Provides Update on Red Chris Block Cave Project: Newmont (Peñasquito, Sonora)
  • Alamos Gold Reports Third Quarter 2026 Results: Alamos Gold (Mulatos, Sonora)
  • Capstone Copper Reports Third Quarter 2026 Results: Capstone Copper (Cozamin, Zacatecas)
  • Agnico Eagle Reports Third Quarter 2026 Results – Strong Free Cash Flow Generation Driven by Solid Operational Performance; On Track to Achieve 2026 Production and Cost Guidance: Agnico Eagle Mines (Pinos Altos, Chihuahua)
  • Teck Reports Unaudited Third Quarter Results for 2026: Teck Resources (San Nicolás, Zacatecas)

ON FINANCING AND SHARES

  • Regency Silver to Exhibit at the 2026 New Orleans Investment Conference: Regency Silver  (Dios Padre, Sonora)
  • Royalties Inc. Invites Shareholders and Investors to Attend the Munich Mining Conference November 6-7, 2026: Royalties Inc. (disputes Cozamin royalty, Zacatecas)
  • Impact Silver Announces Granto of Stock Options: Impact Silver (Zacualpan, Estado de México)
  • Teck Announces Dividend: San Nicolás, Zacatecas) (San Nicolás, Zacatecas)
  • Barksdale Closes Final Tranche of Private Placement, Bringing Aggregate Gross Proceeds to C$15.7 Million: Barksdale Resources (San Javier, Sonora)
  • Pacifica Silver Announces Upgrade to the OTCQX Best Market: Pacifica Silver (Claudia, Durango)

ON RESOURCES AND DEVELOPMENT

  • Avino Reports High-Grade Silver Intercepts and Wider Mineralized Zones at La Preciosa: Avino Silver & Gold Mines (La Preciosa, Durango)
  • Mithril Silver and Gold September 2026 Quarterly Report: Mithril Silver and Gold (Copalquín Durango)
  • Barksdale Commences Updated PEA for San Javier Copper-Gold Project, Adding Gold for the First Time and Current Consensus Metal Pricing: Barksdale Resources (San Javier, Sonora)
  • Luca Intersects 19 Metres of 6.3 g/t Gold Equivalent from the Creston Vein at Tahuehueto Mine: Luca Mining (Tahuehueto, Durango)
  • Mithril Extends High-Grade Mineralisation to 700 Metres at Copalquin-Zaragoza Structure at Target 4: Mithril Silver and Gold (Durango)

ON DEALS AND CORPORATE ISSUES

  • Empress Appoints Chief Investment Officer and Strengthens Senior Leadership Team: Empress Royalty  (Tahuehueto, Durango)
  • Silver Hammer Provides Exploration and Corporate Update: Silver Hammer Mining (Santo Domingo, Jalisco)
  • Stroud Provides Update on Silver Hammer Transaction: Stroud Resources (Santo Domingo, Jalisco)
  • GR Silver Mining Welcomes Shareholder Support at AGM: GR Silver Mining (Plomosas, Sinaloa)
  • Torex Gold Changes Name to Torex Resources: Torex Resources (Morelos Complex, Guerrero)
  • Southern Silver Provides Corporate Update: Southern Silver Exploration (Cerro Las Minitas, Durango)
  • Aztec Minerals Strengthens Technical Management Team: Aztec Minerals (Cervantes, Sonora)
  • Royalties Inc. Appoints Two Senior Mexican Geologists to Advance the Bilbao Project in Zacatecas: Royalties Inc. (Bilbao, Zacatecas)

ON SOCIAL RESPONSIBILITY

  • No Relevant News

On the image below: Bladed calcite casts on quartz vein in an epithermal system in Sonora. Picture by Jorge Cirett

Mexico’s Best Drilling Intercepts, Fourth Week of October 2026

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Four companies company released results from drilling projects in Mexico during the week.

Heliostar Metals presented results from resource infill drilling at the High Grade Panel and down-dip exploration drilling at the Expansion Zone on its Ana Paula project in Guerrero. “A total of 122 holes and 35,121 metres have been completed at the deposit….” as part of the program to support the upcoming feasibility study (FS) and to explore down-plunge mineralization below the scope of the PEA mine plan. The company geologists interpret the mineralization at Ana Paula to represent a shallower part of a system where the main potential is associated to the contact skarn alteration of a deeper intrusive body, as in the multi-million ounces deposits at the Morelos Complex and Los Filos within the Guerrero Gold Belt. In that light the favorable intercepts below the Expansion Zone represent a good omen for a deeper concealed target.

