Altair Minerals (ASX: ALR)

Announced maiden trenching results at its South Oko prospect.

The program focused on the prominent W1 anomaly and comprised six deep trenches and three shallow trenches, with a combined sampled length of 2,478m.

The initial trenches confirm a broad and unconstrained mineralisation system present at SOKO. The deeper trenches define a mineralisation footprint across ~1.2km east-west by ~1.0km north-south, which remains open in all directions.

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Altair Minerals Limited (ASX: ALR) (‘Altair’ or ‘the Company’) is pleased to announce maiden trenching results at its South Oko prospect (“SOKO”). The program focused on the prominent W1 anomaly and comprised six deep trenches and three shallow trenches, with a combined sampled length of 2,478m.

The initial trenches confirm a broad and unconstrained mineralisation system present at SOKO. The deeper trenches define a mineralisation footprint across ~1.2km east-west by ~1.0km north-south, which remains open in all directions.

Importantly, these results only cover the first 1.5km strike of the broader ~14km Oko Shear Contact which Altair holds – the same structurally sheared contact hosting >9Moz Au across four deposits just 4km north.

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Altair Minerals Limited CEO, Faheem Ahmed, commented:

“I’m pleased to report the initial maiden trench results at South Oko, marking a significant step forward for the W1 target.

 

“The trenches are broadly spaced and test only an initial ~1.5km section of the highly prospective Oko Shear Contact, of which approximately 14km extends through South Oko and remains to be systematically tested.

 

“The results include a standout intersection of 10m @ 10.15g/t Au, which ranks itself as the fourth-highest ‘grade × interval width’ trench result reported to date along the Oko Shear Contact, reviewed by the Company.

 

“This is particularly significant given the limited trenching completed so early in the exploration campaign and the intense weathering and more proximal duricrust at SOKO, which can mask the effectiveness of near-surface exploration.

 

“These trench results represent the latest step in a consistent and systematic exploration program at the W1 anomaly, which is one of two substantial soil anomalies identified to date within a limited strike coverage.

 

“Soil sampling first defined the large surface anomaly, auger results supported a proximal gold source, in-situ grab samples returned up to 35g/t Au, and geophysics identified chargeability structures beneath the target.

 

“The trenching has now demonstrated widespread mineralised shears that correlate closely with the previously defined geophysical and geochemical frameworks, providing strong support for the exploration model and significant scope for further mineralisation targets to be identified utilizing the same methodology along strike this prominent Oko Shear Contact.

 

“The deep trench results now define mineralisation across a ~1.2km east-west by ~1.0km north-south footprint that remains open in all directions. Importantly, Trench 09, the easternmost trench, returned an interval of 16m @ 1.32g/t Au within a trench only 54m long and appears to represent a separate north-south trending quartz-vein system, providing another priority for follow-up zone.

 

“Of particular importance is what remains untested to the west and southwest. Our strongest western trench results were terminated shortly after intercepting mineralisation, where the hard duricrust prevents effective surface testing, while ground IP and structural interpretation indicate the shear corridor continues west and southwest beneath this cover.

 

“The current trenching may therefore only be testing the margin of what we believe is the most compelling broader covered structurally sheared and high-grade corridor.

 

“With 15,000m of RC drilling at South Oko imminent, we are now moving from systematic surface targeting into the first substantial drill test of a significant target, whereby, trenching, geochemistry and geophysics collectively align and indicate is a significant emerging gold system.

 

“We would like to thank existing shareholders for their continued support, particularly as Altair enters a pivotal stage of its journey at Greater Oko”

1,3 Shallow trenches were dug and sampled between 2 – 3 meters depth, whereas deeper trenches were dug and sampled between 4 – 6 meters depth. Trench samples were taken in continuous channels each 1 – 2 meters across the trenches entire exposed length.

Trench planning and sampling intentionally avoided any potential disturbed historic workings or alluvial streams, which retained sample quality, integrity and accurate representation of in-situ potential.

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To read the full news release, please click HERE

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To view the latest Altair Minerals share price and chart, please click HERE

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

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This website is not sponsored, we are truly independent, and will always remain so

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

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Disclosure

At the time of writing the author holds shares in Altair Minerals. 

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To read our full terms and conditions, please click HERE

AIC Mines (ASX: A1M)

Announced drilling results from the Brumby prospect, Cannington Project, located 20 kilometres west of the Cannington mine and 100 kilometres south of the Eloise copper mine in northwest Queensland.

Hole (BRDD001) returned an exceptional result of 46.4m (41.8m ETW) grading 3.6% Cu and 1.0g/t Au.

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AIC Mines project location map – Credits AIC Mines

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High-Grade Copper-Gold Mineralisation Intersected at the Brumby Prospect, QLD

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AIC Mines Limited (ASX: A1M) (“AIC Mines” or the “Company”) is pleased to announce
drilling results from the Brumby prospect, Cannington Project, located 20 kilometres
west of the Cannington mine and 100 kilometres south of the Eloise copper mine in
northwest Queensland.

