Est. 2026

The Silver Letter

Silver & Precious Metals · Free Daily Briefing

Navigation

Silver company announcements and precious metals intelligence, delivered free every day.

Subscribe Free
Today's Pick
Today’s Pick1h ago

Silvercorp Announces Project Update for El Domo

(TSX:SVM) Silvercorp Metals Inc. announced an updated construction budget for the El Domo Project, now set at $298.2 million, which is an increase of $14.6 million from the previous $283.6 million estimate dated February 4, 2026. The 2021 Feasibility Study Budget for the project was $248 million. The budget increase is attributed to several factors, including the elimination of diesel subsidies in Ecuador, which raised diesel prices from under $3/gallon in December 2024 to $5.64/gallon in October 2026, resulting in a $2.7/gallon increase. This led to a fuel adjustment of $3.6 million for Package #1 and $4.7 million for Package #2, totaling $8.3 million for remaining construction. Enhancement work for water management infrastructure due to heavy rainfall added $3.5 million, plus $1.2 million in site cleaning costs, for a total of $4.7 million to the Package #1 TSF budget. Equipment and facilities for site power supply increased by $2.4 million due to additional demand for power cables and distribution facilities. Construction on the processing plant saw a $3.7 million increase based on actual bill of quantities in the Package #3 contract. New items, including two cofferdams, pipes beneath the TSF Starter Dam, and cemented roadside ditches, added close to $2 million to the Package #1 TSF budget. Two new Reactive Power Compensators (SVG) are estimated at $2 million, with other power supply items at $1.3 million, totaling $3.3 million. Savings of $9.8 million were achieved by using rocks from site preparation for haul road construction ($1.8 million), eliminating the West Non-contact Water Channel ($1.5 million), reducing permanent camp size ($0.7 million), and reducing contingency ($2.7 million). Due to extended rainfall from Super El Nino, the El Domo completion date is expected to be delayed by four months, with production now scheduled for November 1, 2027. As of September 30, 2026, total actual expenditures were $84.6 million, with $213.6 million remaining. The mining contract for Package #2 was awarded to China Railway 19th Bureau Group Co., Ltd. (CRCC 19) on a unit cost basis, valued at $35 million. Foundations for the fine ore bin were 92% complete, 45% for the grinding & flotation plant, 21% for the thickener, 86% for the dewatering plant, 75% for the warehouse, and 35% for the oil depot. Buildings were 78% and 46% complete for the lab and office, respectively. Most equipment has been ordered with an approximate 30% down payment of $10.6 million. Construction of the powerline has been delayed due to additional reviews and approvals required from CNEL, but 10 generator sets with 17 MW capacity are ready to be shipped to site. The El Domo Project is located in Ecuador. Silvercorp Metals Inc. also operates in China, United States, and Bolivia.

Silver Signals
Silver Company News
2h ago

Pantera Silver Announces Resumption of Trading on the TSX Venture Exchange

(TSXV:PNTR) Pantera Silver Corp. announced that the TSX Venture Exchange has reinstated trading in the Company's common shares. Trading in Pantera Silver Corp.'s shares will resume at market open on Thursday, November 5, 2026. This reinstatement follows the Company's news releases dated October 6, 2026 and October 20, 2026. Pantera Silver Corp. has filed its audited annual financial statements for the year ended May 31, 2026, along with the related management's discussion and analysis and CEO and CFO certifications. On October 13, 2026, the British Columbia Securities Commission revoked the cease trade order it had previously issued against the Company. Jay Roberge, President and CEO, thanked shareholders for their patience and stated that with filings complete and trading restored, the Company's focus is back on advancing the Rakanco Silver District in Bolivia. The Company intends to provide updates on its exploration program in the near term. Pantera Silver Corp. is focused on mineral exploration and development, specifically advancing and acquiring high-quality silver projects. The Company emphasizes responsible exploration, strong community partnerships, and sound environmental practices. Pantera Silver Corp. aims to discover and advance mineral resources that create lasting value for shareholders and local communities while contributing to the global demand for responsibly sourced critical and industrial metals.

Silver Company News
9h ago

Galleon Gold Announces Closing of Upsized $30M Bought Deal Private Placement, Including Full Exercise of Over-Allotment Option, and Concurrent $7M Non-Brokered Private Placement

(TSXV:GGO) (FSE:3H90) Galleon Gold Corp. has closed its previously announced and upsized "bought deal" private placement, including the full exercise of the over-allotment option, for aggregate gross proceeds of approximately $30 million. Under the Bought Deal Offering, the company issued 4,717,000 flow-through common shares at a price of $1.59 per share for gross proceeds of approximately $7.5 million, and 20,089,271 hard dollar common shares at a price of $1.12 per share for gross proceeds of approximately $22.5 million, which includes 2,678,571 shares issued under the over-allotment option for gross proceeds of approximately $3 million. Galleon Gold also closed a concurrent non-brokered private placement to Pan American Silver Corp. of 6,250,000 common shares at $1.12 per share for gross proceeds of $7 million. The gross proceeds from the sale of flow-through shares will be used to incur Canadian exploration expenses qualifying as flow-through mining expenditures and eligible for the Ontario focused flow-through share tax credit on the West Cache Gold Project in Timmins, Ontario. These expenditures will be renounced to initial purchasers of the flow-through shares with an effective date no later than December 31, 2026, and will be incurred no later than December 31, 2027. Net proceeds from the sale of hard dollar shares and the non-brokered offering will be used for advancement of the West Cache Gold Project and for working capital and general corporate purposes. The Bought Deal Offering was completed by a syndicate of underwriters led by ATB Cormark Capital Markets as lead underwriter and sole bookrunner, and including Stifel Nicolaus Canada Inc. The underwriters received a cash commission equal to 6.0% of the gross proceeds of the Bought Deal Offering, including the over-allotment option proceeds. No commission was paid in connection with the Non-Brokered Offering. The offerings remain subject to final acceptance of the TSX Venture Exchange. The flow-through shares and 1,898,771 hard dollar shares were issued to purchasers in Canada under prospectus exemptions and are not subject to a hold period under Canadian securities laws. The remaining hard dollar shares were issued on a private placement basis in the United States and certain other jurisdictions, and are not subject to a hold period under Canadian securities laws, but shares issued in the United States are "restricted securities" under Rule 144 of the U.S. Securities Act. Common shares issued to insiders under the Bought Deal Offering are subject to a four-month hold period expiring March 4, 2027. The common shares issued to Pan American under the Non-Brokered Offering are subject to a hold period of four months and one day, expiring March 4, 2027. Pan American subscribed for 6,250,000 common shares for $7,000,000. Certain directors and officers subscribed for a total of 128,571 common shares for $143,999.52. Participation by Pan American and such directors and officers constitutes a related party transaction under TSXV Policy 5.9 and MI 61-101. The company relied on exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101, as the fair market value of the transaction did not exceed 25% of the company's market capitalization. The company did not file a material change report more than 21 days before closing, as details of related party participation were not settled until shortly before closing. The securities have not been, and will not be, registered under the U.S. Securities Act or any U.S. state securities laws.

Silver Company News
10h ago

Goldgroup Mining Added to Solactive Global Silver Miners Index

(TSXV:GORO, FSE:55G) Goldgroup Mining Inc. announced its inclusion in the Solactive Global Silver Miners Index, effective at the opening of trading on November 2, 2026. The Solactive Global Silver Miners Index tracks companies operating across the global silver mining sector. Goldgroup's inclusion in this index places the company among a group of international mining companies recognized within the sector-focused index. Javier Reyes, Chairman and Chief Executive Officer of Goldgroup Mining, stated that this milestone broadens the company's visibility within the global precious metals investment community. Goldgroup's flagship operation is the Don David Gold/Silver Mine, which is described as a significant producer of silver as well as gold and hosts exploration upside potential. The company is focused on building a new, leading intermediate-sized mining company with a combination of operating assets, exploration upside, and opportunities to create sustainable long-term value. Goldgroup Mining Inc. owns and operates four wholly owned assets in Mexico and the United States. The Don David Gold/Silver Mine is located in Oaxaca, Mexico. The Cerro Prieto Gold Mine is located in Sonora, Mexico. The company is advancing the San Francisco Gold Project in Sonora toward a potential production restart. Goldgroup is also advancing the Back Forty Project in Michigan through permitting and feasibility. The company’s strategy includes production growth, exploration, mine optimization, project development, and disciplined M&A. Goldgroup Mining Inc. is listed on the TSXV and NYSE American under the symbol "GORO" and on the Frankfurt Stock Exchange under the symbol "55G." The company emphasizes its priority on execution, advancing projects, strengthening its operating platform, and creating value for shareholders.

