FINWIRES · TerminalLIVE
FINWIRES

Silver Mountain Resources Provides Update on Reliquias Mine as Works Toward Restart

By

Silver Mountain Resources (AGMR.TO) on Wednesday provided an update on development progress at the Reliquias mine in Peru as it transitions to production.

The company said it is fully funded for the planned restart with a treasury position of over US$30 million, reducing execution risk as the mine advances toward commercial production.

Over 3,000 meters of underground linear development have been completed, supporting mine readiness for the commencement of operations.

All major plant equipment have been delivered to site following refurbishment, with installation in progress.

About 12,000 tonnes of ore have been stockpiled, supporting the planned commencement of operations.

The tailings storage facility and ancillary infrastructure, including power lines and water treatment facilities, are now fully operational.

Silver Mountain's infill drilling program at Reliquias is progressing as planned, supporting mineral resource conversion and near-term mine planning. Meanwhile, brownfield exploration activities at the Caudalosa mine are also advancing according to plan.

The restart of operations at Reliquias remains on track for the third quarter of 2026.

Related Articles

Mining & Metals

Golconda Gold Announces Record Quarterly Production For Its Galaxy Gold Mine

Golconda Gold (GG.V) on Tuesday reported record quarterly gold production in the first quarter from its Galaxy gold mine in South Africa.The company reported gold production of 3,693 ounces of gold in the quarter, up 25% from the year-prior period."We had a strong first quarter of 2026, with increases seen in ore mined, development and gold production compared to Q4 2025," chief executive Ravi Sood sad. "Mining at Galaxy 26 Level continued its ramp-up, adding a fourth working area to the mine, which is expected to further increase gold production going forward."The company's shares closed up $0.05 to $2.71 on TSX Venture Exchange.

$GG.V
Mining & Metals

CEMATRIX Renewing Normal Course Issuer Bid; Shares Hit 52 Week Highs Today

CEMATRIX Corporation (CEMX.TO), at a 52-week high today, after trade Tuesday said it received exchange approvals to renew its normal course issuer bid (NCIB).Under the NCIB, the the specialty concrete-products company may buy back and cancel up to 13.37-million shares, 10% of the public float. The NCIB will take effect on April 17, 2026 and run for 12 months.In connection with the NCIB, the company has entered into an automatic share purchase plan.Under its expiring NCIB, the company repurchased 1.48 million of an allowed 13.51-million shares.Shares in CEMATRIX closed up $0.02, or 3.9%, to $0.53 on the Toronto Stock Exchange.

$CEMX.TO
Mining & Metals

Couche-Tard Says It Has Priced a Private Debt Offering of Euro Denominated Senior Unsecured Notes Due 2033 With An Aggregate Principal Amount of 750M Euros

$ATD.TO