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Highlights

• The first diamond hole (BRDD001) drilled at the Brumby copper-gold prospect by
AIC Mines testing the concept of a mineralised shoot returned an exceptional
result of:
• 46.4m (41.8m ETW) grading 3.6% Cu and 1.0g/t Au from 146.5m, including
 10.5m (9.4m ETW) grading 14.4% Cu and 3.8g/t Au from 151.5m
• This result represents the highest-grade mineralisation intersected at the Brumby
prospect to date and underlines the strong potential of the system to generate
significant widths of high-grade copper and gold mineralisation.
• A further two holes were drilled to define the shoot. BRDD002 defined the eastern
margin of the shoot and returned no significant results, while the second step-out
hole returned a positive result of:
• BRDD003 – 3.0m (2.0m ETW) grading 0.6% Cu and 0.1g/t Au from 279.0m, incl.
 1.0m grading 1.2% Cu and 0.1g/t Au from 281.0m
• These results successfully extend mineralisation intersected by historical drilling in
the southern portion of a larger sulphide-magnetite breccia pipe, which included:
• BRNQ0012 – 17.0m (14.0m ETW) grading 1.7% Cu and 0.5g/t Au from 157.0m, incl.
 4.0m (3.5m ETW) grading 2.3% Cu and 0.7g/t Au from 157.0m
• BRRC0004A – 9.0m (7.0m ETW) grading 1.3% Cu and 1.3g/t Au from 71.0m, incl.
 2.0m (1.5m ETW) grading 4.7% Cu and 5.0g/t Au from 73.0m
• Mineralisation has now been defined within the breccia pipe over a strike length of
500m and to a depth of 200m. This mineralisation remains open to the west,
southwest, and at depth.

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Commenting on the results, AIC Mines’ Managing Director Aaron Colleran said:

“We’ve had a dream start to the 2026 field season with great results at Iris and Eloise South, released last week, and now Brumby.

 

“The intersection in hole BRDD001 is a fantastic result and escalates the Brumby project to our highest priority exploration project.

 

“We are awaiting results from additional geophysical and geochemical surveys to aid our understanding of the hydrothermal system and to help guide follow-up
drilling.

 

“Planning and approvals for the next round of drilling are underway.”

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Brumby Prospect – Cannington Project (AIC Mines 100%)

The Brumby prospect is located 20 kilometres west of the Cannington silver mine owned and operated by South32 Limited (ASX: S32) and approximately 100 kilometres south of AIC Mines’ Eloise copper mine and processing plant.

The prospect occurs within the larger Cannington Project which consists of
approximately 636km2 of semi-contiguous, 100% owned tenure south of the Eloise Regional Project and surrounding the highly endowed area between the Cannington lead-silver mine and Pegmont base-metal deposit.

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To read the full news release please click HERE

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.To View AIC Mining’s latest share price and chart, please click here

.To View AIC Mines’ historical news, please click here

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

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This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

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Disclosure

At the time of writing the author holds shares in AIC Mines.

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Lahontan Gold Corp. (TSX.V: LG)

Announced an updated Mineral Resource Estimate  for its flagship Santa Fe Mine, a past-producing open pit, heap leach, gold and silver mine, located in Nevada’s prolific Walker Lane.

The MRE for Santa Fe is based upon 1,275 drill holes totaling 136,515 metres, including 103 drill holes totaling 23,805 metres drilled by Lahontan from 2021 through
May 2026.

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Santa Fe mine vista – Courtesy of Lahontan Gold Corp.

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LAHONTAN ANNOUNCES 22% INCREASE IN MINERAL RESOURCES AT SANTA
FE: 1,195,000 Au Eq oz INDICATED, and 1,190,000 Au Eq oz INFERRED

Toronto Ontario, August 17, 2026 – Lahontan Gold Corp. (TSXV:LG, OTCQB:LGCXF, FSE:Y2F) (the “Company” or “Lahontan”) is pleased to announce an updated Mineral Resource Estimate (“MRE”) for its flagship Santa Fe Mine (“Santa Fe”), a past-producing open pit, heap leach, gold and silver mine, located in Nevada’s prolific Walker Lane.

The MRE for Santa Fe is based upon 1,275 drill holes totaling 136,515 metres, including 103 drill holes totaling 23,805 metres drilled by Lahontan from 2021 through
May 2026.

Highlights of the MRE include:

• Project-wide pit constrained resources increase significantly: Indicated Mineral Resources of 1,195,000 contained gold equivalent (“Au Eq”) ounces and Inferred Mineral Resources of 1,190,000 contained Au Eq ounces, a total increase of 435,000 ounces or 22% over the 2024 MRE (assumptions for Au Eq are described in the Notes to Table One).
• Project-wide average grade for the Indicated Mineral Resource is 0.78 g/t Au Eq; the average grade of the Project-wide Inferred Mineral Resource is 0.61 g/t Au Eq (please see Table One).
• Shallow Slab and York oxide resources expand dramatically: Indicated oxide Resources for the two deposits total 12.09 Mt grading 0.33 g/t Au Eq for 128,000 Au Eq ounces and Inferred oxide Resources total 8.34 Mt grading 0.36 g/t Au Eq for 96,000 Au Eq ounces, an increase of over 37% compared to the resources reported in the 2024 MRE.
• Santa Fe Deposit resources increase by over 26%: Indicated Mineral Resources of 31.15 Mt grading 0.99 g/t Au Eq totaling 993,000 Au Eq ounces and Inferred Mineral Resources of 41.60 Mt grading 0.71 g/t Au Eq totaling 954,000 Au Eq ounces.
• The MRE block model shows that gold and silver mineralization extends well beyond the conceptual pit shells, generating high-quality targets for additional drilling and resource growth, including the increasingly important deep sulfide mineralization at Santa Fe, and throughout the Slab-Calvada-York resource area.