Silver Company News
10h ago

Tartisan Nickel Corp. Proposes Initial 5,000 Metres of Phase 2 Drilling to Expand the Kenbridge Mineral Resource Estimate, Northwestern Ontario

(CSE:TN) Tartisan Nickel Corp. has announced a proposed Phase 2 diamond drilling program at its Kenbridge Nickel-Copper-Cobalt Project near Sioux Narrows, in the Kenora Mining District of Northwestern Ontario. The Phase 2 program initially contemplates approximately 5,000 metres of drilling, with four diamond drill holes planned. Three of these holes, designated P1-P3, are intended to test the projected continuation of the mineralized zone at depth, while a fourth hole, P4, will test the modelled borehole electromagnetic (BHEM) plate 209. The four holes outlined total approximately an initial 4,850 metres of drilling. Final hole selection, sequencing, and orientations may be adjusted as drilling progresses. The drilling is designed to expand the existing mineral resource estimate by testing the down-dip continuation of the deposit and the BHEM plate 209. Drilling results would provide data to support an updated mineral resource estimate, with any increase dependent on results and subsequent geological modelling and resource estimation. The BHEM response is an exploration target and does not, by itself, establish mineralization or a mineral resource. Mark Appleby, President and CEO of Tartisan Nickel Corp., stated that the 2026 Phase 2 drill program is focused on expanding the Kenbridge mineral resource estimate by testing the deposit at depth and evaluating modelled BHEM plate 209, and that preparations for this next stage of drilling are advanced, with BHEM interpretation, site and road work completed over the summer and drill pads in place. The Kenbridge property is located approximately 70 kilometres southeast of Kenora, near Sioux Narrows in Northwestern Ontario, and is accessible from Highway 71 via approximately 25 kilometres of all-season road and nine kilometres along the property access road to the core facility. The property access road accommodates four-wheel-drive vehicles and heavy machinery. Significant site and road work was completed over the summer months to support Phase 2 drilling, and drill pads and on-site core-handling facilities are in place. NQ or equivalent core size is contemplated for the drilling. Mobilization timing and the final program scope remain to be confirmed. Dean MacEachern, P.Geo., an independent consultant to the Company, is the Qualified Person for the Kenbridge Project as defined by National Instrument 43-101. Tartisan Nickel Corp. also owns the Sill Lake Silver Project in Vankoughnet, Sault Ste. Marie, Ontario, and the Night Danger, Glatz Turtle Pond Project near Dryden, Ontario. Tartisan Nickel Corp. common shares are listed on the Canadian Securities Exchange (CSE: TN), OTCQB (TTSRF), and FSE (8TA). There are currently 158,195,904 shares issued and outstanding, and 160,916,961 shares fully diluted.

Silver Market Commentary
4h ago

Analyst sends big warning on gold and bitcoin amid U.S. midterms

Analyst Mike McGlone has issued a significant warning regarding the potential for a stock market correction following the U.S. midterms, which could have adverse effects on both gold and Bitcoin prices. A downturn in the stock market typically leads to increased volatility in risk assets, and gold often suffers as investors seek liquidity or shift to equities. This scenario could create downward pressure on silver as well, given its dual role as both an industrial metal and a precious asset. If investors begin to flee from riskier assets like Bitcoin, it may further dampen sentiment towards gold and silver, as these metals are often viewed as safe havens during times of uncertainty. Additionally, a correction in the stock market could lead to a stronger U.S. dollar, which historically inversely correlates with precious metals prices. As the dollar strengthens, the appeal of gold and silver diminishes for foreign investors, potentially leading to reduced demand. Furthermore, if inflationary pressures ease in the wake of a market correction, the urgency to hedge against inflation with precious metals may diminish. Investors should remain vigilant as these dynamics unfold, as they could significantly influence silver prices in the near term. The interplay between market sentiment, dollar strength, and investor behavior will be crucial in determining the trajectory of silver and gold in the aftermath of the midterms.

Silver Company News
11h ago

Valhalla Metals Intersects 32.6m of 4.35% CuEq, Including 6.5m of 6.98% CuEq, at the Sun Project

(TSXV:VMXX, OTCQB:VMXXF) Valhalla Metals Inc. announced assay results from the 2026 exploration program at its flagship Sun project in the Ambler Mining District, Northwest Alaska. The release covers results from the first three diamond drill holes, totaling 739 meters. Drill hole Sun26-005 intersected 11.2 meters of 5.67% CuEq, including 0.27% Cu, 4.01% Pb, 9.77% Zn, 0.21 g/t Au, and 96.73 g/t Ag. Drill hole Sun26-006 intersected 32.6 meters of 4.35% CuEq, including a subinterval of 6.5 meters of 6.98% CuEq (0.46% Cu, 3.96% Pb, 11.95% Zn, 0.27 g/t Au, and 135.4 g/t Ag). Drill hole Sun26-007 intersected 12.5 meters of 3.97% CuEq (2.07% Cu, 0.69% Pb, 3.43% Zn, 0.18 g/t Au, and 41.59 g/t Ag). The 2026 drilling campaign at Sun comprised six diamond drill holes totaling 1,787 meters, utilizing two newly acquired company-owned drill rigs. Infrastructure upgrades and repairs were completed at the project camp following winter snow damage. Regional exploration included geological mapping at the SW Sun and South-Fold prospects, and field reconnaissance and rock sampling at the newly acquired Smucker property. The 2026 drilling was designed to fill resource model gaps within inferred areas and test mineralization down-dip and along strike, with step-outs ranging from 50 to 100 meters. Every hole confirmed the continuation of high-grade mineralization. Holes Sun26-005 and Sun26-006 followed up on a thicker mineralized interval from Sun23-004 drilled in 2023, while Sun26-007 was drilled in an area of historical drilling to validate past intercepts and assess continuity of stacked ore horizons. Sampling was supervised by the Project Manager, with all samples delivered to ALS Laboratories in Fairbanks, Alaska, and further processed in Reno and Las Vegas, Nevada. Analytical methods included a 4-Acid ICP-MS 48 multielement package and four-acid digestion for high-grade samples, with gold analyzed by fire assay on a 30 g aliquot. Three QA/QC samples (one standard reference material, one duplicate, one blank) were inserted into every batch of 20 samples. Seven SRMs were used in 2026, with accepted copper values of 0.66% to 3.82%, zinc values of 0.05 ppm to 17.45%, lead values of 0.5% to 12%, silver values of 68 to 294 ppm, and gold values of 0.5 to 2.91 ppm. Caroline Gilson, P.Geo., of GeoSpark Consulting Inc., conducted an independent QAQC review, confirming strong accuracy and precision. ALS North American analytical laboratories are accredited by the Standards Council of Canada to ISO/IEC 17025:2005. Bonnie Broman, CPG, Vice President, Exploration for Valhalla Metals Inc., is the Qualified Person for the release and has verified the data. Commodity prices used for CuEq calculation were US$3.50/lb for copper, US$0.90/lb for lead, US$1.25/lb for zinc, US$3,700/oz for gold, and US$50.00/oz for silver. Recoveries assumed were 91% for Cu, 80% for Pb, 91% for Zn, 59% for Au, and 35% for Ag, based on Valhalla's 43-101 and modeled after the Arctic VMS deposit Feasibility Study. Intervals are reported as drilled core lengths; true widths are not yet known. Partners Teck and Marubeni are referenced as globally respected partners in the project.

