Precious Metals

Nativo Resources has signed a conditional letter of intent with Chancery Royalty for project finance and an equity subscription to complete construction and commissioning of phase one of the La Patona Gold Ore Processing Plant in Acarí, Peru. Under the terms, Nativo is expected to receive $3.5m, or £2.62m, in project finance paid through seven equal monthly instalments of $500,000 each, with the first instalment due no later than 31 December 2026 subject to definitive documentation. A separate equity subscription valued at £600,000 will be completed in two stages: a first tranche of 142,857,143 new ordinary shares at 0.21p each to raise £300,000, expected to complete 60 days after the agreement, and a second tranche of an identical number of shares to be settled by the end of September 2026, together granting the new investors a combined 17.4% stake in Nativo's enlarged issued share capital. In return, Chancery will receive a 6% gross revenue share on gold produced at La Patona until receipts equal 3,034 troy ounces of gold. Nativo CEO Stephen Birrell said the agreement provides a clear and fully funded pathway to complete construction and commissioning of La Patona Phase 1, and the company expects the 70 tonnes per day plant to take approximately five to six months to build and commission once resumed, with commissioning targeted for the second quarter of 2027 and future expansions to 350 tonnes per day funded from phase one cash flow.

Pan African Resources PLC reported record gold production of just under 275,000 ounces for its 2026 fiscal year, up about 40% year-on-year, with a second-half annualized run-rate near 290,000 ounces. Revenue rose 114% to $1.1 billion, adjusted EBITDA climbed 169%, and headline earnings surged 207% to $358 million, or $0.1764 per share, as the average US dollar gold price received rose 55% and the group remained unhedged throughout the year. The company ended the year debt-free with $246 million in cash and short-term investments and $79 million in undrawn facilities, after repaying $149 million including $119 million voluntarily. The board proposed a record final dividend of ZAR0.65 per share plus a maiden interim dividend of ZAR0.12, for a total of ZAR0.77 per share, up 108% and worth roughly $113 million, and approved a share buyback of up to ZAR500 million, about $30 million, commencing October 2026. For FY27, the company guided production to 280,000 to just over 300,000 ounces, skewed to the second half, with group capital spending of approximately $330 million.

Empress Royalty Corp. announced that trading in its common shares is scheduled to resume at market open on Friday, September 18, 2026, after being halted by the Canadian Investment Regulatory Organization on September 17, 2026 pending news of a US$62M acquisition and related US$75M debt financing. The company's wholly-owned subsidiary, Empress Royalty Holding Corp., has entered into a Stream Purchase Agreement with Appian Tongon Streamco Ltd. to acquire a gold stream on the Tongon Gold Mine in Côte d'Ivoire for an upfront cash payment of US$62M. In connection with the acquisition, Empress Holdings, as borrower, has also entered into a US$75M senior secured credit facility with Appian Empire Loanco Ltd., consisting of an initial draw of US$55M at closing to partially fund the acquisition and a further US$20M available to fund future royalty and stream acquisitions. CEO and President Alexandra Woodyer Sherron called the Tongon gold stream a landmark addition to Empress' portfolio and the company's entry into West Africa, one of the world's premier gold producing regions. The company said full details of the transaction are set out in its news release dated September 17, 2026.

Allied Gold Corporation said the Kurmuk Mine in Ethiopia has energized its power line to the national grid and fed first ore through the crushing circuit as the project moves toward completing commissioning and transitioning to operations. The 88-kilometre, 132-kV power line and related substations were completed by Ethiopian Electric Power and now supply sufficient power to finish commissioning and advance ramp-up, under a 20-year power purchase agreement at a fixed rate of approximately US$0.04 per kilowatt-hour. Earlier this month first ore was delivered to the commissioned crushing circuit, and the full handover of that circuit from the commissioning team to the operations team is underway, with first ore expected in the grinding circuit in the coming weeks and first gold to follow soon thereafter. Mining continues to advance as planned, with an ore stockpile of approximately one million tonnes established and planned to grow to nearly 1.5 million tonnes, or three months of ore feed ahead of full circuit commissioning, initially from the Dish Mountain and Ashashire open pits. The mine holds 2.7 million ounces of Proven and Probable Mineral Reserves and is expected to produce 240,000 to 270,000 ounces in its first full year and approximately 300,000 ounces the following year, averaging at least 240,000 ounces per year over an initial 15-year mine life.