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Kimberly Ann, Founder, Executive Chair, CEO, and President of Lahontan Gold Corp commented:

“Lahontan is excited by the results of this updated MRE for the Santa Fe Mine, particularly the large growth in total resource ounces and the continued expansion of the shallow Slab and York oxide gold and silver deposits.

 

“The MRE will form the basis of an updated Preliminary Economic Assessment (“PEA”) of the Santa Fe Mine. The PEA will examine mining and process options utilizing low-cost open-pit mining and heap leach processing and very importantly, analyze the mining and processing of Santa Fe’s substantial sulfide resources as a Second Phase in future mine operations.

 

“Our technical consultants, Kappes, Cassiday and Associates (“KCA”) and RESPEC Company LLC (“RESPEC”), both based in Reno, Nevada, are well advanced at project planning, mine design, finalizing the process flow sheet, and optimizing crushing
throughput.

 

“The Company will use the Phase One oxide conventional leach mine plan to complete its State level mine permitting process and the Company’s Mine Plan of Operation (“MPOO”) with the Federal Bureau of Land Management (“BLM”).

 

“With the release of the updated MRE and the soon to be completed PEA, Lahontan continues its transition from mine developer to mine operator, targeting 2027 for mine
construction at Santa Fe.”

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Capricorn Metals (ASX: CMM)

Advised that it has entered into a binding agreement with Latitude 66 Limited to acquire the prospective Piastri Project tenement package.

The Project Tenure is located contiguous to Capricorn’s Golden Range tenure in the Mid-West region of Western Australia, adjacent to the Ricciardo deposit.

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Karlawinda Mine – Courtesy of Capricorn Metals

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ACQUISITION OF THE PIASTRI PROJECT EXPANDS CAPRICORN’S GOLDEN RANGE PROJECT TENURE

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Capricorn Metals Ltd (ASX: CMM) (“Capricorn” or “the Company”) is pleased to advise that it has entered into a binding agreement with Latitude 66 Limited (“Latitude 66”) to acquire the prospective Piastri Project tenement package (“Project Tenure”).

The Project Tenure is located contiguous to Capricorn’s Golden Range tenure in the Mid-West region of Western Australia, adjacent to the Ricciardo deposit.

The Project Tenure is considered highly prospective for gold and antimony mineralisation.

Capricorn has identified several target zones for exploration within the Project Tenure.

The transaction consideration is $1.5 million, which Capricorn will settle through the issue to Latitude 66 of fully paid ordinary Capricorn shares upon completion.

The share issue consideration will be valued at the 20-day VWAP prior to completion occurring.

Background on the Piastri Project

The Piastri Project is located approximately 200 metres east of mining infrastructure related to the Ricciardo Mineral Resource, which comprises 24.5Mt @ 2.5g/t AuEq for 1.96Moz AuEq situated within the north-south trending Yalgoo-Singleton Greenstone Belt.

The Project Tenure covers a granted Exploration Licence of approximately 15.2km² of largely untested strike located contiguous to Capricorn’s existing tenure. The area is prospective for shear-hosted gold-antimony mineralisation along the Mougooderra shear zone.

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To read the full report please click HERE

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To View Capricorn Metal’s historical news, please click here

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

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=======

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This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

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Disclosure

At the time of writing the author holds shares in Capricorn Metals

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To read our full terms and conditions, please click HERE

Catalyst Metals ASX: CYL)

Announced it has signed formal documentation to extend and upsize its existing revolving credit facility (RCF).

At financial close, the RCF will be increased to A$200m and extended to a four-year tenor.

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Catalyst expands treasury to A$531m by increasing its corporate credit facility from A$100m to A$200m

Catalyst Metals Limited (Catalyst or the Company) (ASX:CYL) is pleased to announce it has signed formal documentation to extend and upsize its existing revolving credit facility (RCF).

At financial close, the RCF will be increased to A$200m and extended to a four-year tenor.

Highlights

• Catalyst has increased its Revolving Credit Facility from A$100m to A$200m
• Available credit facility remains undrawn
• A fourth lender, HSBC, has been included to the existing syndicate, which includes
Westpac, National Australia Bank (NAB) and Societe Generale
• The terms of the facility are consistent with the previous facility. Key changes include:
 Increase in tenor from three to four years
 Increase in facility size to A$200m
 Hedging facilities provided by Westpac, NAB and HSBC
• This RCF provides additional liquidity and flexibility as Catalyst pursues its growth plans
• At 30 June 2026, Catalyst held cash and bullion of A$331m and remained debt free.

The undrawn RCF provides available liquidity of A$531m

All existing lenders including Westpac, National Australia Bank and Societe Generale were supportive of the expanded facility. HSBC has also joined the syndicate.