Silver Company News
11h ago

North Sky Metals Completes Maiden Drill Program at the Natlan Project, British Columbia; Assays Pending

(TSXV:NSKY) North Sky Metals Corp. announced the completion of its 2026 diamond drill program at the Natlan Project, located in west-central British Columbia, approximately 24 km northeast of New Hazelton. The company drilled 12 diamond drill holes totaling 4,372 metres to test two targets: the Ace porphyry copper-molybdenum target (with associated gold and silver) and the West gold target. At Ace, six holes totaling 2,507 metres were drilled to test a 1.75 km by 0.9 km copper-molybdenum soil anomaly, which also has associated silver and gold values, IP chargeability highs, a ring-shaped magnetic high, and mapped potassic and phyllic alteration. At West, six holes totaling 1,865 metres were drilled to follow up on historical drilling and test approximately 350 metres of a 900-metre-long by 550-metre-wide gold-arsenic soil anomaly with coincident chargeability and resistivity anomalies. The undrilled East target, an approximately 2.5 km long copper-molybdenum-gold-silver trend with a tungsten geochemical anomaly, is fully permitted for its first drill test planned in summer 2027. A total of 2,286 half-core samples and 384 QA/QC samples have been delivered to ALS for gold fire assay and multi-element analysis. Multi-year area-based (MYAB) permits cover follow-up drilling at Natlan to March 2031 and at Ace to March 2030, authorizing up to 100 helicopter-supported drill sites and 115 line-km of IP surveys across Ace, West, and East. High-grade grab samples at Ace have returned up to 2.12% copper, 0.83% molybdenum, 13.3 g/t gold, and 1,800 g/t silver. At the East target, grab samples have returned up to 3.0% copper, 1.25% molybdenum, 21.9 g/t gold, and 224 g/t silver, with tungsten in rock samples up to 0.134% W (1,340 ppm) and in talus fines up to 0.052% W (520 ppm). At West, 2022 grab samples returned gold grades of 10.7, 5.26, 3.38, and 2.95 g/t, and follow-up sampling in 2024 and 2025 returned up to 1.72 g/t gold. North Sky has also completed a helicopter-borne MobileMT electromagnetic and magnetic survey over the entire Natlan Project, with interpretation of the final data underway. The Natlan Project consists of 14 contiguous mineral tenures covering 10,065 hectares, with North Sky owning 100% of the Ace claims and holding an option to earn a 100% interest in the Natlan claims. The project is located within the traditional territory of the Gitxsan Nation, and North Sky maintains ongoing engagement with the Hereditary Chiefs Luutkudziiwus and Yagosip, including regular meetings and helicopter visits. The 2026 program was supported by local and regional businesses, including Raven 37 for field labour and Skookum Daxgyet Services for drill pad construction. The scientific and technical information in the release was reviewed and approved by Arron Albano, B.Sc., P.Geo., Exploration Manager for North Sky Metals Corp., who is a Qualified Person as defined by NI 43-101.

Silver Company News
11h ago

Labrador Gold Announces Management Additions

(TSXV:LAB) Labrador Gold Corp. announced that Raymond D. Harari, a director of LabGold, has been appointed as President of the Company effective today. Robert Mason has been appointed as Corporate Secretary. Roger Moss remains as Chief Executive Officer and director, having resigned as President to create a vacancy for Mr. Harari. Bill Johnstone has resigned as Corporate Secretary after more than six years of service to LabGold. Raymond D. Harari is the founder of Canalis Capital, a Panama-based merchant banking firm focused on the natural resources sector, and has held senior executive and board positions with numerous publicly traded mineral exploration companies. Robert Mason is the founder and principal of Mason Law, a Toronto-based law firm specializing in corporate and securities law, mergers and acquisitions, and mining transactions, with over 25 years of experience advising publicly traded companies, institutional investors, and boards of directors. Labrador Gold is a Canadian-based hybrid mining and investment issuer focused on the acquisition and exploration of prospective mineral projects in Canada and on strategic investments in mining companies and assets. The Mariposa project covers 16,000 ha in the White Gold District and is 40 kilometres southeast of the White Gold Project and 30 kilometres east-northeast of Fuerte’s Coffee gold project. The property occurs at the headwaters of significant placer gold producing creeks with historic placer production of 73,000 oz from Scroggie Creek. Six significant gold occurrences have been delineated by over 13,000 soil samples to date, including the most advanced Skookum Main and Skookum West prospects. LabGold has the option to earn a 100% interest in the Mariposa project from Pacific Ridge Exploration Ltd. The Watson Project is a 70:30 joint venture with Nemo Resources Inc. and represents the largest landholding in the Fort Hope Greenstone Belt in northwestern Ontario. The Watson project also hosts potential for critical minerals such as antimony, nickel, copper, and zinc. The proposed road to the Ring of Fire, expected to begin construction in mid-2026, runs through the Watson property and is expected to significantly reduce exploration and development costs once complete. The 100% owned Hopedale property covers much of the Archean-age Florence Lake greenstone belt, which extends over 60 kilometers, and LabGold’s work has identified gold anomalies in rocks, soils, and lake sediments across a three-kilometer section of the northern portion of the belt. Five gold occurrences lie along this trend, four of which were discovered by LabGold, and additional anomalous gold values occur across approximately 40 kilometers of the southern portion of the belt. Recent exploration has also demonstrated potential for copper, nickel, and cobalt. The 100% owned Borden Lake project near Chapleau, Ontario lies immediately southeast of Discovery Silver Corp’s Borden gold mine, and past exploration by LabGold identified two anomalous gold zones based on geochemistry and geophysics. Labrador Gold Corp. has 286,012,288 common shares issued and outstanding and trades on the TSX Venture Exchange under the symbol LAB.

Silver Company News
11h ago

Barksdale Commences Fall 2026 Diamond Drill Program at Sunnyside

(TSXV:BRO) (OTCQB:BRKCF) (FSE:2NZ) Barksdale Resources Corp. announced the commencement of its fall 2026 diamond drill program at its 67.5%-owned Sunnyside copper-zinc-lead-silver project in the Patagonia mining district of southern Arizona. The Program began on November 2, 2026, and is funded from the Company's recently completed C$15.7 million private placement. The initial phase of the planned 16,000-meter diamond drill program will comprise approximately 8,000 meters (~26,250 feet) of drilling. The diamond drill core will test targets beyond the reach of the 2026 reverse circulation (RC) rig, including deeper portions of the porphyry system. The program will follow up on high-grade copper intercepts from the 2026 RC program, including SUN26-001R: 12.19 meters of 1.45% Cu from 251 meters, 13.72 meters of 1.05% Cu from 274 meters, and 3.05 meters of 2.75% Cu at 314 meters; SUN26-002R: 60.96 meters of 0.93% Cu and 60.96 meters of 0.90% Cu including 13.72 meters of 1.47% Cu at 302 meters; and SUN26-003R: 12.19 meters of 1.04% Cu from 15 meters. Phase one holes are located on drill sites approved under the Project's existing Plan of Operations. The 2026 RC drilling intersected copper mineralization from near surface to a drilled depth of approximately 450 meters (SUN26-001R). Historical ASARCO drill hole TM-8 was completed to a drilled depth of 1,730 meters, with copper mineralization identified down to 1,689 meters, including 3.05 meters of 1.36% Cu at 491 meters. The historical ASARCO data has not been verified by the Qualified Person. The Program is designed to follow up on high-grade copper intercepts, extend mineralization to depth, and define lithological and structural controls. Additional intercepts include SUN26-001R: 39.62 meters of 0.95% Cu from 248.41 meters, including 12.19 meters of 1.45% Cu; SUN26-002R: 60.96 meters of 0.90% Cu and 60.96 meters of 0.93% Cu including 13.72 meters of 1.47% Cu at 302 meters; and SUN26-003R: 53.34 meters of 0.64% Cu from 7.62 meters, including 12.19 meters of 1.04% Cu. The 2026 RC program intersected broad zones of copper mineralization with higher-grade intervals, including 60.96 meters of 0.93% Cu and 60.96 meters of 0.90% Cu within 393.19 meters of 0.45% Cu from 3.05 meters in SUN26-002R. The Company has completed an airborne ZTEM geophysical survey over the Sunnyside and Four Metals properties, with final data and reporting expected by early December 2026. The 2026 RC results are from drill holes SUN26-001R, SUN26-002R, and SUN26-003R, with samples averaging approximately 5 kilograms collected at 1.52 meter intervals and analyzed by Skyline Assayers & Laboratories. Certified reference materials, blanks, and field duplicates were inserted at a combined rate of approximately 6% of samples. The scientific and technical information was reviewed and approved by Alan Roberts, CPG (AIPG #11260), Vice President, Exploration of the Company and Qualified Person as defined by NI 43-101. The Company holds the historical ASARCO drill core and is reviewing some of the core to reassess potential alteration and mineralization. Barksdale is also advancing the 100%-owned San Antonio copper project in the Patagonia mining district of southern Arizona and the 100%-owned San Javier copper-gold project in central Sonora, Mexico.