Lahontan Gold has agreed to acquire all issued and outstanding shares of Emergent Metals, consolidating its ownership of the West Santa Fe project and expanding its land position in Nevada, US. Under the terms, Emergent Metals shareholders will receive one Lahontan share for every 3.21 Emergent shares held, an implied value of C$0.115 per Emergent share, and existing Lahontan shareholders are expected to control approximately 95.3% of the combined company while Emergent shareholders hold the remaining 4.7%. The deal gives Lahontan Gold full ownership of West Santa Fe and immediately eliminates approximately C$2.39m in future payments that would otherwise have been required to acquire the remaining interest, and it removes a 1% net smelter return royalty previously payable to Emergent on both West Santa Fe and 27 York claims recently acquired at the Santa Fe Mine project. Two million Lahontan shares previously issued to Emergent for the York claims will be returned to Lahontan's treasury, valued at roughly C$770,000 based on a 30-day volume-weighted average price of C$0.385 as of 15 September 2026. Lahontan will also obtain the New York Canyon project south of the Santa Fe Mine, assume a $3.5m promissory note issued by Fairchild Gold to Emergent following the sale of the Golden Arrow property, and acquire 12.5 million Fairchild shares plus a 0.5% NSR royalty on Golden Arrow, along with properties and royalties in Quebec and a package of leased claims in Nevada. Completion remains subject to approval by Emergent shareholders, court orders, TSX Venture Exchange acceptance and regulatory consents.

SSR Mining's Cripple Creek & Victor mine, acquired in March 2025, produced 66,023 ounces of gold in the first half of 2026, up 19.3% year over year, after contributing 28% of company revenues and 124,557 ounces in 2025. The Colorado open-pit operation hosts 2.7 million ounces of gold Mineral Reserves plus 4.8 million ounces of Measured and Indicated resources as of 2025-end, and including the Marigold mine, SSR Mining's total U.S. Mineral Reserves stand at around 6 million ounces of gold. The company expects CC&V production of 125-150 thousand ounces for 2026, a 10% year-over-year increase at the midpoint, with 50-55% of remaining production weighted to the fourth quarter, while all-in sustaining costs are expected to trend toward the top of the 2026 guidance range of $1,780-$1,850 per ounce. SSR Mining also raised growth capital guidance for the mine to $60 million from $55 million. The Zacks Consensus Estimate for 2026 earnings is $3.87 per share, up 92.5% year over year, with 2027 at $3.90 per share, and the stock carries a Zacks Rank #3 (Hold).

Founders Metals Inc. has completed the acquisition of the remaining 30% of Lawa Gold N.V. from Nana Resources N.V., giving it a 100%, royalty-free interest in the 102,360-hectare Antino Gold Project in southeastern Suriname. Concurrently, the company closed a C$76,958,864 strategic investment by Gold Fields Netherlands Services B.V., an affiliate of Gold Fields Limited, issuing 14,146,850 common shares at C$5.44 each and lifting Gold Fields' ownership to approximately 19.9% from roughly 12.5%. Under the transaction, Nana received US$17,000,000 in cash and 13,568,944 common shares, and is entitled to up to US$21,000,000 in contingent cash milestone payments tied to mineral resource estimate, permitting, construction, and production milestones. Proceeds from the Gold Fields investment funded the cash portion of the consideration, with the balance expected to fund regional exploration, working capital, and general corporate purposes. President and CEO Colin Padget said Gold Fields' decision to increase its position to 19.9% is a strong endorsement of Antino's potential and leaves Founders well funded to advance both known targets and greenfields exploration across the district.

Barrick Mining Corporation shares rose 1.2% to $43.06 in pre-market trading after coverage was initiated with a Buy rating, with the source of that rating not identified in the announcement. The new recommendation coincided with Bernstein lowering its price target for Barrick to $56.50 from $61, a figure that remains above the pre-market share price. Separately, Barrick reported that second-quarter 2026 net earnings increased by approximately 50% compared with the same period a year earlier, though the company did not announce new financial guidance. The moves came as gold prices recovered above $4,300 per ounce after the Federal Reserve raised its benchmark interest rate by 25 basis points to a target range of 3.75%–4.00%, its first increase in three years, with policymakers indicating the possibility of another increase before the end of 2026. Major US equity indices also advanced, with the S&P 500 up 0.9%, the Dow Jones up 0.8% and the Nasdaq up 1.1%.

Trident Resources Corp. reported high-grade gold from the first three holes of its 2026 summer drill program at the Contact Lake Project in Northern Saskatchewan's La Ronge Gold Belt. Hole CL26050 returned 8.69 g/t gold over 11.97 metres from 613.03 metres depth, including 31.98 g/t Au over 3.16 metres, an intercept located 220.00 vertical metres below the lowest mine workings in the Main Zone, known as BK1. The two shallower holes tested the Buffer Zone between the BK1 and BK3 zones, with CL26049 returning 3.46 g/t Au over 15.00 metres and CL26051 returning 6.43 g/t Au over 7.45 metres. The company said the summer program has completed seventeen drillholes totalling 12,066 metres of an anticipated 20,000-metre program, leaving approximately 8,000 metres to drill, with assays expected through Q4 2026 and into Q1 2027. Trident reported roughly $20 million in cash and marketable securities to fund the work. The past-producing Contact Lake mine, operated by Cameco until its 1998 closure at a depth of only 340.00 metres, produced approximately 190,000 ounces of gold at an average head grade of 6.16 g/t Au.