In the past three years, Catalyst has generated over A$525m in operating cash flow, allowing it to develop four new mines, double Reserves to 1.5Moz, and invest in supporting infrastructure. It has also strengthened its balance sheet, paying down inherited liabilities and at 30 June 2026 held cash and bullion of A$331m.

With the addition of this undrawn A$200m RCF, the business has A$531m in available liquidity and is well placed to execute the next phase of its growth plans.

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Catalyst’s Managing Director & CEO, James Champion de Crespigny, commented:

“We would like to thank NAB, Westpac and Societe Generale for their continued support of Catalyst.

 

“We also welcome, and thank, HSBC in joining the syndicate.

 

“Over the past two years, Catalyst has progressively de-risked the longer terms ±200koz organic growth strategy.

 

“The ongoing support of our relationship banks in this upsize, reflects that progressive de-risking.”

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To read the full report please click HERE

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We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

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Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

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If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

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This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

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Disclosure

At the time of writing the author holds shares in Catalyst Metals

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Challenger Gold  (ASX: CEL)

Provided a market update on the Company’s 100%-owned Hualilán Gold Project in San Juan Province, Argentina, following completion of an operational review that reinforces the strategic rationale for advancing Hualilán toward a larger, integrated mine and processing development pathway.

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Comment

This is clearly disappointing.

I read a piece from an Argentinian newspaper that said the company were going to abandon the recently started toll milling as the grades were too low given the cost and distance required to truck the concentrate.

This news release tries to present itself as progress , where in fact I suspect many people like myself invested because of the toll milling that would allow the company to finance the mine build and minimise dilution.

Now the reason for the $85 million recent raise becomes clear!

I am not selling because of the quality of the management team recently parachuted into the company, and my belief they will deliver over the longer term, but this news isn’t good, no matter how well it’s presented.

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Challenger Gold Ceases Toll Mining

Challenger Gold sharpens Hualilán development pathway A$85 million funding support, strengthened leadership and disciplined transition plan reinforce Hualilán’s longterm value pathway following operational review

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Perth, Western Australia — 13 August 2026 — Challenger Gold Limited (ASX: CEL) (‘Challenger’ or ‘the Company’) is pleased to provide a market update on the Company’s 100%-owned Hualilán Gold Project in San Juan Province, Argentina,
following completion of an operational review that reinforces the strategic rationale for advancing Hualilán toward a larger, integrated mine and processing development pathway.

The operational review confirms that Hualilán remains a robust and strategic gold development asset. This view is supported by the recently disclosed Pre-Feasibility Study (‘PFS’), which outlined a 14.25-year life-of-mine production target of 1.84Moz
AuEq, average annual production of approximately 135koz AuEq after the staged start-up period, a pre-tax NPV5 of US$1.45 billion and post-tax NPV5 of US$1.10 billion at a US$3,500/oz gold price, and a life-of-mine AISC of US$1,618/oz payable gold.

The positive development case is further reinforced by the commencement of Challenger’s first exploration drilling program at Hualilán in more than three years, with an initial minimum 35,000-metres of diamond drilling now underway to test extensions of known mineralisation, support Mineral Resource conversion and provide geotechnical information for the proposed Phase 1 standalone Heap Leach project.

Importantly, the initial small-scale mining and third-party processing campaign has generated valuable reconciliation, mining, grade-control, metallurgical, and cost information that is now being directly incorporated into mine planning, engineering and development workstreams.

This work is expected to support a sustainable operating model designed around on-site processing, improved mining flexibility, stronger cost control and greater long-term value capture.

STRENGTHENED LEADERSHIP AND INVESTMENT SUPPORT

Challenger has entered this next phase with a significantly strengthened leadership and funding platform. The Company has announced an A$85 million equity raising to support Hualilán’s advancement, including resource growth drilling, feasibility
work, selected development preparation and working capital.

The placement is supported by existing institutional shareholders and new global mining investors, including a lead commitment from Peter Marrone and associated investors.

The appointment of Peter Marrone as Non-Executive Chairman, together with the appointment of Yohann Bouchard as Chief Operating Officer, Felipe Riquelme as Chief Financial Officer, and Luke Buchanan as VP Project and Strategic Planning, brings deep mine development, financing, construction and operating experience to Challenger.

This enhanced leadership capability is expected to be particularly important as the Company progresses Hualilán through feasibility optimisation, permitting, financing, early works and construction readiness.

Challenger considers the combination of new leadership, institutional backing and a disciplined technical reset to be a strong endorsement of Hualilán’s potential.

The Company’s objective is to apply this experience and capital support to convert
operational learnings into a clearer development plan, stronger execution capability and a more compelling pathway to longterm shareholder value.

EXECUTIVE COMMENTARY

Challenger Gold said the recent investment support and leadership additions provide a strong platform for the next stage of Hualilán’s development.

The Company believes the project’s scale, location in San Juan Province, established technical base and strengthened funding position provide a compelling foundation for creating long-term shareholder value.

The Company said,

“Hualilán remains a high-quality gold development opportunity with the potential to become a meaningful, long-life operation.