Silver Market Commentary
4h ago

Gold Futures Slip Amid Oil Price Volatility

Gold futures slipped as volatility in the oil market heightened concerns about inflation and the potential for rising interest rates. This environment typically pressures precious metals, as higher rates increase the opportunity cost of holding non-yielding assets like gold and silver. Investors are increasingly wary of inflationary pressures stemming from fluctuating oil prices, which can erode purchasing power and influence central bank policies. As inflation expectations rise, the Federal Reserve may feel compelled to maintain or even accelerate interest rate hikes, further impacting precious metals. Silver, often seen as a more volatile counterpart to gold, is likely to experience similar downward pressure in this context. The interplay between oil prices and inflation is critical, as sustained high oil prices could lead to prolonged inflationary concerns, keeping interest rates elevated. Additionally, any shifts in central bank demand for gold and silver in response to these economic conditions will be closely monitored by investors. ETF flows may also reflect this sentiment, as investors reassess their positions in precious metals amid uncertainty. Overall, the current market dynamics suggest that silver prices could remain under pressure as long as oil volatility persists and inflation fears loom large. Investors should remain vigilant, as these factors will continue to shape the outlook for silver and gold in the near term.

Silver Company News
11h ago

Corcel Outlines Phase 2 Drill Program at the Yuma King Critical Minerals Project, Arizona

(CSE:CRCL, OTCQB:CRLEF, FSE:Y67) Corcel Exploration Inc. has announced plans for its upcoming Phase 2 drill program at the Yuma King Project in west-central Arizona. The Phase 2 program will include over 3,500 metres of drilling, targeting three high-priority exploration zones beyond the historic Yuma King mine area: YK North, YK West, and Three Musketeers. The drilling is designed to systematically evaluate untested targets for skarn-related copper-silver-gold and tungsten mineralization. The YK North target is located 1.0 km northwest of the Yuma King mine and features a 500-metre high-conductivity zone with gold-copper soil anomalies. The YK West target, 1.2 km southwest of the mine, is characterized by magnetite-rich skarn, gold-in-soil anomalies, elevated copper in rock-chip samples, and a high-chargeability anomaly. The Three Musketeers target, 1.8 km west of the mine, contains coincident high-resistivity and magnetic-low geophysical anomalies, strong gold-copper soil anomalies (with samples up to 1.47 g/t Au and 10,750 ppm Cu), and rock-chip samples up to 17.15 g/t Au and 11.6% Cu. Tungsten showings at Three Musketeers include rock samples up to 19.15% WO3. The Phase 2 program builds on Phase 1 results, which included 56.65 meters of 1.07% Cu, 0.79 g/t Au, and 7.1 g/t Ag in drill hole YK26-001. Additional geophysical surveys are planned around the historic mine to vector toward a potential underlying porphyry source. Corcel has also entered into a 12-month media services agreement with Market One Media Group, commencing October 21, 2026 and expected to conclude in September 2027. Market One will provide editorial, video, and digital media services, including content on platforms such as BNN Bloomberg, for a fee of C$95,000 plus applicable GST. Market One will not receive any securities or options as compensation, and is arm's length to Corcel. The Yuma King project covers 3,200 hectares with 515 unpatented federal mining claims in the Ellsworth Mining District, including the past-producing Yuma King Mine. Roy Greig, Ph.D., P.Geo., an advisor to Corcel, has reviewed and approved the technical disclosure in this release.

Silver Company News
12h ago

Osisko Intersects 314 Metres Averaging 0.44% Cu at Gaspé

(TSX:OM, OTCQX:OMZNF, FRANKFURT:0B51) Osisko Metals Incorporated announced new analytical results from its ongoing 2026 drill program at the Gaspé Copper Project, located in the Gaspé Peninsula of Eastern Québec. The results include 38 mineralized intercepts from 15 drill holes, with both infill and expansion intercepts reported. Infill intercepts are within the 2026 Mineral Resource Estimate (MRE) model and aim to upgrade Inferred Mineral Resources to Measured or Indicated categories. Expansion intercepts are outside the 2026 MRE model and include both in-pit and out-of-pit expansion, potentially converting waste to resources or defining new resources. Highlights include 314.0 metres averaging 0.44% Cu (infill) in DDH 30-1272, including 9.0 metres averaging 3.23% Cu and 16.7 g/t Ag; 240.5 metres averaging 0.44% Cu (infill) in DDH 30-1270; 552.5 metres averaging 0.30% Cu (infill) in DDH 30-1269; 142.6 metres averaging 0.34% Cu (infill) in DDH 30-1274; 121.5 metres averaging 0.42% Cu (out-of-pit expansion) in DDH 30-1260; 87.5 metres averaging 0.48% Cu (out-of-pit expansion) in DDH 30-1268, including 10.7 metres averaging 1.98% Cu and 9.0 g/t Ag; and 85.5 metres averaging 0.42% Cu (out-of-pit expansion) in DDH 30-1265. Drill hole 30-1260, the most southerly hole drilled to date at Needle Mountain, returned 121.5 metres averaging 0.42% Cu at the B and C Zones. Drill hole 30-1268 intersected 87.5 metres averaging 0.48% Cu at the B and C Zone skarns. Drill hole 30-1266 intersected 33.0 metres averaging 0.41% Cu and 2.63 g/t Ag. Drill hole 30-1265 intersected four intervals of mineralization, 12.4 to 85.5 metres long, averaging 0.27 to 0.83% Cu and 2.43 to 7.30 g/t Ag. Drill holes 30-1262, 30-1270, and 30-1272 are infill holes near the southern margin of the 2026 MRE model, with 240.5 and 314.0 metre intervals averaging 0.44% Cu in 30-1270 and 30-1272, respectively. Drill holes 30-1261, 30-1263, 30-1264, 30-1267, 30-1269, 30-1271, and 30-1274 are infill holes on the south flank of Copper Mountain, returning intervals grading 0.12% to 0.40% Cu. Copper Equivalent (CuEq) grades are calculated using long-term metal prices of US$4.50/lb copper, US$20.00/lb molybdenum, and US$45.00/oz silver. The company acquired a 100% interest in the past-producing Gaspé Copper mine from Glencore Canada Corporation in July 2023. The current pit-constrained Measured and Indicated Mineral Resources at Gaspé Copper are 1.83 Bt averaging 0.32% CuEq, and Inferred Mineral Resources are 239 Mt averaging 0.46% CuEq. The Pine Point project, a joint venture with Appian Capital Advisory LLP, has Indicated Mineral Resources of 49.5 Mt averaging 5.52% ZnEq and Inferred Mineral Resources of 8.3 Mt averaging 5.64% ZnEq. The Pine Point project is located in the Northwest Territories. The current drill program is designed to convert the bulk of the remaining 2026 MRE Inferred resources to Measured and Indicated categories and to test expansion laterally to the west and south/southwest.

