Los Lirios Exploration and Development Update

EV Resources (ASX:EVR) completed drill permitting (up to 50 holes) at Los Lirios, with drilling to start mid-January 2026. Tecomatlán plant due diligence positive; Phase 1 engineering nears completion. Fully funded after closing placement; first assays mid-December. On track for antimony production mid-2026.

Torex Gold Reports Promising Drill Results from Media Luna West

Torex Gold Resources (TSX: TXG) reported strong 2025 drilling at Media Luna West (Morelos Complex, Mexico), defining a 400×300 m high-grade zone near Media Luna. Highlights: 17.79 gpt AuEq over 12.9 m and 12.25 gpt AuEq over 11.0 m. An inaugural Inferred Resource is expected in March 2026; remains open north and south.

Southern Silver Intersects 10.5 metres averaging 1,115g/t AgEq at Cerro Las Minitas Project in Durango, México

Southern Silver Exploration (TSXV: SSV) announced bonanza-grade silver intercepts from the first drill holes on its newly acquired Puro Corazon claim at the Cerro Las Minitas project in Mexico. Ten of 21 planned holes (4,000 m) are complete with several additional thick sulphide intercepts logged and assays pending. Underground channel sampling has begun, with results to support an updated mineral resource estimate and new PEA expected in Q1 2026.

Mithril Gives Exploration Update Including Channel Sample Results up to 4,520 g/t Silver, and 38.2 g/t Gold as Expansion of the District Continues at Copalquin, Mexico

Mithril Silver and Gold (TSXV:MSG) reported high-grade channel samples across Copalquin District, Mexico: highlights include 0.60 m @ 38.3 g/t Au + 4,520 g/t Ag (Target 5), 0.50 m @ 16.8 g/t Au + 625 g/t Ag (Target 1 West), and 0.65 m @ 16.0 g/t Au + 284 g/t Ag (Target 3). Drilling expands Target 1 West and Target 5; Target 3 drilling starts Jan 2026. 25,000 m drill program planned for H1 2026.

Axo Copper Announces Acquisition of Past Producing San Antonio Gold Project from Osisko Development

Axo Copper (TSXV:AXO) is acquiring the San Antonio Gold Project (Sonora, Mexico) from Osisko Development. The past-producing project hosts 576 koz Au Indicated (1.20 g/t) and 544 koz Au Inferred (1.02 g/t) in open-pittable oxides/transition/sulphides, with full infrastructure. Consideration: shares giving Osisko 9.99% and OR Royalties 4.99% of Axo, plus contingent payments and an amended 7.15% Au/Ag stream (30% of spot). Closing expected Q4 2025.

Pinnacle Flies LiDAR Survey at El Potrero

Pinnacle Silver and Gold Corp. (TSXV:PINN) has completed a high-resolution airborne LiDAR and aerial photography survey over its entire 11 km² El Potrero high-grade gold-silver project in Durango, Mexico. The survey will reveal hidden structures, veins, and historic workings beneath vegetation to guide upcoming drilling and fast-track the low-capex restart of the past-producing project near four operating mines. Results expected mid-December.

Guanajuato Silver To Acquire Bolanitos Gold-Silver Mine in Mexico

Guanajuato Silver (GSilver) is acquiring Endeavour Silver’s Bolanitos mine in Guanajuato, Mexico for up to US$50M (US$40M upfront + US$10M contingent). Bolanitos, producing ~2.5M AgEq oz in 2024, becomes GSilver’s 5th mine, integrating San Ignacio for cost savings and adding Cebada project. Deal closes January 2026.

Diamond Drilling Recommences at the Yoquivo Silver-Gold Project in Mexico

Advance Metals (ASX:AVM) has recommenced diamond drilling at its 100% owned high-grade Yoquivo Silver-Gold Project in Chihuahua, Mexico. The fully funded ~3,000m program targets depth and lateral extensions to the existing 17.23Moz AgEq (570 g/t) Foreign Estimate at Pertenencia, plus new high-grade regional veins (up to 1,594 g/t AgEq at surface). Drilling continues into early 2026, supported by historic core resampling, to deliver an upgraded JORC resource.

Americas Gold and Silver Closes US$132.25 Million Bought Deal Financing

Americas Gold and Silver closed an oversubscribed US$132.25M bought deal financing, issuing 33M shares at US$4.00 each. Proceeds will fund the acquisition of Crescent Silver Mine (Idaho) and related capex. CEO notes strong institutional support, early Galena hoist upgrade enabling a 21-day December pause, and a fully-funded, robust 2026 outlook.

Guanajuato Silver Provides Corporate Update

Guanajuato Silver is optimizing operations ahead of Bolanitos acquisition (expected Jan 2026): temporarily closing Cata mill, rerouting Valenciana ore to El Cubo, aiming for higher plant utilization and lower costs. Court ruled subsidiary owes NucTech ~US$10.3M in equipment dispute; company will appeal, staying payment.

Fortune Bay Appoints Patrick McGrath as Chief Financial Officer

Fortune Bay Corp. (TSXV: FOR) announced the appointment of Patrick McGrath as Chief Financial Officer, effective immediately. Mr. McGrath, a CPA with over 25 years of resource-sector finance and leadership experience, succeeds Sarah Oliver, who served as CFO since 2016 and will assist with the transition.