 

“The published PFS demonstrates the scale of the opportunity, including a 1.84Moz AuEq production target, a 14.25-year mine life, low upfront capital intensity, a competitive AISC profile and significant NPV leverage to the gold price environment.

 

“The commencement of the 35,000-metre drilling campaign is an important next step in unlocking further value, with drilling focused on resource growth, conversion within the open pit design, geotechnical support for the Phase 1 standalone Heap Leach project and the generation of broader district-scale exploration targets.

 

“The operational learning from the initial campaign has sharpened our understanding of the orebody and reinforced the merits of an integrated processing strategy. 

 

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To read the full news release please click HERE

To see the latest share price and chart, please click HERE

The live gold price can be found HERE

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

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=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

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Disclosure

At the time of writing the author holds shares in Challenger Gold

.

To read our full terms and conditions, please click HERE

Mining Review 16th August 2026

Cabral Gold received the operating licence for its Cuiu Cuiu gold mine in Brazil.

G Mining Ventures and Avino Silver both reported strong operating and financial results.

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City Investors Circle Mining Review 16th August 2026

Cabral Gold received the operating licence for its Cuiu Cuiu gold mine in Brazil, and is set to commence phase 1 mining immediately. The share price reacted positively.

G Mining Ventures and Avino Silver both reported strong operating and financial results.

Copper Giant and Errington Metals both received strong financial backing from the markets in placements.

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Full access to this week’s news stories can be found by clicking the links below,

 Cabral Gold Received the Operating License for the Cuiú Cuiú Gold Mine

  G Mining Ventures Reported Strong Q2 2026 Results

  Avino Silver Reported Q2 2026 Financial Results

  Copper Giant Received Placing Funds from Denarius

  Errington Metals Upsizes Private Placement To $30 Million

  Westgold Cue Hub Expansion to 1.7Mtpa in FY28

  Lahontan Drilled 12.2m Grading 1.25 g/t Au Oxide at Clavada East

  Mining Review 8th August 2026

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Market Data

Weekly Price Changes

(US$ unless stated)

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Cabral Gold (TSX.V: CBR)

Provided an update on construction and commissioning activities at its Phase 1 gold-in-oxide heap leach project at the Cuiú Cuiú Gold District, Brazil.

Cabral has received the Operating License from SEMAS/PA and the mining of gold-in-oxide ore and stacking on the first pad is in process. Irrigation is expected to commence in the next few days.

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G Mining Ventures (TSX: GMIN)

Reported strong financial and operating results for the second quarter ended June 30, 2026.

The Tocantinzinho mine delivered gold production of 36,845 ounces in the second quarter, a 16% increase over the first quarter of 2026.

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TZ Mine in Para State, Brazil – Courtesy of G Mining Ventures

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Avino Silver (TSX: ASM) 

A long-standing silver producer in Mexico, announces its unaudited condensed interim consolidated financial results for the second quarter of 2026. 

The Company achieved $26.8 million in revenues for Q2 2026, an increase of 23% from Q2 2025.

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La Preciosa Mine – Courtesy of Avino Silver

AVINO REPORTS Q2 2026 FINANCIAL RESULTS

Avino Silver & Gold Mines Ltd. (ASM: TSX / NYSE American; FSE: GV6) a long-standing silver producer in Mexico, announces its unaudited condensed interim consolidated financial results for the second quarter of 2026. All amounts are in U.S. dollars unless stated otherwise.

Second Quarter 2026 Financial Highlights

• Revenues: The Company achieved $26.8 million in revenues for Q2 2026, an increase of 23% from Q2 2025. 54% of revenues were derived from silver production at an average realized price of $68.90 per ounce.
• Mine Operating Income: Mine operating income was $13.0 million, an increase of 27% from Q2 2025.
• Net Income: Earnings, or net income after taxes, was $10.9 million, or $0.06 per diluted share, an increase of 281% and 200%, respectively, from Q2 2025. 
• Earnings Before Interest, Taxes, Depreciation and Amortization (“EBITDA”)³ and Adjusted Earnings³: EBITDA was $12.6 million, an increase of 69% from Q2 2025. Adjusted earnings were $11.1 million, or $0.06 per share, an increase of 26% and unchanged, respectively, from Q2 2025.
• Strong Cash Provided by Operating Activities and Operating Cash Before Working Capital Adjustments³: Cash provided by operating activities was $13.3 million, an increase of 59% from Q2 2025. The Company generated operating cash before working capital adjustments of $8.3 million, an increase of 32% compared to Q2 2025. 
• Mine Operating Cash Flow Before Taxes: Mine operating cash flows before taxes was $14.4 million, an increase of 28% from Q2 2025.

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David Wolfin, President and CEO said,

“During the second quarter, the Company continued its main focus of advancing La Preciosa while free cash flow from Avino further adds to the balance sheet quarter after quarter.

 

”With La Preciosa development material doubling in mine and mill throughput during the quarter, our transformational growth plan toward becoming a Mexico-focused mid-tier primary silver producer remains on track, and we continue working on delivering long-term value for our shareholders.”

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Errington Metals (TSX.V: EM) 

Announced that it has amended its engagement with Stifel Canada in connection with a “best efforts” private placement offering that has been increased to aggregate gross proceeds of up to $30,003,630.