Silver Company News
13h ago

Svea Mining appoints DNB Carnegie as liquidity provider.

(FSE:5WV) Svea Mining AB has appointed DNB Carnegie Investment Bank AB as liquidity provider for the Company's shares on Spotlight Stock Market (ticker: SVEA, ISIN: SE0030252599). DNB Carnegie began its role as liquidity provider on October 27, 2026, which was Svea Mining's first day of trading. The agreement is governed by Spotlight Stock Market's rules for liquidity providers. DNB Carnegie is required to quote bid and ask prices in Svea Mining shares for at least 85 percent of trading hours each day. Each quote must be for at least SEK 5,000 on both the bid and ask side, with a maximum spread of 6 percent. The initial term of the agreement is six months, after which it continues until either party terminates it with one month's notice. Svea Mining pays DNB Carnegie a fee of SEK 25,000 per month, excluding VAT. Mackenzie Osborne, CEO of Svea Mining, stated that having a liquidity provider from day one makes it easier for investors to buy and sell shares at fair prices and expressed satisfaction with DNB Carnegie's support. Svea Mining AB is a Swedish mineral exploration company focused on gold, copper, and silver exploration across approximately 7,500 hectares in the Skellefteå VMS district of northern Sweden. The company holds two exploration permits: the Kalvträsk project (approximately 7,000 hectares) and the Stöverfors project (451.93 hectares). Both projects are located within or on the margin of a geological system that has produced almost 30 mines and continues to host active mining. The company's registered office is in Sweden.

Silver Company News
13h ago

Doubleview Announces Filing of Q2 Financials and Offers Update on Emissary Agreement

(TSXV: DBG) (OTCQX: DBLVF) (FSE: 1D4) Doubleview Gold Corp. announced the filing of its unaudited interim condensed financial statements and related management's discussion and analysis for the three and six months ended August 31, 2026. These documents are available under the company's profile on SEDAR+ at www.sedarplus.ca. The company provided an update regarding its emissary arrangements, specifically the Emissary Agreement dated September 29, 2026, with Q Mission Consultancy and Services (Qmission). Under the Emissary Agreement, Qmission will introduce Doubleview to contacts in the State of Qatar, including the Qatar Investment Authority and Qatar Investment Fund, and in the Kingdom of Saudi Arabia, including the Public Investment Fund, in connection with a potential sale and/or investment transaction relating to Doubleview's Hat polymetallic project. Qmission acts as an emissary and facilitator, but any final decision concerning a transaction remains within the sole discretion of Doubleview's management. If a transaction closes, Doubleview or an affiliate will pay Qmission a cash fee equal to the lesser of 5% of the total cash proceeds paid or to be paid to Doubleview by the applicable contact in connection with the transaction and the maximum amount permitted under applicable TSX Venture Exchange rules. No fee is payable if no transaction closes, and payment of the fee is subject to acceptance by the TSX Venture Exchange. The Emissary Agreement has an initial term of one year from September 29, 2026, and supersedes all previous emissary-fee agreements between Doubleview and Qmission. Qmission and its principals are at arm's length to Doubleview. As of the date of this news release, no transaction, binding commitment, or financing has been entered into with any of the identified contacts. There can be no assurance that any transaction will be completed. Farshad Shirvani is President & Chief Executive Officer of Doubleview Gold Corp.

Silver Market Commentary
4h ago

Wanguo Gold Group (SEHK:3939) Stock Looks Pricey Against Its Current Earnings

Wanguo Gold Group's stock performance raises critical questions about its valuation relative to current earnings, particularly as it closed at HK$11.32. The impressive long-term gains, with a 25-fold increase over five years, suggest that much of the future growth may already be priced in. This scenario is particularly relevant for silver and gold investors, as it highlights the potential disconnect between stock prices and actual earnings performance in the precious metals sector. If investors perceive that Wanguo's stock is overvalued, it could lead to a broader reassessment of gold equities, impacting sentiment in the gold market. Additionally, any correction in Wanguo's stock could spill over into the prices of gold and silver, as investor confidence may wane. The current environment of rising interest rates and a strong dollar further complicates the outlook for precious metals, as these factors typically exert downward pressure on prices. Inflation concerns remain a key driver for safe-haven assets, but if equities like Wanguo Gold Group begin to falter, it could shift investor focus back to physical metals. Central bank demand continues to play a significant role, and any signs of weakening in gold stocks could prompt increased buying of physical gold and silver as a hedge. ETF flows will also be crucial to monitor, as shifts in investor sentiment could lead to significant movements in precious metals holdings. Overall, the interplay between stock valuations and underlying earnings will be pivotal in shaping the future trajectory of silver and gold prices. Investors should remain vigilant as these dynamics unfold, as they could signal broader trends in the precious metals market.

Silver Company News
16h ago

ACG to Acquire 100% of Blue Moon Norway, Including the Construction-Stage Nussir Copper Mine, to Create a High-Growth European Copper Company

(LSE:ACG) (LSE:ACGW) ACG Metals Limited has agreed to acquire 100% of Blue Moon Norway AS from Blue Moon Metals Inc. for US$220 million in shares. The acquisition includes Blue Moon Norway's 94.52% interest in the construction-stage Nussir copper mine and other Norwegian development interests. The Nussir project is fully permitted and targets first copper concentrate production in H1 2028. Nussir is expected to average approximately 18,400 tonnes of copper-equivalent production per annum over 2029–2033, with combined production from Nussir and Gediktepe projected to exceed 50,000 tonnes per annum. ACG would own 94.52% of Nussir at completion and expects to consolidate its interest to 100% within 12 months. Approximately US$84 million of Nussir's initial capex will have been spent by completion, leaving US$126 million remaining, for which ACG is assessing several funding proposals. The US$220 million consideration is equivalent to approximately 0.59x the US$375 million broker consensus NAV for the Norwegian portfolio. The transaction is expected to be immediately NAV per share accretive on completion, before synergies. Approximately 8.85 million Consideration Shares will be issued to Blue Moon, representing approximately 27.6% of ACG's enlarged issued ordinary share capital and 21.8% on a fully diluted basis. Blue Moon is obliged to distribute the Consideration Shares to its shareholders six to 12 months after completion. Completion is subject to ACG shareholder approval, relevant regulatory approvals, repayment of the Hartree loan, and other conditions, with closing anticipated by 30 November 2026 and a long-stop date of 15 December 2026. Nussir's feasibility study reports Measured and Indicated Mineral Resources of 28.72 million tonnes at 1.02% copper, Inferred Mineral Resources of 31.99 million tonnes at 1.01% copper, and Proven and Probable Ore Reserves of 24.98 million tonnes at 0.81% copper, all on a 100% project basis. NSG's Sulitjelma copper-zinc deposits have a reported combined Inferred Mineral Resource of 17.07 million tonnes at 1.06% copper and 0.21% zinc. Over 2029–2033, Gediktepe and 100% of Nussir are expected to generate combined asset-level EBITDA averaging approximately US$370 million per annum and combined asset-level free cash flow averaging approximately US$267 million per annum. Dr Karin Thorburn, an independent Blue Moon director, is expected to join ACG's Board as an independent non-executive director on completion. ACG intends to seek an additional North American listing within 12 months of completion and an ESCC transfer in H1 2027 to enable eligibility for the FTSE UK Index Series, including the FTSE 250, subject to approvals. The Norwegian Government has expressed support for the Nussir project, which is designated as an EU Strategic Project under the Critical Raw Materials Act. ACG will retain all Blue Moon Norway employees and prioritize local recruitment and stakeholder engagement. ACG management will hold a webcast for analyst and investor questions at 15:00 GMT / 10:00 ET on Tuesday, 3 November 2026.