Capitan Silver reported results from 22 diamond holes part of the 60,000 m drill program at its Cruz de Plata project in Durango. The company suggests a newly discovered event of silver-rich carbonate replacement mineralization is overprinting the intermediate sulfidation epithermal mineralization of the Jesús María Trend. Additionally, Capitan Silver identifies the adjacent Capitan Hill low sulfidation mineralization as a distal oxide gold deposit.

Axo Metals announced drilling results from its San Antonio project in Sonora. The company reported results from 33 holes, approximately 3,700 m of drilling, from the Luz del Cobre target, the Gap Zone between Luz del Cobre and the Sapuchi resource and testing on the Sapuchi deposit periphery. The San Antonio project is part of a large iron oxide copper gold system (IOCG) with a complex pre and post mineralization structural history that first focus and then displaces separate gold, copper and silver occurrences in a district more than 100 square km in size.

Minaurum Silver reported drilling results from the (Africa (new discovery), Europa Sur, Quintera, Promontorio Sur and San José veins at its Alamos Silver project in Sonora. The expansion drill program is focused on growing the current 55 M Oz AgEq inferred resource on this intermediate sulfidation epithermal system.

#Mexico #Mining #Exploration #Drilling #Gold #Silver #Copper #Lead #Zinc

#Mexico #Mining #Exploration #Drilling #Gold #Silver #Copper #Lead #Zinc

Mexico’s Best Lead and Zinc Drilling Intercepts, Third Quarter 2026

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Nineteen companies released lead and/or zinc results from drilling programs in Mexico during the third quarter of 2026. Sothern Silver Exploration’s Cerro Las Minitas advanced project in Durango produced the best lead results from carbonate replacement mineralization, with 35 m grading 4.9% Pb, whereas Luca Mining´s Campo Morado volcanogenic massive sulfides mine sourced the best zinc intercept with 183.7 m grading 1.7% Zn. In 2025 Mexico produced 412,000 tonnes of zinc and 172,000 tonnes of lead, a two to one ratio that can be gleaned from the percentage-meter numbers from the table below.

Twelve of the nineteen properties present intermediate sulfidation epithermal mineralization, including Don David, Las Coloradas, Tahuehueto, Copalito, San Marcial, San Acacio, Gavilanes, Cruz de Plata, Columba, Alamos Silver, Cusi and Zacatecas Silver. Copalquín presents mainly low sulfidation epithermal mineralization, but the zinc rich intercept is of a more restricted intermediate sulfidation mineralization. Cosalá, La Parrilla and La Unión present mainly carbonate replacement mineralization (CRD style). Finally, Adelita is a skarn distal to a porphyry copper system.

The Mining and Exploration News in Mexico; Highlights on the Third Week of October 2026

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By Jorge Cirett

During the 42nd week of the year (October 12th to October 18th, 2026), 20 companies working in Mexico released press releases. No companies reported activities on early-stage projects. Six companies reported quarterly results and one restarted milling operations. Two companies closed financing rounds, one other completed subscription financing and two more attended conferences. One company reported drilling results, another one received environmental permits, and one more provided an exploration update. Four companies reported on deals and corporate issues. ON MEXICO ISSUES, no relevant news. ON EXPLORATION, no relevant news. ON MINING, Endeavour Silver restored mill operations at Guanceví, in Durango. Luca Mining, Mining Americas, Luca Mining, Equinox Gold, GoGold Resources and Guanajuato Silver Company reported Q3 Results. ON FINANCING. Silver Tiger Metals closed a C$100 M bought deal financing. Luca Mining completed a C$211 M subscription receipt financing. Vortex Metals closed the second tranche of a non-brokered private placement for C$600 K. ON RESOURCES AND DEVELOPMENT, Impact Silver elaborates on a gold mining opportunity and updates on exploration at Plomosas, in Chihuahua. Heliostar Metals submitted environmental permits for Ana Paula, in Guerrero. Silverco Mining reported drilling results from Cusi, in Chihuahua. ON DEALS AND CORPORATE ISSUES, First Majestic Silver announced a probable settlement agreement with Mexico on NAFTA arbitration proceedings. Goldgroup completed its strategic investment in Luca Mining. Xali Gold made an appointment to the board. ON SOCIAL RESPONSIBILITY, Americas Gold and Silver published its corporate sustainability report and established its baseline GHG.

ON MEXICO ISSUES

  • No Relevant News.

ON EXPLORATION

  • No Relevant News.