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Location map – Courtesy of Errington Metals

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Beta Hunt Mine at night – Credits Westgold

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Lahontan Gold Corp. (TSX.V:LG,)

Anounced additional drill results from its 2026 drilling program at the Santa Fe Mine Project.

Highlights include the first significant gold mineralization hosted within Tertiary volcanic rocks along the Summit Fault and additional high-grade oxide mineralization at Calvada East

LAHONTAN DRILLS 12.2m GRADING 1.25 g/t Au OXIDE AT CALVADA EAST

Toronto Ontario, August 5, 2026 – Lahontan Gold Corp. (TSXV:LG, OTCQB:LGCXF, FSE:Y2F) (the “Company” or “Lahontan”) is pleased to announce additional drill results from its 2026 drilling program at the Santa Fe Mine Project.

The results reported herein comprise seven reverse-circulation (“RC”) drill holes totaling 1,990 metres completed in the Calvada East resource area, the Slab West exploration target and a deep geophysical test located between the Slab and Santa Fe resource areas.

Highlights include the first significant gold mineralization hosted within Tertiary volcanic rocks along the Summit Fault and additional high-grade oxide mineralization at Calvada East. Drill results are summarized below:

• Calvada East: Drill hole CAL26-12R, an RC drill hole originally designed for groundwater monitoring, intersected 12.2 metres (166.1 – 178.3m) grading 1.26 g/t Au Eq oxide (1.25 g/t Au, 0.8 g/t Ag) near the base of the current resource pit shell*, including individual 1.5 metre samples ranging up to 3.29 g/t Au.
• Calvada East: Drill hole CAL26-11R, another RC drill hole originally designed for groundwater monitoring, intersected 13.7 metres (176.8 – 190.5m) grading 1.10 g/t Au Eq (1.01 g/t Au, 7.1 g/t Ag) hosted by Tertiary volcanic rocks within the Summit Fault zone. This represents the first significant gold intercept hosted within Tertiary volcanic rocks at the Santa Fe Mine Project and establishes a new exploration target along the Summit Fault.
• Slab West exploration target: Two RC drill holes at Slab West intersected broad intervals of oxide gold and silver mineralization. CAL26-13R intercepted 35.1m (57.9 – 93.0m) of shallow mineralization grading 0.21 g/t Au Eq (0.19 g/t Au, 1.5 g/t Ag), CAL26-15R cut 18.3m (144.8 –163.1m) grading 0.22 g/t Au Eq (0.21 g/t Au, 0.8 g/t Ag).

Equinox Gold  (TSX: EQX)

Announced its financial and operating results for the second quarter of 2026.

The company produced 176,836 ounces of gold, including 64,656 oz from Greenstone, 32,617 oz from Valentine, 18,572 oz from Mesquite, 59,476 oz from Nicaragua and 1,515 oz from Castle Mountain.

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Valentine Gold Mine – Courtesy of Equinox Gold

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City Investors Circle Watchlist

G2 Goldfields has been acquired by G Mining Ventures, and is therefore deleted from the Tier 3 watchlist.

Larvotto Resources (ASX: LRV) has replaced G2 in the list.

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Project location map – Courtesy of Larvotto Resources

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Watchlist Changes, G2 Goldfields is Replaced by Larvotto Resources

City Investors Circle Watchlist

G2 Goldfields has been acquired by G Mining Ventures, and is therefore deleted from the Tier 3 watchlist.

Larvotto Resources (ASX: LRV) has replaced the now delisted G2 Goldfields on the list.

Initiating coverage of Larvotto Resources

Company intoriduction.

Larvotto Resources (ASX: LRV)

Larvotto Resources is an Australian resources company focused on the development of its dual-commodity Hillgrove Antimony-Gold Project in NSW.

With production set to commence in 2026, Hillgrove is poised to become Australia’s largest producer of antimony, expected to produce 7% of global antimony requirements when global supply is tightening, and Western governments are prioritising strategic supply chains.

Hillgrove contains Australia’s largest and the 8th largest antimony deposit globally which boasts:

• Maiden Ore Reserve of 636,000oz AuEq @ 6.6g/t AuEq
• Mineral Resources of 1.7Moz AuEq @ 7.4g/t AuEq
• Exploration Target of between 670,000 and 1.08M oz AuEq, ranging between 7.4-8.46g/t AuEq

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Larvotto’s May 2025 Definitive Feasibility Study delivered compelling results including Average LOM EBITDA of $250M per annum on the mid case pricing scenario, with post-tax free cash flows of $128M per annum demonstrating robust economics expected from the Hillgrove Project and rapid payback.

The DFS outlined an initial 8-year mine life, with a significant extension anticipated as existing Resources in adjacent deposits are progressively converted to Reserves.

Larvotto is also focused on exploring its wider portfolio of assets located in Australia in close proximity to other productive mines, proven discoveries and existing infrastructure.

In June 2026, Larvotto entered a binding agreement to acquire 100% of Hammer Metals Limited (ASX: HMX) including its advanced district-scale Mt Isa copper and critical minerals portfolio in Queensland.

