Northwire Canada EditionSunday, November 8, 2026
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Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7% Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7%
Production / Operations

American Pacific Mining Nears Completion of Underground LiDAR Survey to Advance Madison Project Development

Madison Project LiDAR Survey Completion Signals Operational Progress Amidst Significant Stock Price Decline

By The Northwire Desk — AI Analysis Apr 28, 2026 · 07:01 USGD · 0.14 American Pacific Mining Corp. - OLD
Executive Summary
  • American Pacific Mining Corp. has initiated a detailed underground survey program at its Madison Copper-Gold Project in Montana to improve geological modeling and drill planning.
  • The program involves high-resolution LiDAR scanning and control surveys of the historical Madison Mine underground ramp using the Emesent HVM100 system.
  • Fieldwork is expected to be completed in April 2026, with final deliverables anticipated approximately three weeks after completion.
  • Strategic objectives include integrating historical data with modern datasets, refining targeting for deeper skarn and porphyry mineralization, and de-risking future drill collar positioning.
  • Managing Director of Exploration Eric Saderholm stated this is the first dependable underground dataset ever amassed at Madison, uniting various historical survey methods into one accurate package.
Material Impact
  • The news represents a routine operational update consistent with previous announcements regarding the Phase II drilling program and geophysical surveys (March 2026 MT Survey).
  • While positive for long-term project development, it does not constitute new financial information or a material change to the company's asset base.
  • The market reaction has been negative despite this progress; the stock price fell from $0.28 in January 2026 to $0.14 by late April 2026, indicating investor skepticism regarding execution or broader sector weakness.
  • This is a Routine - Positive rating because it confirms planned activities are proceeding but fails to address the significant capitalization erosion seen over the last quarter.
USGD · Price
Company Overview
  • Company: American Pacific Mining Corp. is focused on advancing its Madison Copper-Gold Project in Montana following a portfolio restructuring.
  • Flagship Project: Madison Copper-Gold Project (Montana) is a historic producer (2.7M lbs Cu at 20-35% grade until 2012).
  • Current Status: Exploration phase targeting deeper skarn and porphyry mineralization; Phase II drilling program underway with LiDAR survey completion supporting drill planning.
  • Other Assets: Tuscarora District sold to ICG Silver & Gold (March 2026); Palmer VMS Project sold to Vizsla Copper (December 2025).
Read the original news release →

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