ON MINING

  • Luca Reports Q3 2026 Production Results: Luca Mining  (Campo Morado, Guerrero)
  • Mining Americas Reports Third Quarter 2026 Gold Production and Provides Notice of Third Quarter Results and Conference Call: Mining Americas (Cerro de Oro, Zacatecas)
  • Equinox Gold Reports Q3 Production Results Following Transformational Combination with Orla; Expanded Canadian Production Platform Positioned for Strong Finish to 2026: Equinox Gold (Camino rojo, Zacatecas)
  • Endeavour Silver Restores Guanaceví Mill to Full Capacity Following Trunnion Replacement: Endeavour Silver (Guanaceví, Durango)
  • GoGold Announces 2026 Annual Production: GoGold Resources (Parral tailings, Chihuahua)
  • Guanajuato Silver Provides Q3 2026 Production Results: Guanajuato Silver Company (El Cubo, Guanajuato)
  • Avino Announces Q3 2026 Production Results: Avino Silver & Gold Mines (Avino and La Preciosa, Durango)

ON FINANCING AND SHARES

  • Silver Tiger Announces Closing of C$100,050,000 Bought Deal Financing Including Full Exercise of the Over-allotment Option: Silver Tiger Metals  (El Tigre, Sonora)
  • Luca Mining Completes C$211 Million Subscription Receipt Financings in Connection with the Proposed Acquisition of Capstone Copper’s Cozamin Mine: Luca Mining (Cozamin, Zacatecas)
  • Vortex Metals Attends the 26th Munich Equity Investment Conference: Vortex Metals (Riqueza Marina, Oaxaca)
  • Vortex Metals Closes Second Tranche of Non-Brokered Private Placement: Vortex Metals
  • Regency Silver to Present at the Centurion One Capital 4th Annual Bahamas Summit: Regency Silver (Dios Padre, Sonora)

ON RESOURCES AND DEVELOPMENT

  • Impact Silver Outlines Capire Gold Opportunity and Plomosas Operating and Exploration Update: Impact Silver  (Plomosas, Chihuahua)
  • Heliostar Submits Environmental Permit Applications for Ana Paula: Heliostar Metals (Ana Paula, Guerrero)
  • Silverco Mining Intercepts 1,280 g/t Silver over 3.35 Metres True Width at Its 100%-Owned Cusi Mine in Chihuahua, Mexico: Silverco Mining (Cusi, Chihuahua)

ON DEALS AND CORPORATE ISSUES

  • First Majestic Announces Temporary Suspension of NAFTA Arbitration Proceedings as Settlement Framework Agreed to with Mexico: First Majestic Silver  (San Dimas, Durango)
  • Goldgroup Completes Strategic Investment in Luca Mining: Goldgroup Mining (San Francisco, Sonora)
  • Xali Gold Appoints Susan Mitchell as Senior Financial Advisor: Xali Gold (El Oro, Estado de México

ON SOCIAL RESPONSIBILITY

Americas Gold and Silver Publishes Inaugural Corporate Sustainability Report and Establishes GHG Baseline: Americas Gold and Silver (Cosalá, Sinaloa)

On the image below: Shear zone on intrusive rocks in northern Sonora. Picture by Jorge Cirett

Mexico’s Best Silver Drilling Intercepts, Third Quarter 2026

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Thirty companies released silver results from drilling programs in Mexico during the third quarter of 2026. Coeur Mining produced the highest silver intercept at its Palmarejo property in Chihuahua, with 11.48 m grading 1,250 gpt Ag, including 5.31 m of 2,154 gpt Ag. The results are from resource drilling on the Main Mine Trend and exploration on the Eastern District. “Recent results support the potential of the Eastern District to become a significant new mining front at Palmarejo, both in the medium-term near the Main Mine Trend (Independencia Sur), and longer-term at San Miguel and La Unión…” Mineralization at Palmarejo presents characteristics of low sulfidation epithermal systems.

Three quarters of the projects in this table correspond either to intermediate or low sulfidation epithermal mineralization systems. The more numerous are those of intermediate sulfidation affinity, including Cusi, El Tigre, Gavilanes, Columba, Alamos Silver, Cruz de Plata, Don David, San Marcial, San Acacio, Copalito, Gran Pilar (distal to a porphyry copper system), Las Coloradas, Zacatecas Silver and Tahuehueto. Low sulfidation epithermal systems in the list comprise, besides Palmarejo, Las Chispas, Copalquín, San Dimas, Claudia, Potrero, La Virginia and Cerro Caliche. 

The Morelos Complex, Cerro Las Minitas, La Parrilla, Cosalá and Cerro Las Minitas present skarn and/or carbonate replacement (CRD) mineralization styles, while La Parrill adds intermediate sulfidation epithermal mineralization to that mix and Adelita is a skarn distal to porphyry copper style intrusions. Campo Morado is the only volcanogenic massive sulfides (VMS) property in the table and Santo Tomás is the sole porphyry copper deposit.

Most of the drilling activity in the quarter was in the north and northwest of the country. By State, Durango has nine entries in the table, Sonora eight, Chihuahua and Sinaloa four each. Guerrero and Zacatecas two each and Oaxaca one.