Combining its near-term production at Hillgrove Antimony-Gold Project in NSW with a second district scale project in Queensland, Larvotto is advancing its strategy to build a leading, Australian critical minerals and precious metals company with a focus on antimony, gold and copper production.

The Company is led by a highly experienced board and management with a strong track record in exploration, capital finance and advancing mining projects.

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To view Larvotto’s latest share price and chart, please click HERE

Benz Mining (ASX: BNZ, TSX.V: BZ)

Reported further exceptional gold results from systematic drilling at the Icon deposit, part of the Company’s Glenburgh Gold Project in Western Australia.

The latest results demonstrate that increasing drill density at Icon is doing considerably
more than confirming previously identified mineralisation.

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Western Australian project location map – Courtesy of Benz Mining Corp.

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Benz Discovers High-Grade gold at Icon

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Benz Mining Corp. (ASX: BNZ, TSXV: BZ) (“Benz” or the “Company”) is pleased to report further exceptional gold results from systematic drilling at the Icon deposit, part of the Company’s Glenburgh Gold Project in Western Australia.

The latest results demonstrate that increasing drill density at Icon is doing considerably
more than confirming previously identified mineralisation. It is providing the geological
resolution required to identify additional fold hinges and high-grade gold positions that
could not be resolved by earlier, wider-spaced drilling.

In addition, the planned drill lines also extend beyond the currently interpreted mineralised trends, providing significant potential for further discoveries and continued growth across Glenburgh.

As Benz progressively drills Icon on its baseline 50m by 25m pattern, additional NE-plunging hinge zones are emerging as important controls on high-grade gold mineralisation and potential drivers of future ounce growth.

Earlier explorers missed these high-grade hinge zones in broader spaced shallow drilling which Benz first identified in early 2026 with intercepts such as:
• 95m at 4.3g/t Au from 13m in 25GLR232
• 29m at 8.8g/t Au from 84m in 25GLR190
• 47m at 5.1 g/t Au from 55m in 25GLR237
• 82m at 2.2g/t Au from 32m in 25GLR196

The same structural architecture is evident at the Hurricane camp, strengthening the
Company’s confidence that NE-plunging fold hinges represent an important and
repeatable control on the distribution of high-grade gold across Glenburgh.

In a tightly folded mineral system such as Glenburgh, increasing geological resolution can materially change the understanding of the mineralised architecture. What may initially appear to be a broad mineralised envelope can resolve into multiple fold hinges, limbs and high-grade shoots as drilling advances.

Systematic drilling at Icon is therefore not simply increasing confidence in known
mineralisation. It is revealing additional high-grade positions and generating substantial
new mineralisation potential within the existing drilled footprint.

The results released today demonstrate the value of this approach and have the potential to add significantly to future contained ounces within an already exceptionally wellendowed gold system.

Importantly, the Company’s baseline drill lines are not restricted to the currently
interpreted mineralised trends. The 50m by 25m drilling pattern extends into areas outside the existing interpretation, providing further opportunities to identify previously
unrecognised mineralised positions.

The program is therefore delivering on two fronts: revealing additional high-grade gold
within the known Icon system while continuing to test substantial upside beyond the
currently interpreted mineralised trends.

Management Commentary

Benz Chief Executive Officer, Mark Lynch-Staunton, commented:

“What excites us at Icon is that every new drill line seems to reveal more of the system.

 

 

“As drilling tightens, new NE-plunging high-grade hinge zones keep emerging, unlocking substantial additional ounce potential within the existing footprint.

 

“We are advancing Glenburgh at a pace that very few gold projects in Australia can currently match. This is one of the country’s most aggressive drilling campaigns, and we
are maintaining that momentum because systematic drilling is adding value to the project so quickly.

 

“Our immediate priority is to complete the baseline drilling across Hurricane, Icon and Thunderbolt, where drilling is now underway for the first time. These high-grade hinges can make an enormous contribution to contained ounces, and we want to ensure they are properly resolved and captured in the geological model.

 

“In parallel, we are advancing permitting and development activities. Glenburgh already benefits from a mature permitting position, giving us a clear and potentially rapid pathway forward as the resource work progresses.

 

 

“Tungsten re-assaying is also underway to assess the potential contribution of another strategically important metal.

 

“Approximately 80% of our maiden Exploration Target was already drill-constrained. We are not drilling to establish whether the target exists. We are completing the baseline
drilling and geological work required to properly resolve the system and support the conversion of this substantial drill-supported inventory into a maiden Mineral Resource.

 

“The reason we are so confident about Glenburgh’s scale is that the geology supports it. We have the craton-margin architecture, clear evidence of a huge magmatichydrothermal engine and a highly reactive sedimentary basin capable of trapping and concentrating enormous volumes of gold.

 

 

“These are the ingredients that build giant gold systems.

 

“The high-grade hinges emerging at Icon and Hurricane are part of something much bigger. This is not a one-deposit or one-camp story.

 

 

“We believe Glenburgh has the scale, architecture and geological engine to keep delivering new gold well beyond what we have defined today, with the potential to become truly world class.

 

“The Exploration Target was always intended as a starting point, not a limit.