Silver One Resources Inc. reported assay results from the first two holes of its 25,000-metre 2026 reverse-circulation drilling campaign at the Candelaria Project in Nevada, with hole SOC26-196A extending mineralization roughly 400 metres down-dip north from the nearest hole used in the 2025 resource estimate. That hole intersected 9.14 metres averaging 472 g/t silver, 0.60 g/t gold, 0.87% lead and 1.10% zinc, or 540 g/t silver equivalent, within a broader 25.91-metre zone averaging 215 g/t silver, 0.33 g/t gold, 0.43% lead and 0.55% zinc, or 250 g/t silver equivalent, with mineralization beginning at 542.55 metres depth. Hole SOC26-197 returned 3.05 metres averaging 454 g/t silver, 0.68 g/t gold, 1.45% lead and 1.77% zinc, or 539 g/t silver equivalent, from 391.67 metres, plus a further 4.58 metres averaging 112 g/t silver, 0.16 g/t gold, 0.24% lead and 0.42% zinc, or 131 g/t silver equivalent, from 403.86 metres. A total of 2,077 metres has been drilled in four holes, with assays received for two and results for the remaining two pending; National Drilling is preparing to mobilize by month-end to resume the program through fall and winter. President and CEO Greg Crowe said the grades, thicknesses and the 400-metre down-dip extension highlight the continuity of the system, and the company noted that 2023 metallurgical testing showed sulphides respond well to flotation, with average recoveries of 62% silver, 72% gold, 50% lead and 37% zinc, and cyanidation of flotation tails lifting silver recovery to an average of 77.5% and gold to 82%. Silver One also said it will proceed with a pre-feasibility study using conventional cyanide extraction on both fresh open-pit and heap leach material, aiming to complete it by year end before updating and renewing existing permits ahead of a production decision.

Newmont has resolved uncertainty around its Fourmile project interests involving Barrick Mining, closing a major project question mark. UBS views the clarification of Fourmile ownership and collaboration terms as a meaningful shift in Newmont's long term project pipeline, and argues the agreement is not yet fully reflected in how the market prices Newmont's future prospects. Newmont is a US based gold producer with a reported market value of about $130.0b, so decisions on projects like Fourmile can influence a sizeable portion of the global listed metals and mining universe. The Fourmile resolution leans into the bullish side of the Newmont Narrative, giving the company clearer exposure to a high quality Nevada resource base alongside Nevada Gold Mines and expansion projects such as Ahafo North and Tanami. The bear case is not cleared away, as bringing Fourmile and related properties into the joint venture adds execution and capital allocation questions similar to the Newcrest integration, especially with competitors like Barrick and Agnico Eagle chasing the same high quality ounces.

Pan American Silver Corp. reported estimated mineral reserves and mineral resources as at June 30, 2026, with proven and probable mineral reserves estimated to contain approximately 511.1 million ounces of silver and 6.3 million ounces of gold. Measured and indicated mineral resources, excluding proven and probable reserves, are estimated to total approximately 1,126.7 million ounces of silver and 7.5 million ounces of gold, while inferred mineral resources are estimated at approximately 437.0 million ounces of silver and 7.2 million ounces of gold. The figures include Pan American's 44% attributable share of the Juanicipio mineral reserves and mineral resources following the completion of its acquisition of MAG Silver Corp. on September 4, 2025. President and CEO Michael Steinmann said the company replaced over 100% of the silver extracted, with exploration success at La Colorada, Jacobina and Timmins, and noted that La Colorada added 3.5 million ounces of contained silver to proven and probable reserves net of depletion. As of August 31, 2026, Pan American had completed 351,000 metres of drilling toward a planned total of over 500,000 metres for calendar 2026, focused on near-mine exploration for reserve replacement.

Wescan Goldfields Inc. announced that high-resolution unmanned aerial vehicle magnetic and LiDAR surveys are now underway at its Munro Lake Project in northern Saskatchewan. The surveys cover approximately 520 line-kilometres on 30-metre flight lines with 300-metre tie lines, spanning roughly 11.6 square kilometres along the project's 7-kilometre mineralized trend, and are designed to map the faults and contacts that are favourable targets for gold mineralization ahead of the Company's 2026 drill campaign. The work is being flown by TUZO GeoSurveys Corp. of Calgary under the direction of its Chief Executive Officer, Chase Wood, P.Geo., M.Sc., whose M.Sc. thesis mapped the adjacent Seabee/Santoy gold complex; he will also complete limited structural mapping in the southeast zone, where Wescan's 2013 diamond drilling intersected 67.1 g/t gold over 1.00 metre in drill hole EXML-002 and 7.1 g/t gold over 1.02 metres in EXML-001. Survey data will be integrated with historical drilling, surface grab samples and geological mapping to refine the structural interpretation and prioritize drill-ready targets. Munro Lake lies 7 kilometres northeast of SSR Mining's Seabee mine and mill complex, Saskatchewan's only producing gold operation.