Silver Company News
18h ago

Silver One Resources Announces Mobilization of Two Additional Drill Rigs to Accelerate Candelaria Drill Program

(TSXV:SVE, OTCQB:SLVRF, FSE:BRK1) Silver One Resources Inc. announced the mobilization of two additional drill rigs to its flagship Candelaria Project in Nevada, increasing drilling capacity for ongoing resource expansion and development programs. The company recently expanded its property holdings by 3,128 hectares (7,730 acres), bringing the total Candelaria project area to 11,374 hectares (28,106 acres) and covering over 15 km of strike along key mineralized structures. Major Drilling America is mobilizing a reverse circulation (RC) drill rig expected to arrive during the first week of November, while Evolve Exploration Nevada, LLC is mobilizing a hybrid RC/core drill rig. Drilling with both rigs is set to commence immediately upon arrival. This marks the next phase of Silver One's expanded 2026-2027 exploration campaign, following results reported on September 17, 2026, which extended mineralization approximately 400 metres down-dip beyond the existing open-pit resource. The expanded drilling fleet will support a planned 20-25,000-metre drilling campaign aimed at expanding known mineral resources, testing high-priority exploration targets, and completing condemnation drilling for future infrastructure planning. Silver One continues to advance engineering and technical work for a planned Pre-Feasibility Study (PFS) at Candelaria, with current drilling results expected to contribute to future mine planning and infrastructure optimization. The company holds a 100% interest in the Candelaria Mine and also owns 636 lode claims and five patented claims on the Cherokee project in Lincoln County, Nevada, as well as a 100% interest in the Silver Phoenix Project in Arizona. Silver One entered into a marketing agreement dated October 30, 2026, with Sideways Frequency LLC for investor relations services, including email campaigns, native advertising, and digital ad placements. The agreement term is one month commencing November 15, 2026, with an upfront payment of USD $125,000. The agreement may be renewed for additional one-month periods at USD $125,000 per month at the company's election. The consideration does not include any securities of the company, and Sideways and its affiliates are arm's length to Silver One. The technical content of the release was reviewed and approved by Robert M. Cann, P. Geo, an independent consultant and Qualified Person as defined by NI 43-101. Greg Crowe, President and CEO, commented that the addition of the two rigs enhances the company's ability to advance multiple objectives at Candelaria and demonstrates the scale and potential for continued resource growth.

Silver Company News
20h ago

Doubleview Announces $3.2 Million Flow-Through Private Placement

(TSXV: DBG) (OTCQX: DBLVF) (FSE: 1D4) Doubleview Gold Corp. announces its intention to complete a non-brokered flow-through private placement financing (the 'Offering') to raise gross proceeds of up to $3,200,000. The Offering will consist of up to 1,454,545 flow-through units ('FT Units') at a price of $2.20 per FT Unit. Each FT Unit will include one common share issued as a 'flow-through share' under subsection 66(15) of the Income Tax Act (Canada) and one half common share purchase warrant. Each full warrant will entitle the holder to purchase one additional non-flow-through common share at an exercise price of $3.00 per share for two years from the date of issuance. The gross proceeds from the flow-through shares will be used to incur eligible Canadian exploration expenses ('CEE') qualifying as 'flow-through mining expenditures' on the company's mineral exploration properties in British Columbia. Doubleview intends to renounce such qualifying expenditures to subscribers with an effective date no later than December 31, 2026, subject to applicable tax legislation. The company may pay finder's fees to eligible arm's-length finders, consisting of cash commissions equal to 5% of gross proceeds raised from subscribers introduced by such finders and issue non-transferable finder's warrants equal to 5% of the number of FT Units sold to such subscribers. Each finder's warrant will be exercisable to acquire one non-flow-through common share at a price of $3.00 per share for two years from the date of issuance. All finder's fees are subject to the policies and approval of the TSX Venture Exchange. The Offering remains subject to acceptance by the TSX Venture Exchange and any other required regulatory approvals. All securities issued under the Offering, including shares issued upon exercise of warrants or finder's warrants, will be subject to a statutory hold period of four months and one day from the date of issuance, as required under Canadian securities laws. The company may complete the Offering in one or more tranches. Farshad Shirvani is the President & Chief Executive Officer of Doubleview Gold Corp.

Silver Company News
21h ago

ORVANA PROVIDES UPDATE ON ITS BOLIVIAN SUBSIDIARY EMIPA

(TSX: ORV, OTCQX: ORVMF) Orvana Minerals Corp. provided an update on the ramp-up of operations at its Bolivian subsidiary, Empresa Minera Paitití, S.A. (EMIPA), and announced the filing of EMIPA's unaudited financial statements for Q4 FY2026 with Bolivia's financial regulator, ASFI. As of September 30, 2026, EMIPA's financial covenant ratios under its Bolivian bond issuances were outside the required thresholds, and EMIPA is currently within the cure period provided for under the bond terms, during which it is working to restore compliance. The Don Mario plant processed approximately 17,500 tonnes of oxide material in October 2026, with average throughput exceeding 900 tonnes per day in the last week of October. New filter cloths were installed on two of the three filter units in mid-October, and the third was fitted on November 1, 2026, as part of ongoing filtration circuit optimization. The company is targeting a progressive increase in throughput toward approximately 1,400 tonnes per day during November 2026, with further increases to be evaluated in December toward the design rate of approximately 1,700 tonnes per day. All key Don Mario plant circuits required for processing the oxide stockpile are currently operational, and current efforts focus on optimizing plant operations, including enhancements to instrumentation, automation, and operational data management. Metallurgical performance is generally in line with design assumptions, and filtration has been identified as the primary area for optimization to support higher throughput levels. EMIPA's unaudited financial statements for the period ended September 30, 2026, are prepared under Bolivian GAAP and are not directly comparable to Orvana's consolidated financial statements under IFRS. EMIPA Bonds I and II are subject to financial covenant requirements, with thresholds of 0.40 for debt coverage, 3.00 for third parties debt coverage, and 2.50 for leverage. As of September 30, 2026, EMIPA's ratios were outside these thresholds, and the initial cure period runs through December 8, 2026, with possible extension subject to bondholder approval. EMIPA Bonds I is scheduled to mature on November 7, 2026, with the payment of its fifth and final coupon, which, if completed, would fully satisfy its scheduled debt service obligations under Bonds I. EMIPA Bonds II is scheduled to mature on February 19, 2027. During the cure period, EMIPA is working to fulfill requirements under the bonds, including information and action plan requirements to restore compliance. The variance between EMIPA's calculated financial covenant ratios and anticipated ratios reflects factors such as Bolivia's transition to a new official exchange rate regime and the impact of social unrest and road blockades in May and June 2026 on the Oxides Stockpile Project schedule. The scientific and technical information in the release was reviewed and approved by Luis Isla, Chief of Geology of Empresa Minera Paitití, S.A. Consolidated operational and financial highlights for Q4 FY2026 will be released with the audited annual financial statements and MD&A for FY2026, expected in late November 2026. Orvana's assets include the Orovalle operation in northern Spain, the Don Mario operation in Bolivia, and the Taguas property in Argentina.

Silver Market Commentary
6h ago

Trifecta Gold advances 30,000-hectare Yukon Portfolio Across Tombstone Gold Belt

Silver prices are influenced by a variety of factors, and the recent developments in the gold exploration sector, particularly with Trifecta Gold's advancements in the Yukon, highlight the ongoing interest in precious metals. As Trifecta Gold expands its portfolio across the Tombstone Gold Belt, the potential for new gold discoveries could indirectly bolster silver demand, given the historical correlation between gold and silver prices. The company's focus on identifying larger, bulk-tonnage intrusion-related gold systems suggests a strategic approach that could yield significant results, which may attract further investment into the precious metals sector. Additionally, the completion of Trifecta's earn-in commitments ahead of schedule indicates a robust operational capability, which could enhance investor confidence in the broader mining landscape. As exploration efforts ramp up, any positive results from their ongoing geological mapping and surface exploration could lead to increased market enthusiasm for both gold and silver. Furthermore, the proximity of Trifecta's Mount Hinton project to Hecla Mining's operating mine underscores the potential for synergies that could enhance production prospects in the region. Investors should remain vigilant, as successful discoveries in gold often lead to a spillover effect in silver markets, driving prices higher. The overall sentiment in the mining sector, particularly with junior mining companies like Trifecta making strides, can create a favorable environment for precious metals. As exploration capital flows into promising projects, the demand for silver as a byproduct of gold mining may also see an uptick. In summary, while silver prices may currently reflect broader market dynamics, developments in gold exploration like those from Trifecta Gold could play a pivotal role in shaping future price movements.

