Sinda Ltd. reported third quarter 2026 results, saying it is building the foundations for a silver-gold mine in Guanajuato, Mexico. In the quarter it started earthworks for the exploration decline, moved about 6,500 cubic meters of material, and completed roughly 31,150 meters of Phase 2 drilling using 18 rigs. Caracol returned its highest-grade intercept to date: 3.05 m grading 12,494 g/t silver-equivalent (AgEq), including 0.65 m at 24,548 g/t AgEq. It also joined the VanEck Junior Gold Miners ETF (GDXJ), listed on the International Quotation System (SIC) of the Mexican Stock Exchange, and appointed Alberto Zinser to its board. Next, it plans 122,000 meters of Phase 2 drilling, expects site preparation to finish in the fourth quarter of 2026, and targets an updated Mineral Resource Estimate by year-end 2026.
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XAU/USD
• NeutralRelevance: low
| Market | Gold |
|---|---|
| Close on 10/30/2026 | 3,875.51 |
| Change that session | -3.63% |
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