Minaurum Gold Inc. Announces Upsize in Best Efforts Private Placement to C$20.0M

Minaurum Gold (TSXV:MGG) has upsized its previously announced private placement to up to C$20M, offering 55.56M units at C$0.36 (each: 1 share + ½ warrant @ C$0.50, 24 months), with an option for another C$5M. Proceeds fund Phase II drilling at the Alamos silver project and working capital. Closing ~Dec 11, 2025.

Orla Mining Announces Inaugural Dividend and Quarterly Dividend Program

Orla Mining Ltd. (TSX:OLA, NYSE:ORLA) declared its inaugural quarterly dividend of US$0.015 per share (US$0.06 annualized), payable February 10, 2026 (record date January 12). The policy reflects strong finances and commitment to shareholder returns while funding growth, including the South Railroad Project. Yield ~0.45% at US$13.35/share.

Silver Spruce Announces Non-brokered Financing of up to $1,000,000

Silver Spruce Resources (TSXV:SSE) announced a non-brokered private placement of up to 10M units at $0.10 ($1M gross), each with one share and one 3-year warrant at $0.15. Proceeds will fund exploration on its Jackie, Pino de Plata, and Melchett Lake projects plus working capital. Closing by Dec 31, 2025.

First Majestic Launches Offering of Convertible Senior Notes

First Majestic Silver Corp. (NYSE:AG, TSX:AG) is privately placing US$300 million (optionally up to US$345 million) of unsecured convertible senior notes due 2031. Net proceeds will partially repurchase its existing 2027 convertible notes and fund general corporate/strategic purposes. The notes are unregistered and sold under exemptions in the US and Canada.

Mobile View

Los Lirios Exploration and Development Update

EV Resources (ASX:EVR) completed drill permitting (up to 50 holes) at Los Lirios, with drilling to start mid-January 2026. Tecomatlán plant due diligence positive; Phase 1 engineering nears completion. Fully funded after closing placement; first assays mid-December. On track for antimony production mid-2026.

Torex Gold Reports Promising Drill Results from Media Luna West

Torex Gold Resources (TSX: TXG) reported strong 2025 drilling at Media Luna West (Morelos Complex, Mexico), defining a 400×300 m high-grade zone near Media Luna. Highlights: 17.79 gpt AuEq over 12.9 m and 12.25 gpt AuEq over 11.0 m. An inaugural Inferred Resource is expected in March 2026; remains open north and south.

Southern Silver Intersects 10.5 metres averaging 1,115g/t AgEq at Cerro Las Minitas Project in Durango, México

Southern Silver Exploration (TSXV: SSV) announced bonanza-grade silver intercepts from the first drill holes on its newly acquired Puro Corazon claim at the Cerro Las Minitas project in Mexico. Ten of 21 planned holes (4,000 m) are complete with several additional thick sulphide intercepts logged and assays pending. Underground channel sampling has begun, with results to support an updated mineral resource estimate and new PEA expected in Q1 2026.

Mithril Gives Exploration Update Including Channel Sample Results up to 4,520 g/t Silver, and 38.2 g/t Gold as Expansion of the District Continues at Copalquin, Mexico

Mithril Silver and Gold (TSXV:MSG) reported high-grade channel samples across Copalquin District, Mexico: highlights include 0.60 m @ 38.3 g/t Au + 4,520 g/t Ag (Target 5), 0.50 m @ 16.8 g/t Au + 625 g/t Ag (Target 1 West), and 0.65 m @ 16.0 g/t Au + 284 g/t Ag (Target 3). Drilling expands Target 1 West and Target 5; Target 3 drilling starts Jan 2026. 25,000 m drill program planned for H1 2026.

Americas Gold and Silver Closes US$132.25 Million Bought Deal Financing

Americas Gold and Silver closed an oversubscribed US$132.25M bought deal financing, issuing 33M shares at US$4.00 each. Proceeds will fund the acquisition of Crescent Silver Mine (Idaho) and related capex. CEO notes strong institutional support, early Galena hoist upgrade enabling a 21-day December pause, and a fully-funded, robust 2026 outlook.

Guanajuato Silver Provides Corporate Update

Guanajuato Silver is optimizing operations ahead of Bolanitos acquisition (expected Jan 2026): temporarily closing Cata mill, rerouting Valenciana ore to El Cubo, aiming for higher plant utilization and lower costs. Court ruled subsidiary owes NucTech ~US$10.3M in equipment dispute; company will appeal, staying payment.

Fortune Bay Appoints Patrick McGrath as Chief Financial Officer

Fortune Bay Corp. (TSXV: FOR) announced the appointment of Patrick McGrath as Chief Financial Officer, effective immediately. Mr. McGrath, a CPA with over 25 years of resource-sector finance and leadership experience, succeeds Sarah Oliver, who served as CFO since 2016 and will assist with the transition.

Minaurum Gold Inc. Announces Upsize in Best Efforts Private Placement to C$20.0M

Minaurum Gold (TSXV:MGG) has upsized its previously announced private placement to up to C$20M, offering 55.56M units at C$0.36 (each: 1 share + ½ warrant @ C$0.50, 24 months), with an option for another C$5M. Proceeds fund Phase II drilling at the Alamos silver project and working capital. Closing ~Dec 11, 2025.

Our company BYLSA DRILLING provides drilling services in a variety of environments, ranging from typical exploration sites to extreme topographic conditions, always with the highest quality and safety standards.

End of Mobile View Section