Wesdome Gold Mines Ltd. reported that drill hole SH-26-001 at its wholly-owned Kiena mine near Val-d'Or, Quebec, intersected 3.1 g/t Au uncapped over 106.5 metres core length, or 2.6 g/t Au capped, at the Shawkey 10 target. The hole, a follow-up to S-21-831 which intersected 2.3 g/t Au over 72.0 metres in 2021, approximately doubles the grade thickness of that previous intersection and expanded the interpreted thickness of the diorite host rock from approximately 80 metres to more than 200 metres, with mineralization throughout. The broad interval included 20.4 g/t Au uncapped over 10.8 metres, 5.6 g/t Au over 6.2 metres and 3.1 g/t Au over 9.2 metres, and at depth the hole also cut a broad zone of 250 metres of mineralization hosting another eight intercepts grading over 1.0 g/t Au, including 1.6 g/t Au over 23.4 metres from 914 metres. President and Chief Executive Officer Anthea Bath said the results provide further evidence of the scale and breadth of the Kiena system and a meaningful step forward in understanding what the Kiena East corridor, currently comprising the Shawkey 10, Shawkey Mine, 134 and Dubuisson zones, could become. To date, a total of 102 surface drill holes, including SH-26-001, have been completed at Shawkey 10 for a total of 25,725 metres, and the company said Shawkey 10 remains open down-plunge and along strike as a high-priority growth target.

First Au has announced a proposed all-scrip, off-market takeover of Javelin Minerals that would combine the two companies' gold projects in the Eastern Goldfields region of Western Australia. The two companies have entered into a binding takeover implementation deed, and the deal has been recommended by Javelin's board, subject to customary conditions including an assessment by an independent expert. Under the agreement, First Au's Riverina East and Gimlet gold projects would be merged with Javelin's Eureka and Coogee projects, all located near Kalgoorlie, and the enlarged group would hold total reported mineral resources of around 350,600oz of gold across the combined brownfield sites. Javelin shareholders would receive 11.7647 newly issued First Au shares for each Javelin share, or 0.5882 First Au shares per Javelin share if First Au completes its proposed 20:1 capital consolidation, leaving Javelin shareholders with approximately 48.7% of First Au and First Au shareholders with 51.3%. The transaction is conditional on a minimum acceptance of 50.1% from Javelin shareholders and other regulatory and operational criteria, and the Javelin board has unanimously recommended that shareholders accept the offer, subject to there being no superior proposal. First Au executive chairman Daniel Raihani said the transaction brings together two complementary Western Australian gold portfolios, experienced management teams and aligned shareholder bases under a single platform, with a combined resource base of over 350,000oz of gold across Gimlet, Eureka and Coogee supported by exploration upside at Riverina East. Hamilton Locke is advising First Au on legal matters, while Steinepreis Paganin is providing legal counsel to Javelin Minerals.

Minerals 260 has secured commitments to raise $178.2m, or A$250m, before costs through a two-tranche share placement to fund the next stage of development at its Bullabulling Gold Project in Western Australia. The placement, priced at A$0.88 per share for 284,090,910 fully paid ordinary shares, includes a A$30m cornerstone investment from the Franco-Nevada Corporation and matches the company's closing share price on 11 September 2026, a 3.5% premium to the ten-day volume-weighted average price of A$0.85. Minerals 260 will also offer a share purchase plan to eligible shareholders to raise up to an additional A$30m at the same price. Combined with the placement proceeds, the expected share purchase plan outcome, A$170m in previously secured royalty funding from Franco-Nevada and a cash balance of approximately A$183m as of 14 September 2026, the company expects to have roughly A$633m available for development before transaction costs, against a total estimated pre-production capital requirement of A$855m. Final investment decisions are expected in the first quarter of 2027, and the Bullabulling project carries a mineral resource estimate of 190 million tonnes grading one gram per tonne gold for 6.2 million ounces on granted mining leases.

