Salazar Resources says construction at the Curipamba-El Domo project, operated by Silvercorp, has been slowed by heavy rain. Salazar holds a 25% interest that is fully carried through commercial production. Silvercorp reported rainfall 489% above the six-year average in its fiscal second quarter, with construction suspended for 77 days, though about 1.0 million cubic metres of excavation and pre-stripping were completed, process plant foundations are done, and the first major long-lead equipment has arrived in Ecuador. Drilling has started at the Yumi gold-silver veins on the 100%-owned Tarqui project, with a first phase of approximately 1,500 metres in five holes, followed by up to approximately 3,500 metres in four holes at the Monja target from Q1 2027. Salazar has also engaged Minera IR for investor relations at C$6,000 per month and finalized a marketing agreement with Market Equities, both subject to TSXV acceptance.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Yahoo Finance ↗
Keywords
Open a keyword to see other news on the same topic.
Related tickers and likely impact
XAU/USD
• NeutralRelevance: low
| Market | Gold |
|---|---|
| Close on 10/26/2026 | 4,017.27 |
| Change that session | +0.54% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Salazar Resources to Begin Drilling the Yumi Gold-Silver Veins at Tarqui, with Porphyry Drilling Planned at Monja, Ecuador
Salazar Resources closed a $3,500,000 non-brokered private placement announced on October 8, 2026, and outlined its exploration plan. Phase 1 is about 1,500 metres of drilling in five holes at the Yumi gold-silver veins on its 100%-owned Tarqui project, with drilling expected to begin in late October 2026, and the veins have not previously been drilled. Selective rock-chip samples returned 105 g/t Au and 1,038 g/t Ag, and historical BHP holes intersected porphyry-style mineralization nearby, which the company interprets as lying on the periphery of a porphyry center not yet located. Phase 2 contemplates up to about 3,500 metres of drilling in four holes at the 100%-owned Monja copper-gold porphyry target from the first quarter of 2027, subject to surface access and permits. A soil survey of about 895 samples is also planned at Quimi, part of the Tarqui-Quimi project.
- 30 September 2026 Quarterly Activities Report
Barton Gold Holdings (ASX: BGD) completed 38,760m of 'Phase 2' drilling at its Tunkillia Gold Project in South Australia, bringing total drilling over the past 12 months to 57,653m, with several new high-grade assays reported. JORC Mineral Resource updates are pending, targeted for Q4 CY26 for gold and Q1 CY27 for silver, while a pre-feasibility study is targeted for publication by the end of Q1 CY27. Per the Optimised Scoping Study, Tunkillia could produce about 120,000oz of gold and 260,000oz of silver annually, with approximately $1.75 billion operating profit modelled over the first ~27 months at current prices. The Tolmer silver discovery has been extended to a 500m strike length, and the company holds $23.2 million in cash with no debt.
- Could High Grade Apollo Drill Results Change The Bull Case For Collective Mining Stock?
Collective Mining reported new Apollo assays at Guayabales, including high-grade gold, silver, copper and tungsten in the Ramp Zone and Shallow Halo Zone, with several intervals outside the current Mineral Resource block model. The results suggest Apollo's mineralization is more complex and multi-metal than the existing resource shell implies. In its October update on the Shallow Halo Zone, 22 of 23 holes were above the 0.3 g/t AuEq cutoff used for the open pit shell. The company is still loss-making and depends on external funding, so its near-term focus remains resource definition and permitting.
- Pinnacle Silver and Gold secures drilling permit for El Potrero project in Mexico
Pinnacle Silver & Gold Corp has received an environmental permit from Mexico's environmental ministry SEMARNAT for surface drilling at its past-producing El Potrero gold-silver project in Durango. The permit covers 110 drill sites, is valid for two years, and supports an initial 48-hole program totaling 5,540 metres; because of the area's classification, a full environmental impact assessment (MIA) was required. Baseline data from the application will also support permits for the mine, processing plant, tailings storage, powerline and water supply, with the company targeting a formal production decision in early 2027. A feasibility study for a proposed 3.3-kilometre powerline extension is complete, and Comisión Federal de Electricidad has confirmed sufficient capacity, though environmental and land-use permits are still needed. For water, Mexico's national water authority has confirmed sufficient river water under rules that changed in December 2025, and field work is underway.
- Slam Exploration drills two holes at Moose Lake project
Slam Exploration has completed two NQ diamond drill holes, ML26-01 and ML26-02, totalling 224.5m at its Moose Lake Gold-Antimony-Silver Project in New Brunswick, Canada. The holes sit beneath earlier trenches containing antimony and cut faulted, brecciated and altered rock with visible stibnite, pyrite and arsenopyrite. The company collected 145 samples, with lab results pending. The work follows 2026 trenching along the Moose Lake Fault Zone, where Skull samples reached antimony grades up to 3.73%, with 1.96g/t gold and 73.5g/t silver. Slam plans further drilling to test continuity and metal zoning, including possible extensions to the southeast.
