First Majestic Raises 2026 Silver and Gold Production Guidance

SSR Mining has increased its 2026 growth capital guidance at its Puna operations in Argentina to $20 million from the previously announced $18 million, as it advances additional Chinchillas laybacks, the nearby Melina open-pit target and the Cortaderas project. The Puna operations, which include the fully-owned Chinchillas mine and the Pirquitas property, produced 3.4 million ounces of silver in the first half of 2026, down from 5.4 million ounces a year earlier, but the company expects 6.25-7 million ounces of silver from the operations for the full year, relatively evenly split between the third and fourth quarters. All-in sustaining costs are expected to trend toward the top of the company's 2026 guidance of $20-$22 per ounce, largely due to inflationary pressures. SSRM still expects Puna to produce 95,000-115,000 GEOs in 2026, compared with 112,368 GEOs in 2025, keeping the company on track to meet its full-year guidance of 450,000-535,000 GEOs, a 10% year-over-year improvement at the mid-point. The Zacks Consensus Estimate for 2026 earnings stands at $3.87 per share, up 92.5% year over year, with the 2027 estimate at $3.90 per share, up 1%.

Coeur Mining outlined a record US$158 million exploration program for 2026, with US$24 million allocated to New Afton and US$18 million to Rainy River in Canada. The company reported past exploration results showing extended mineralization and higher-than-expected gold and copper intercepts at its New Afton K-Zone and East Picrite Trend, alongside growth-focused drilling across underground and near-surface targets at Rainy River. The record budget underscores how aggressively Coeur is pursuing potential resource growth and mine-life extension, sharpening the tension between funding aggressive drilling and managing cash flow. The step-up in exploration follows Coeur's move into shareholder returns with a new dividend and a large buyback authorization in early 2026, a balance the company is trying to strike between capital returns and a sizable spend on potential resource growth. Coeur's narrative projects US$5.1 billion in revenue and US$1.5 billion in earnings by 2029, yielding a US$23.95 fair value and 36% upside to its current price, while some of the lowest ranked analysts project about US$5.4 billion of revenue and US$1.9 billion of earnings by 2029 and may now see the exploration push as increasing execution and cost risk.

Advanced Gold Exploration Inc. has executed a non-binding memorandum of understanding with Ameerex Corporation to assume Ameerex's rights to acquire 100% of North American Silver Corporation and, indirectly, Centennial Mining, which together own the Corcoran Canyon Silver-Gold Property and the Belmont Properties in Nye County, Nevada. The Corcoran Canyon Silver Reef Zone carries a historical inferred mineral resource estimate, prepared for Electric Metals (USA) Limited with an effective date of October 12, 2020, of 31.5 million tonnes at 39 g/t AgEq in a pit-constrained estimate at a 20 g/t AgEq cut-off plus 175,000 tonnes at 122 g/t AgEq underground at a 100 g/t AgEq cut-off, for a combined total of approximately 39.7 million ounces AgEq. Advanced Gold expects to assume remaining cash obligations of approximately US$3.4 million payable to the underlying vendor, including approximately US$1.2 million due on or before October 31, 2026, and a further approximately US$2.2 million thereafter, and to issue 4,045,500 common shares to Ameerex at a deemed price of $0.12 per share. The company is in discussions with an arm's-length Qatari investment group on a proposed non-brokered private placement of approximately US$1.2 million at CDN$0.15 per share with one warrant exercisable at $0.20 for two years, and the group has indicated an intention to invest up to a further US$2.5 million. Completion of the transaction remains subject to definitive agreements, the payments described, CSE acceptance and other customary conditions, and the company has also terminated its arrangements relating to the Muriel Marr project in Ontario.

Sparton Resources Inc. announced that filings related to the Morrison Mine Option Agreement are now on the LINX system and the proposed transaction has been conditionally accepted by the TSX Venture Exchange. The temporary trading halt, placed by CIRO on September 1, 2026, remains in effect pending the filing of an NI 43-101 Technical Report under Section 5.6(d)(iii) of Policy 5.3 and resolution of all comments from the Exchange's Compliance and Disclosure Department. An independent NI 43-101 Technical Report has been commissioned and should be completed and filed shortly. Company President A. Lee Barker said the two Morrison Mine transactions give Sparton exposure to silver in an established Canadian silver camp, with Sparton retaining operatorship and intending to use its wholly owned drilling company on a program largely funded by Glen Eagle Resources. Morrison is a past producer that averaged approximately 29 oz/ton of silver over its production life.