Kootenay Silver Inc. reported assay results from expansion drilling along the D Vein at its Columba High-Grade Silver Project in Chihuahua, Mexico, part of a staged 60,000-metre drill program of which more than 29,700 metres have been completed. Results from 42 holes have now been reported, with an additional 14 holes awaiting assays, and the drilling has tested and expanded the D Vein to approximately 1,320 metres of strike and to depths of up to 600 metres below surface. The Columba maiden inferred Mineral Resource Estimate totals 54.1 million ounces of silver contained in 5.92 million tonnes grading 284 grams per tonne silver. Highlights include hole CDH-26-253, which intercepted 274 grams per tonne silver, 0.1 percent lead and 0.2 percent zinc across 6.28 metres, including 509 grams per tonne silver over 2.40 metres, and hole CDH-26-243, which returned 178 grams per tonne silver, 0.1 grams per tonne gold, 0.1 percent lead and 1.2 percent zinc over 17 metres. Kootenay President and CEO James McDonald said the phase of drilling on the D Vein is now largely complete and focus is shifting to expansion drilling on other priority veins, including Lupe/B2, J and La Preciosa, with the next drill hole release expected soon from the high-priority Lupe/B2 system. The company said it is fully funded through completion of the current 60,000-metre exploration drill campaign, with drilling continuing using two drills.

Star Gold Corp. has launched a Regulation A public offering that opens its Nevada gold-silver project to non-accredited investors, the company announced on Sept. 16, 2026. The offering gives everyday investors access to perks unavailable on the open market, including bonus shares and physical Star Gold silver or gold bars, with proceeds earmarked for final permitting costs, resource expansion drilling, and advancement of the Environmental Impact Statement required for production approval. The company's flagship Longstreet Gold-Silver Project in Nevada's Walker Lane Belt holds an estimated 213,000 gold-equivalent ounces, comprising 132,414 ounces of gold and 4,839,931 ounces of silver, as identified in a December 2025 SK-1300 Technical Report, a resource defined on less than 2% of the land package the company controls, with eight additional exploration targets identified. Star Gold said it has received U.S. Forest Service approval of its Plan of Operations and Bureau of Land Management approval to advance the development program, completed baseline wildlife, biological, cultural, and archaeology studies, and secured private water rights, with the Environmental Impact Statement process now underway and estimated at approximately 12 months followed by potential Plan of Operations approval. CEO Lindsay Gorrill said most key regulatory approvals are now in hand and that gold remains a safe haven for investors, adding that the company looks forward to advancing Longstreet toward production. Gold has climbed above $4,000 per ounce, and Nevada produced 75% of U.S. gold in 2024.

Tocvan Ventures Corp. reported new drill results from the El Mezquite trend at its 100%-owned Gran Pilar Gold-Silver Project in Sonora, Mexico, where hole JES-26-172 returned 81.1 metres of 0.48 g/t gold and 3.3 g/t silver from 13.5 metres, including 47.7 metres of 0.80 g/t gold and 5.0 g/t silver, and a high-grade core of 2.75 metres of 8.44 g/t gold and 54.0 g/t silver. The company said the hole confirms near-surface mineralization on the trend and builds on discovery hole JES-26-155, which returned 215 metres of 0.6 g/t gold from 36.6 metres, and initial hole JES-26-135, which returned 22.9 metres of 0.6 g/t gold from surface. Step-out hole JES-26-169 extended known mineralization approximately 100 metres further north, and together the results support a continuous corridor now traced over about 1,400 metres, located 1.6 to 1.9 kilometres east of the Main Zone and the planned 50,000-tonne pilot facility, with existing road access. Chief Executive Officer Chris Gordon said El Mezquite now has width, grade, strike and infrastructure, adding that the system sits less than two kilometres from the company's permitted pilot plant. Tocvan said step-out and infill RC and core drilling will continue along the roughly 1,400-metre El Mezquite trend, with 11,865 metres drilled in the 2026 program and 3,883 metres of assays pending, as it advances the permitted 50,000-tonne heap-leach pilot facility toward first gold-silver doré targeted in the fourth quarter of 2026.

Barton Gold Holdings Limited announced that the latest assays from its 39,000m Phase 2 reverse circulation Resource upgrade drilling have further confirmed new high-grade mineralisation within the shallow, central portion of the existing high-value Starter Pit outlines at its South Australian Tunkillia Gold Project. Highlighted intercepts include 21m at 3.62 g/t Au from 57m depth in hole TKB0667, 50m at 1.45 g/t Au from 62m depth in TKB0668, 11m at 8.73 g/t Au from 68m depth in TKB0674, 20m at 2.06 g/t Au from 50m depth in TKB0676, 10m at 4.30 g/t Au from 54m depth in TKB0693, 19m at 1.72 g/t Au from 132m depth in TKB0712, 42m at 1.12 g/t Au from 139m depth in TKB0714, and 11m at 2.71 g/t Au from 59m depth in TKB0749. Barton said the broad, shallow high-grade infill results reinforce the theory for new shallow high-grade mineralisation targeted by the Phase 2 drilling expansion, potentially increasing the grade profile for Tunkillia's upcoming PFS with material implications for the project's already robust modelled economic returns. A final batch of Phase 2 drilling assays is still pending, after which Barton will prepare comprehensive cross sections and progress to updated gold and silver JORC Mineral Resource Estimates, with the PFS on track for Q1 CY27. Managing Director Alexander Scanlon said the infill drilling assays continue to surprise to the upside, providing further support for a new bonus zone of high-grade mineralisation sitting on top of that already modelled in the high-value Starter Pits, and noted recent Government approval of the project's environmental Scoping Report as a first step in its Mining Lease application processes.