 

 

“We look forward to delivering a maiden Mineral Resource Estimate which, based on the scale of the drill-constrained inventory already defined in the target, has the potential to rank amongst largest maiden gold resources reported on the ASX in recent years.

 

“The more we drill Glenburgh, the more gold it gives us. We believe this is just the beginning.”

To read the full news release please click HERE

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The live Benz Mining share price and chart can be found HERE 

The live gold price can be found HERE

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

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This website is not sponsored, we are truly independent, and will always remain so

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author holds shares in Benz Mining.

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Ora Banda Mining (ASX: OBM)

The company issued an updated presentation for the annual Diggers and Dealers mining conference in Kalgoorlie, Western Australia.

It highlights the company’s drive to 300,000 ounces of gold production per year.

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Ora Banda mine location map – Credits Ora Banda Mining

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Ora Banda Mining Diggers and Dealers Presentation

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Ora Banda Mining (ASX: OBM)

The company issued an updated presentation for the annual Diggers and Dealers mining conference in Kalgoorlie, Western Australia.

It highlights the company’s drive to 300,000 ounces of gold production per year.

The full news release can be viewed HERE

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To view Ora Banda’s latest share price and chart, please click HERE

Capricorn Metals (ASX: CMM)

Announced the June 2026 Quarter Activities Report.

Highights included 30,437 ounces of gold produced at an AISC of A$1,648 per ounce.

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Karlawinda Mine – Kind permission of Capricorn Metals

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Capricorn Metals June Quarter Activities Report

Capricorn Metals (ASX: CMM) Announced the June 2026 Quarter Activities Report.

Highights included 30,437 ounces of gold produced at an AISC of A$1,648 per ounce.

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KGP OPERATIONS

• Karlawinda Gold Project (KGP) delivered June 2026 quarter (Q4) gold production of 30,437 ounces (Q3: 30,358oz) at an all-in-sustaining cost (AISC) of $1,648 per ounce (Q3: $1,617 per ounce).
• Record annual gold production of 123,589 ounces at AISC of $1,629 per ounce.
• FY27 gold production guidance of 137,000 – 147,000 ounces (an 18.3% increase at the midpoint of FY26 guidance) at AISC of A$1,900 – $2,100 per ounce with growth capital of $70 – $85 million as mining at KEP transitions into operations and plant commissioning expected in the current quarter.
• FY27 production guidance reflects an expectation that KGP will broadly operate at the post expansion long term run rate of 150,000 ounces per annum for the last three quarters after commissioning in Q1.
• Quarterly cash flow from operations of $115.8 million generated in Q4 (Q3: $143.1m).
• Total material movement continues to meet the construction and Q1 FY27 production requirements for the Karlawinda Expansion Project (KEP) with 4.2 million BCM mined in the quarter.
• Consistent mill performance continued with throughput of 1.15mt (Q3: 1.09mt).

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CORPORATE

• Cash and gold on hand at the end of Q4 was $507.0 million (Q3: $507.6m). The underlying cash build for the quarter was $68.2 million (Q3: $100.2m) before total capital expenditure of $46.0 million at the KEP ($44.8m) and MGGP ($1.2m), and the maiden dividend payment of $22.8 million.
• Gold sales of 34,271 ounces at an average price of $6,267 per ounce generated $214.8 million in revenue with a further 374 ounces of gold on hand at the end of Q4 valued at $2.2 million (Q3: $27.8m).

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To read the full report please click HERE

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To see the latest share price and chart, please click HERE

To View Capricorn Metal’s historical news, please click here

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author holds shares in Capricorn Metals

.

To read our full terms and conditions, please click HERE

Mining Review 2nd August 2026

The big news this week was the completion of two significant transactions.

The business combination of Equinox Gold and Orla Mining, and the acquisition of G2 Goldfields by G Mining Ventures.

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Mining Review 2nd August 2026

The big news this week was the completion of two significant transactions.

The business combination of Equinox Gold and Orla Mining, and the acquisition of G2 Goldfields by G Mining Ventures.

Silver Storm Mining announced the shipment of first ore from their recently reopened La Parilla mine in Mexico.

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Gold and silver were realtively flat, gyrating around news releases of the American war on Iran. investors have to hold their nerve as share prices go up and down like a rollercoaster.

It has to be remembered that we are in the summer doldrums, which is usually weak for the price of gold, and stocks in general.

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Full access to this week’s stories can be found by clicking the links below,

  Equinox Gold and Orla Mining Complete Business Combination

  Market Review July 2026 Published

  G Mining Ventures Closes G2 Goldfields Acquisition

  Jupiter take a 5% Stake In Caprice Resources

  Silver Storm Mining Announced the First Concentrate Shipment from La Parrilla

  Ramelius Resources Announce High-Grade Gold Discoveries

  Mining Review 26th July 2026

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Market Data

Weekly Price Changes

(US$ unless stated)

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Equinox Gold (TSX: EQX)

The “Company and Orla Mining Ltd. (TSX: OLA; NYSE American: ORLA) are pleased to announce the successful completion of their previously announced business combination, creating North America’s new senior gold producer.

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Valentine Mine – Credits Equinox Gold Corp.

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Highlights