Silver Company News
23h ago

Talent Infinity Completes Cancellation of Stock Options

(CSE:TICO) (OTCQB:TIRDF) (FSE:ON8) Talent Infinity Resource Developments Inc. has completed the cancellation of stock options as described in its October 14, 2026 news release. The cancellation was carried out at the request of the British Columbia Securities Commission. The company received written consent from all 19 affected optionees and cancelled stock options to purchase an aggregate of 3,046,000 common shares. Each cancellation became effective on the date the company received the optionee's signed consent, with the last consent received on October 29, 2026. None of the cancelled options had been exercised prior to cancellation. After this cancellation, options to purchase 1,300,000 common shares from the February 25, 2026 grant remain outstanding. All remaining options are held by the company's current directors and officers. Each of these outstanding options is exercisable at $0.35 per common share until February 25, 2031. The company has filed the applicable notice with the Canadian Securities Exchange. The cancellation of vested options does not change the share-based compensation expense previously recognized in the company's audited financial statements for the year ended May 31, 2026. Talent Infinity Resource Developments Inc. is a mineral exploration company focused on the acquisition, exploration, and development of critical mineral properties in mining-friendly jurisdictions. The company holds a portfolio of exploration assets including the Hatsfield Antimony–Gold Project and the Fredricksburg Antimony–Gold Projects in New Brunswick, as well as the Silver Giant polymetallic property near Radium Hot Springs, British Columbia. The company also holds an option over the Wildcat Property in British Columbia. John Eren is the CEO, President, and Director of Talent Infinity Resource Developments Inc.

Silver Company News
yesterday

Plato Gold Corp. Confirms Completion of $55,000 Critical-Mineral Flow-Through Private Placement

(TSXV:PGC) (OTCQB:NIOVF) (FRANKFURT:4Y7) Plato Gold Corp. has completed its non-brokered critical-mineral flow-through private placement, previously announced on September 9, 2026. The only closing occurred on September 29, 2026, as disclosed on October 2, 2026, with the issuance of 1,100,000 flow-through common shares at $0.05 per share for total gross proceeds of $55,000. No additional shares have been issued under the Offering, and no further subscriptions or closings will proceed. The unfilled balance of the previously announced offering of up to $150,000 has been terminated. The gross proceeds are intended to fund eligible Canadian exploration expenses qualifying as flow-through critical mineral mining expenditures under the Income Tax Act (Canada) at the Company’s Pic River Platinum Group Metals Project near Marathon, Ontario. The Company intends to incur these expenditures by December 31, 2026 and renounce them to subscribers effective no later than December 31, 2026 under the general renunciation rule. The FT Shares are subject to a statutory hold period of four months and one day and may not be traded before January 30, 2027, except as permitted under applicable securities legislation. The Offering remains subject to final acceptance by the TSX Venture Exchange. No warrants were issued, and no finder’s fees or commissions were paid in connection with the Offering. Anthony Cohen, President, Chief Executive Officer and a director, subscribed for 600,000 FT Shares for $30,000. His participation constituted a related party transaction under MI 61-101, for which the Company relied on the formal valuation and minority shareholder approval exemptions in sections 5.5(a) and 5.7(1)(a), respectively, as his participation did not exceed 25% of the Company’s market capitalization. Plato Gold Corp. holds a 20% interest in the Harker property in Timmins, Ontario, a 95% interest in Winnipeg Minerals S.A. in Argentina with 9,672 hectares of mineral rights, the Good Hope Niobium Project with approximately 6,035 hectares near Marathon, Ontario, and the Pic River Platinum Group Metals Project with 2,352 hectares in Foxtrap Lake and Grain Township, near Marathon, Ontario. The Pic River property includes 19 claims contiguous to Generation Mining's Marathon PGM project and is located on strike to Generation Mining's Sally deposit.

Silver Company News
yesterday

Nicola Completes 2026 Mining Campaign at Dominion Gold Project and Delivers Material to Merritt for Processing

(TSXV:NIM) (FSE:HLIA) (OTCQB:HUSIF) Nicola Mining Inc. has completed its 2026 mining campaign at the Dominion Creek Gold Project, which included the shipment of approximately 1,300 tonnes of high-grade mill feed to Merritt, British Columbia for processing. The company expects that material sourced from Dominion Gold and Red Eye Resources, along with mill feed processed under its agreement with Blue Lagoon Resources, will contribute to fourth-quarter revenue. The 2026 mining campaign was initially scheduled to begin in early July but was modestly deferred to mid-July due to the arrival of purchased equipment and additional mine development prompted by the identification of previously unrecognized mineralized veins. Mine development is now complete, and key mining equipment has been mobilized and is operational. Nicola believes Dominion Gold is now positioned to support increased material extraction and potential gold production in 2027. Mining activities in 2026 focused on three mineralized structures: the approximately five-metre-diameter Pit Vein, the approximately 1.5-metre-diameter 16 Vein, and the newly identified 16 East Vein. The late-July deployment of a Traxxon drilling unit mounted on a CAT 336 excavator materially improved extraction efficiency, and this equipment is expected to enhance mining productivity during the 2027 campaign. The identified veins remain open in multiple directions, and the discovery of additional mineralized structures during the 2026 program highlights opportunities for further geological evaluation and potential expansion of future mining activities. CEO Peter Espig stated that the completion of the 2026 Dominion Gold campaign is an important milestone in the company's strategy to translate targeted mineral asset investments into tangible operating activity within a disciplined timeframe. In approximately three years, Nicola has advanced Dominion Gold from acquisition through mine development and bulk-sample extraction. The company intends to evaluate additional acquisition opportunities with a clear pathway to potential monetization within approximately three years, while continuing to advance its exploration portfolio. The Dominion Creek Property comprises nine mineral claims (55 units) covering approximately 1,058 hectares. Noranda Exploration Company Ltd. acquired the property from prospector N. Kencayd in 1986 and conducted geological, geochemical, and geophysical investigations that led to an expanded land position. Between 1987 and 1990, the exploration program included an initial geochemical silt survey of 20 samples and a more extensive soil geochemical survey of 3,399 samples. Noranda also completed 53 shallow diamond drill holes totaling 3,483.86 metres, with an average hole depth of approximately 65.7 metres. Trenching of coincident lead, zinc, copper, silver, and gold soil-geochemical anomalies led to the identification of several mineralized quartz veins. A Technical Report on the Dominion Creek Project was completed by Geospectrum Engineering on August 22, 2003. Nicola Mining owns a fully permitted mill and tailings facility near Merritt, British Columbia, capable of processing gold- and silver-bearing mill feed using gravity and flotation circuits. The company owns 100% of the New Craigmont Project, a copper exploration property encompassing more than 10,800 hectares along the southern margin of the Guichon Batholith, adjacent to Highland Valley Copper. Nicola also holds a 100% interest in the Treasure Mountain Property, comprising 30 mineral claims and a mineral lease over more than 2,200 hectares. Will Whitty, P.Geo., Vice President of Exploration, is the Qualified Person for the company.