Bullfrog Gold Corporation has announced a non-brokered private placement of up to 25,000,000 units at C$0.20 per unit for gross proceeds of up to C$5,000,000. Each unit consists of one common share and one half-warrant, with each whole warrant exercisable at C$0.30 per common share for 24 months from closing. The offering is scheduled to close on or about September 29, 2026, subject to regulatory approvals including conditional approval from the TSX Venture Exchange, and all securities will carry a four-month plus one day hold period. Net proceeds will fund exploration at the South Bullfrog project in Nevada and general working capital, with finders' fees of up to 6% cash and 6% in non-transferable broker warrants exercisable at C$0.20 per share payable to eligible persons. Insider participation is anticipated and will constitute a related-party transaction under MI 61-101, with Bullfrog relying on exemptions from formal valuation and minority shareholder approval requirements. SCP Resource Finance and Integrity Capital Group are acting as non-exclusive financial advisors in connection with the offering.

Auro Metals Inc. reported the fifth batch of assay results from its 2026 Phase I drill program at the 100%-owned Santa Barbara Gold-Copper Project in southeastern Ecuador, highlighted by drillhole DSB-68, which intersected 905.22m grading 0.60 g/t gold and 0.12% copper from 56.5m to 961.72m. DSB-68 is the longest and deepest hole drilled at Santa Barbara to date, reaching 1,282m, and CEO Victor Feng said it returned the best reportable intercept at the Project on a gram-by-metre basis, including all historical drilling. Drillhole DSB-70 intersected 262.5m grading 0.71 g/t gold and 0.10% copper from 10m to 272.5m, including 100.45m grading 1.01 g/t gold and 0.11% copper, while DSB-69 returned 103.05m grading 0.53 g/t gold and 0.09% copper and 200.55m grading 0.59 g/t gold and 0.08% copper, including 57.83m grading 1.06 g/t gold and 0.10% copper. The three holes are part of the Phase I program, which totaled 11,047.35m across 22 drillholes, with results for 17 holes published to date and the remaining 5 pending. The Company has continued without interruption into its Phase II 20,000m drill program, adding three KD1700 rigs each capable of drilling more than 1,000m, with a subsequent Phase III program expected to dovetail with the conclusion of Phase II.

Pan American Silver Corp. expects silver segment all-in sustaining costs of $15.75-$18.25 per ounce for 2026, a 22% year-over-year increase at the midpoint, after first-half 2026 AISC came in at $12.64 per ounce, 24% below the year-ago period and under the company's guidance of $14.87-$17.25. The first-half improvement was driven largely by the Juanicipio mine, acquired in September 2025, which posted AISC of negative $4.50 per ounce in the first half of 2026, though Juanicipio's full-year 2026 AISC is expected between $2.25 and $4.25 per ounce on higher contractor, labor and energy costs. Cerro Moro posted negative $64.87 per ounce in the first half of 2026 and is guided to negative $25.75 to negative $21.75 per ounce for 2026, versus negative $14.04 per ounce in 2025. Offsetting those gains, La Colorada's 2026 silver segment AISC is expected between $33.25 and $35.75 per ounce, above the $24.85 record in 2025, and Huaron is guided to $27.75-$29.75 per ounce, up from $21.55 per ounce in 2025. Among peers, Avino Silver & Gold Mines reported first-half 2026 AISC of $36.52 per silver-equivalent ounce, up 78% year over year, while Hecla Mining reported first-quarter 2026 silver AISC of $7.10 per ounce and guides 2026 silver segment AISC to $12.50-$13.50.

Adyton Resources Corporation has corrected a typographical error in its September 15, 2026 news release, clarifying that it is targeting commercial production at its Fergusson Island Project in the fourth quarter of 2026, not Q427 as originally stated. The correction applies to the Fergusson Island Progress Update section of the release, which had carried the erroneous Q427 target. All other information in the September 15, 2026 news release remains unchanged. Adyton holds a total Mineral Resource Estimate inventory across its Papua New Guinea portfolio of 441,000 ounces of indicated gold and 2,086,000 ounces of inferred gold. The Feni Island Project has an initial inferred mineral resource of 60.4 million tonnes at an average grade of 0.75 g/t Au for contained gold of 1,460,000 ounces, while the Fergusson Island Project has an indicated mineral resource of 10.19 million tonnes at 1.35 g/t Au for 441,000 ounces and an inferred resource of 21.2 million tonnes at 0.92 g/t Au for 626,000 ounces.

