Mining Stock Daily

Morning Briefing: Sierra Madre Begins Underground Development at Nazareno

Sep 30, 2025
Sierra Madre kicks off underground development at the Nazareno mine, revealing exciting potential. NGEX plans a C$100M private placement for Lunawasi exploration. Cornish Metals is buzzing with a PEA showcasing impressive figures for South Crofty. EbraSilver announces promising high-grade drill results at Diablitos, while Goldheart Copper gears up for deep drilling at Tolita. Cartier Resources starts metallurgical testing to optimize gold recovery for Cadillac. A thrilling mix of exploration updates in the mining sector!
Ask episode
AI Snips
Chapters
Transcript
Episode notes
INSIGHT

Nazareno Moves To Underground Development

  • Sierra Madre has started underground development at Nazareno and has delivered over 700 tonnes of mineralized material to the La Guitarra plant.
  • Nazareno holds more than 8.5 million silver-equivalent ounces in the 2023 resource estimate, offering near-term development upside.
INSIGHT

NGEX Secures Large Financing For Lunawasi

  • NGEX announced a C$100 million non‑brokered private placement of 4 million common shares to fund Lunawasi exploration and potential infrastructure.
  • The Lundin Family Trusts intend to subscribe for the whole placement, signaling strong insider support.
INSIGHT

South Crofty PEA Shows Strong Economics

  • Cornish Metals' PEA for South Crofty shows an after‑tax NPV of £180 million and a 20% IRR with payback in 3.3 years.
  • The project targets very low all‑in sustaining tin costs, positioning it in the lowest industry cost quartile.
Get the Snipd Podcast app to discover more snips from this episode
Get the app