Silver Company News
yesterday

Brixton Metals Announces Closing of First Tranche of Non-Brokered Private Placement

(OTCQX:BBBXF) Brixton Metals Corporation has closed the first tranche of a non-brokered private placement offering of national flow-through shares (FT Shares) and critical mineral flow-through shares (CMFT Shares). The company issued 1,323,545 FT Shares at a price of $0.68 per FT Share and 4,978,874 CMFT Shares at a price of $0.71 per CMFT Share, resulting in combined gross proceeds of $4,435,011.14. The gross proceeds from FT Shares will be used to incur “Canadian exploration expenses” and “flow-through mining expenditures” as defined in the Income Tax Act (Canada). The gross proceeds from CMFT Shares will be used to incur “flow-through critical mineral mining expenditures” as defined in subsection 127(9) of the Act. Exploration expenditures are mainly for exploration and drilling at the Thorn Copper-Gold Project in British Columbia and the Langis Silver-Cobalt Project in Ontario. In connection with the Offering, Brixton paid $54,000.60 and issued 79,412 non-transferable common share purchase warrants (Compensation Warrants) to arm’s length parties who assisted in introducing subscribers. Each Compensation Warrant is exercisable to acquire one common share at an exercise price of $0.68 until October 30, 2028. All securities issued in connection with the Offering are subject to a hold period of four months and one day, expiring on March 1, 2027, pursuant to Canadian securities laws. Brixton intends to complete a further tranche of the Offering and will provide additional details once complete. A director of the company participated in the Offering by acquiring 49,295 CMFT Shares. Participation by an insider constitutes a “related party transaction” under Multilateral Instrument 61-101, but is exempt from valuation and minority shareholder approval requirements as the fair market value of the securities issued to the insider does not exceed twenty-five percent of the company’s market capitalization. The company did not file a material change report at least 21 days in advance of closing as the director’s participation had not been confirmed at that time. Brixton wholly owns five exploration projects: the Langis and Hudson Bay silver Projects in Ontario; the Thorn copper-gold-silver-molybdenum Project in British Columbia; the Hog Heaven copper-silver-gold Project in Montana, USA (optioned to Ivanhoe Electric Inc.); and the Atlin Goldfields Project in northwest BC. Brixton holds an option to acquire a 100% interest in the Silvergruvan Project in Sweden. The company’s shares trade on the TSX-V under BBB and on the OTCQX under BBBXF. Mr. Gary R. Thompson is Chairman and CEO. Mr. Michael Rapsch is Vice President Investor Relations.

Silver Company News
yesterday

Bold Ventures and Gold X2 Sign Definitive Agreement for Sale of 42 Claim Units at Burchell

(TSXV:BOL) (OTCQB:BVLDF) Bold Ventures Inc. has signed a Property Purchase Agreement dated October 30, 2026 with Gold X2 Mining Inc. under which Gold X2 will acquire 42 mining claim units along the west boundary of Bold's 242 claim Burchell Property, which adjoins Gold X2's Moss Project. The 42 Claims include an additional 4 mining claim units contiguous to the original 38 claims. Under the terms of the Property Purchase Agreement, Gold X2 will purchase the 42 Claims in exchange for C$500,000 cash, 150,000 common shares of Gold X2, and a 2% NSR royalty on all Canadian Critical Minerals (excluding copper) mined from within the subject claims. Gold X2 retains the right to buy back one half of the NSR (1%) for C$1,000,000 cash. The transaction is subject to approval of the TSX Venture Exchange and is anticipated to close as soon as approval is obtained. Bruce MacLachlan, President and COO of Bold Ventures, commented that the company is pleased to reach a mutually beneficial agreement with Gold X2 and looks forward to the next phase of exploration at Burchell, where Bold will continue to advance its gold, zinc, copper, and rare earth element showings. Bold Ventures' management believes its suite of Battery, Critical, and Precious Metals exploration projects are well positioned to meet future demand. The company's target commodities include copper (Cu), nickel (Ni), lead (Pb), zinc (Zn), gold (Au), silver (Ag), platinum (Pt), palladium (Pd), and chromium (Cr). Bold Ventures explores for Precious, Battery, and Critical Metals in Canada, with properties located in active gold and battery metals camps in the Thunder Bay and Wawa regions of Ontario. The company also holds significant assets in and around the Ring of Fire region in the James Bay Lowlands of Northern Ontario. Bruce MacLachlan is President and COO, and David Graham is CEO of Bold Ventures Inc.

Silver Company News
yesterday

Glen Eagle Announces Filing of Technical Report in Respect of the Morrison Silver Mine Property

(TSXV:GER) Glen Eagle Resources Inc. announced the completion and filing of a National Instrument 43-101 technical report for the Morrison Silver Mine Property located near the Gowganda area of Ontario. The technical report is titled 'Technical Report On The Morrison Mine Project, Gowganda Area, Northeastern Ontario.' The effective date of the technical report is October 6, 2026. The filing date of the technical report is November 2, 2026. The technical report has been filed on SEDAR+ and is also available on the company's website at gleneagleresources.ca. This filing follows the company's September 1, 2026 news release announcing the execution of a definitive option and joint venture agreement with Sparton Resources Inc. (TSXV:SRI) regarding the Morrison Silver Mine Property. The agreement with Sparton Resources Inc. is referred to as the 'Option Agreement.' The technical report was prepared by Paul Chamois, M. Sc. (A), P. Geo., who is identified as a 'Qualified Person' under NI 43-101. Paul Chamois has provided written consent to the filing of the technical report in the form and context in which it appears. Glen Eagle Resources Inc. describes itself as a small producer and exploration company of precious metals in Canada and Central America. The company directs readers seeking further information about the Option Agreement to its September 1, 2026 press release. The Morrison Silver Mine Property is specifically located near the Gowganda area in Ontario. The technical report was prepared in accordance with NI 43-101 - Standards of Disclosure for Mineral Projects.

Silver Company News
yesterday

RZOLV and Aurquest Alaska to Begin Construction of Metal Recovery Facility

(TSXV:RZL) (OTCQB:RZOLF) (FSE:S711) RZOLV Technologies Inc. announced that construction of its metal recovery facility in North Vancouver, British Columbia, is scheduled to begin in November 2026, with expected commissioning by Q1 2027. The facility is being developed in partnership with Aurquest Alaska Inc., which is funding equipment and hardware costs under a bulk-testing agreement. The project has been approved for up to C$121,000 in non-dilutive support through The National Research Council of Canada Industrial Research Assistance Program. The North Vancouver facility will support scale-up validation of RZOLV's proprietary, non-cyanide metal recovery technology for precious and critical metals from mineral ores, concentrates, and selected secondary materials. The plant will integrate RZOLV's leaching technology with downstream metal recovery and process-solution management, including EMEW electrowinning cells to recover dissolved metals and produce a saleable, refinery-ready product. Pilot campaigns will evaluate metal extraction, processing rates, reagent requirements, overall recovery, and the recycling and reuse of process solutions. The facility builds on a bulk-testing agreement between RZOLV and Aurquest to evaluate the technology on gravity concentrates and table tails from Aurquest's Alaskan placer operations, with equipment selection and process design jointly agreed. RZOLV will provide technical expertise, research and development, labour, and chemicals. Subject to positive testing results, the agreement contemplates negotiating a definitive agreement for a potential joint venture with Aurquest for an Alaska-based toll-processing business. The proposed development pathway includes building and shipping an expanded plant to Nome, Alaska, to recover gold from locally sourced black sand concentrates and gravity-processing residues, potentially serving both Aurquest and other regional producers. RZOLV retains ownership of all intellectual property pertaining to the project. Aurquest has delivered approximately 2,150 kilograms of high-grade gold concentrates for the initial pilot program. Gold, silver, and critical-mineral concentrates remain an important commercial focus for RZOLV, with the goal of enabling cost-effective recovery closer to the source and reducing reliance on external smelters and treatment facilities. Duane Nelson, President and CEO of RZOLV, stated that partner funding and non-dilutive government support allow the company to advance its capital-light strategy while generating operating data to evaluate commercial applications and guide the design of a proposed larger facility in Nome, Alaska.

Free Daily Briefing

Stay ahead of the silver market.

The Silver Letter delivers silver company and precious metals intelligence to your inbox, free, every day.

  • Miner spotlights
  • Industrial demand signals
  • Price context & market analysis
  • Free · Every Day

Unsubscribe any time.

About The Silver Letter

Intelligence for the silver market.

The Silver Letter covers the most important silver company announcements, junior miner developments, and precious metals market signals, then delivers them to your inbox daily, free.

Focus

Silver & precious metals only

Frequency

Every Day

Price

Free, always

Format

Email briefing