TruSilver Corp. has completed $2.5 million of its concurrent financing, satisfying the minimum financing condition for its Qualifying Transaction with Galaxy Ventures Inc. The financing raised aggregate gross proceeds of $2,510,090 through 7,871,440 hard-dollar subscription receipts at $0.25, 807,434 flow-through subscription receipts at $0.30, 800,000 units issued directly to related parties at $0.25, and 333,334 flow-through common shares issued directly to related parties at $0.30. Effective September 3, 2026, Matt Rees, formerly Chief Geologist at IAMGOLD Corporation, was appointed Vice-President, Exploration and a director of TruSilver, replacing co-founder James Michaelis, who becomes Strategic Technical Advisor. Galaxy has submitted its updated Filing Statement and supporting materials, and TruSilver has reserved the ticker symbol TAG, targeting a TSX Venture Exchange listing in fall 2026 subject to Exchange approval and remaining closing conditions. The parties anticipate completing the Qualifying Transaction in fall 2026, with TruSilver planning a Phase 1 work program at its Sturgis-Walton Silver Project and diamond drilling anticipated to begin in the fall of 2026, followed by a Phase 2 program of approximately 3,500 metres.

Thor Explorations Ltd. announced encouraging maiden reverse circulation drilling results from its Marahui Gold Project in northeastern Côte d'Ivoire, highlighted by 6 metres at 6.20 grams per tonne gold from 74 metres in hole MRRC26-115, 6 metres at 5.60 g/t gold from 129 metres in MRRC26-008 and 9 metres at 5.40 g/t gold from 40 metres in MRRC26-012. The company has completed 18,439 metres of its budgeted 25,000-metre RC program across 171 drillholes, with assays still pending for a number of holes. Mineralisation occurs in a subvertical, en-echelon vein array within a north-westerly-trending shear corridor roughly 200 metres wide and extending more than 4 kilometres along strike, with individual veins showing apparent strike continuity of up to 700 metres and estimated true widths of up to about 7 metres. Drilling has tested only approximately 30% of the overall geological trend, and additional geochemical anomalies have been identified for drill testing in the coming months. President and CEO Segun Lawson said the results reinforce confidence in the licence and open up a material new exploration opportunity for Thor's Côte d'Ivoire portfolio, which also includes the 100% owned Guitry Gold Exploration Project and an option to earn up to an 80% interest in the Boundiali Exploration Permit.

Orosur Mining Inc. announced a grassroots discovery at its El Cedro prospect within the Anzá Project in Colombia, where the first hole ever drilled on the target intersected a broad zone of gold mineralization from surface. Hole CED001 returned a composite intersection of 61.35m at 0.93g/t Au from surface, including 42.15m at 1.02g/t Au from 19m, with the final sample of the assayed interval returning 1.25g/t Au. The hole, which is currently at 130m and planned to extend to 500m by the end of the month, also entered a wide zone of polymetallic veining at roughly 99m downhole, containing pyrrhotite, pyrite, galena, sphalerite and locally chalcopyrite, with assays pending. El Cedro is one of three prospects at Anzá, alongside Pepas and APTA, and lies roughly 4km south of the APTA base camp within the Mid-Cauca gold belt west of Medellín. Samples from 61.3m to 86m were submitted for assay this week, and two more holes are planned from the same pad once CED001 is complete. CEO Brad George said real grassroots discoveries have become very rare in modern times, and that the company possibly has two so far.

Mae Thong Suk Central Co., Ltd., part of the MTS Gold group, said it plans to use no less than 90% of the funds raised from the sale of MTS Gold Investment Tokens to purchase 96.5% gold bars as inventory to support the Mae Thong Suk gold shop business across all 13 branches. The remaining amount, not exceeding 10%, will be used as working capital. Investors will receive a fixed return of 3.00% per year, paid once a year, throughout the 3-year project term, and will receive their full initial investment back at maturity. They also have the opportunity to receive a bonus from gold price differential profits if the average selling price at project closure is higher than the average purchase price at the start of the project. Assawinee Srisomboonnanon, Managing Director of Cubix Digital Asset Co., Ltd., the service provider for the digital token offering system under Orbix Group in the financial business group of Kasikorn Bank, said this project marks a new phenomenon in converting the gold bar trading business into digital tokens for investment. The token requires the issuer to maintain liquid current assets of no less than the funds raised throughout the project term, with monthly audits by Cubix.

Twenty Mile Metals Inc. announced it intends to complete a non-brokered private placement of up to 25,000,000 common shares at a price of $0.08 per share for aggregate gross proceeds of up to $2,000,000. The common shares issued under the offering will bear a hold period of four months and a day from closing, in accordance with applicable securities laws and the policies of the TSX Venture Exchange. The company may pay finders' fees in connection with the offering, and completion is subject to certain conditions, including receipt of all necessary regulatory approvals and acceptance of the TSXV. Twenty Mile Metals said it intends to use the net proceeds for general exploration activities and general corporate purposes. The Vancouver-based mineral exploration company is advancing precious-metals and critical minerals projects in British Columbia.