- How One Silver Miner Is Trying To Turn A Producing Mine Into A Bigger Business
GoGold Resources (TSX:GGD) aims to grow beyond its producing Parral Tailings mine in Chihuahua, Mexico, which extracts material from centuries-old waste left by historical silver and base metal mining. A 2020 study put remaining reserves at 15.4 million tonnes (8.7 million proven, 6.7 million probable). In 2026 the mine produced just under 1.9 million silver-equivalent ounces and around 11,647 ounces of gold, at an all-in sustaining cost of US$22 to US$28 per ounce. Management estimates about four years of reserve life remain, so the company needs new deposits; its Los Ricos South project in Jalisco, Mexico, began construction in June 2026, with a base net present value of US$355 million from a 2025 mineral resource estimate.
Related markets
Latest news
- World Bank's Banga: Availability of capital 'not really an issue' as AI demand drives up borrowing costs
World Bank President Ajay Banga told CNBC that capital remains available despite concerns that AI demand is pushing interest rates higher, calling it "not really an issue." He said the World Bank mobilized $112 billion last year, around three times the amount recorded three years earlier, and that emerging markets are not showing the same hesitancy because their investments focus on infrastructure such as bridges and roads, while developed economies need funding for large AI use cases. Banga noted that investors may be concerned about circular financing and the AI business model, but he still believes AI will be transformative and profitable, though "everybody sees bumps in the road from here to there." He also said the private capital the World Bank oversees does not go to governments, which helps it avoid fears of debt crisis and rising bond yield challenges.
- Better Defense Stock to Own Through 2030: Palantir vs. RTX Corporation
The article compares Palantir (PLTR) and RTX Corporation (RTX) as two ways to invest in rising global defense spending. Palantir's software helps defense and intelligence agencies gather and coordinate information; its second-quarter revenue rose 93% year over year (U.S. commercial up 149%, U.S. government up 90%), and it raised full-year guidance. However, the stock trades at a trailing P/E of 168 and competes with established technology providers. Of 30 analysts, the average rating is a moderate buy, with target prices for the next year between $80 and $265. RTX, through Raytheon, Pratt & Whitney and Collins Aerospace, supplies missile defense, military engines and aircraft components; its third-quarter sales rose 11%, its record backlog reached $340 billion including $164 billion in defense orders, and its P/E is 31. The article argues Palantir suits growth investors who accept a high valuation, while RTX is the more balanced option given its established earnings, diversification and dividend.
- Santoli: We are nearing a now-or-never moment for the AI trade to rebound
The S&P 500 has moved sideways for months, while former AI leaders (tracked by the iShares AI Innovation ETF) fell 35 percentage points relative to the equal-weight S&P 500, recovered half, then gave back most of the bounce. Higher bond yields and oil above $100 a barrel have pressured cyclical sectors, and tighter debt markets are raising hurdle rates for marginal AI data-center borrowers. Goldman Sachs cited trader exhaustion, noting the momentum-factor basket moved at least 5% in a day 30 times in 2026. John Kolovos of Macro Risk Advisors says sentiment is nearing a “fat pitch” for a tactical rebound, but the macro backdrop must cooperate, and hedge funds have sharply cut leverage and tech exposure. Citadel Securities data show retail investors heavily buying dips, yet past market bottoms came when retail traders were net sellers, so any rebound may prove limited in strength and durability.
- Big Tech Is About to Report. Nvidia Investors Should Watch One Number.
Microsoft and Alphabet will report quarterly results on Oct. 28 after the close, and Amazon on Oct. 29. Because these three companies are Nvidia customers, the article says Nvidia investors should watch capital expenditures (capex). Microsoft gave capex guidance of $175 billion for fiscal 2027, Alphabet expects 2026 capex of $195 billion to $205 billion, up from an earlier $180 billion to $190 billion, and Amazon raised its cash capex forecast by $20 billion to $220 billion. Nvidia reported that its latest quarterly revenue rose 106% to $96 billion, with more than 90% from data centers. The article says rising capex or signs of sustained heavy spending would be positive for Nvidia, while any slowdown would be negative in the short term.
- What’s Driving Strong Q3 Momentum for Meta Platforms (META)
Renaissance Investment Management's Large Cap Growth Strategy highlighted Meta Platforms (META) as a strong performer in the third quarter of 2026, a period in which the S&P 500 rose 2.3%. According to the letter, Meta launched its Muse consumer AI agent in September, with an app that offers integrated feeds and can act on the user's behalf, and early App Store results suggest Meta is becoming an early leader in monetizing its AI investments. As of October 26, 2026, META closed at $630.56, a market capitalization of $1.61 trillion, down 4.47% year to date, with a 52-week range of $520.26 to $779.82. At the end of the second quarter, 254 hedge fund portfolios held META, compared with 262 in the prior quarter, and it ranked fifth on a list of 40 most popular hedge fund stocks heading into 2026.
- VND 1,600 billion in dividends set to flow to VRG shareholders
VRG (GVR, HoSE) plans to pay about VND 1,600 billion in cash dividends for 2025 at a 4% rate, or VND 400 per share, based on 4 billion outstanding shares. The last registration date is November 11, 2026, with payment expected on December 10, 2026. The Ministry of Finance holds 96.77% of voting shares, about 3.87 billion shares, and is expected to receive over VND 1,548.3 billion in dividends. In the reviewed consolidated financial statements for the first half of 2026, net revenue reached over VND 15,927.7 billion (up 37.7%) and net profit exceeded VND 4,947.4 billion (up 68.6%), completing 187% of the full-year after-tax profit plan of VND 2,644 billion.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.