Q-Gold Resources Ltd. announced that its summer 2026 exploration program at the Mine Centre Gold Project returned select grab sample assays of up to 600 g/t gold and advanced multiple high-priority targets for a planned diamond drilling campaign later in 2026. Across more than three field rotations from June through August 2026, the program generated 222 grab samples and 126 channel samples, excluding quality-control samples, combining geological mapping, vein tracing, prospecting, grab sampling and systematic channel sampling across targets north and south of the historic Foley Mine. Select grab samples from the Ferguson Showing returned 600 g/t, 73.4 g/t, 57.8 g/t and 44.0 g/t gold along a northwest-striking vein approximately 500 m southwest of the historic Golden Star Mine, while samples from a quartz vein approximately 1.2 km south of the historic Manhattan Gold Vein Mine returned 46.6 g/t and 34.7 g/t gold, and samples approximately 300 m south of the Foley Mine returned 95.1 g/t and 89.8 g/t gold within the broader Vowel, Jumbo and Bonanza multi-vein systems. Assays have been received for the first two rotations, while all 126 channel sample assays and the remaining third-rotation grab sample assays remain pending. QGold said it is integrating the results with new geological mapping, vein tracing and structural measurements to rank drill targets across North Foley, South Foley, Nugget, Ferguson and Pacitto, with the planned campaign expected to increase drill density around the previously drilled Foley Mine and test select surface targets identified by the 2026 program. Chief Operating Officer Dr. Andreas Rompel said the high-grade grab sample results at Ferguson and South Foley warrant systematic follow-up, and that pending channel assays will be combined with mapping and structural data to prioritize targets for the planned drill campaign.

Millennium Silver Corp. has mobilized a drone magnetic survey crew to its Silver Peak silver-gold project in Esmeralda County, Nevada. SJ Geophysics Ltd., with field support from Zonge International Inc., is flying a high-resolution UAV magnetic survey covering approximately 420 line-kilometers at 50-meter and 25-meter line spacing. The survey is designed to map structures hosting historic silver-gold mineralization at the past-producing Nivloc and 16-to-1 mines and to support target generation on satellite veins ahead of the company's 2026 resource-expansion drill program. The current Inferred Mineral Resource sits on the Nivloc Structure, which remains open along strike and at depth, with less than 20% of the greater than 2,500-meter structure tested by drilling. Maps, 3D inversions and interpretation are targeted within about six weeks of field completion. President and CEO Robert Drago said the results will be used to more clearly focus the 2026 drill program.

Largo Inc. announced a debt-restructuring agreement with Caixa Econômica Federal and its first sales of copper-platinum group metals concentrate. The definitive agreement with Caixa Econômica Federal was signed on September 11, 2026, following the binding term sheet announced on August 20, and Largo expects to enter similar agreements with its remaining Brazilian bank lenders. Separately, Largo extended the maturity of a $6.0 million promissory note with ARG International AG to February 2028 from February 2027, subject to a fee equal to 1% of the principal amount. The initial copper-PGM concentrate sales, made through agreements with two trading companies and a European smelter, are expected to generate approximately $4.7 million in cash proceeds during September 2026, while the first shipment under Largo's contract with the US Defense Logistics Agency is expected to arrive at a US port in late September. Largo also said its 2026 vanadium production is now expected to be at the lower end of its previously announced guidance range as it temporarily reduces mining activity and processes existing stockpiles, and it announced that Jim Bannantine will lead its commercial department while Francesco D'Alessio leaves to take a chief executive position elsewhere.

Blackrock Silver Corp. has received conditional approval to list its common shares on the Toronto Stock Exchange and has established an at-the-market equity distribution program to provide longer term financial alternatives. Final TSX approval remains subject to customary conditions, after which the shares will be delisted from the TSX Venture Exchange and continue trading under the symbol "BRC" with no change in CUSIP. The ATM allows Blackrock to issue and sell, at its discretion, common shares with an aggregate sale price of up to C$50,000,000 through Research Capital Corporation as lead agent, alongside BMO Nesbitt Burns Inc., Canaccord Genuity Corp., National Bank Financial Inc. and Raymond James Ltd. The company will pay the agents cash compensation equal to 2.5% of gross proceeds from any sales, and the program runs until the earlier of selling all shares or September 18, 2027. President and CEO Andrew Pollard said the senior exchange broadens the range of institutional investors able to consider Blackrock and that the ATM adds optionality rather than filling a funding requirement, with the company well funded to complete its 17,000 metre drill program and advance permitting for an initial underground decline in 2027. Net proceeds, if any, are expected to fund exploration and development of the Tonopah West mineral property, working capital and general corporate purposes.