Northwire Canada EditionFriday, July 10, 2026
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TLO 5.37 +5.7% BNKR 4.88 +1.7% GG 2.25 +3.2% MJS 0.100 +5.3% PAAS 62.54 +3.6% PE 0.230 +0.0% SGML 17.19 +4.8% LAR 10.34 −1.1% NED 0.025 +0.0% GEN 0.080 +0.0% TVI 0.060 +0.0% SKYG 0.025 −37.5% WRLG 0.660 +6.5% FFU 0.120 −7.7% LOD 0.310 +3.3% CBI 0.110 +0.0% TLO 5.37 +5.7% BNKR 4.88 +1.7% GG 2.25 +3.2% MJS 0.100 +5.3% PAAS 62.54 +3.6% PE 0.230 +0.0% SGML 17.19 +4.8% LAR 10.34 −1.1% NED 0.025 +0.0% GEN 0.080 +0.0% TVI 0.060 +0.0% SKYG 0.025 −37.5% WRLG 0.660 +6.5% FFU 0.120 −7.7% LOD 0.310 +3.3% CBI 0.110 +0.0%
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Mackay Gold & Silver Outlines 2026 Plans for the Comstock District, Nevada

Mackay Gold & Silver Confirms Capital Adequacy for Nevada Drilling Amidst Post-Merger Volatility

By The Northwire Desk — AI Analysis May 19, 2026 · 07:01 MACK · 2.65 Mackay Gold & Silver Corp.
Executive Summary

Executive Summary of Recent Release

  • Mackay Gold & Silver Corp. announced its 2026 exploration strategy on May 19, 2026.
  • The plan centers on a 20,000-meter drilling program targeting the Occidental lode in Nevada's Comstock District.
  • Phase-one involves 15,000 meters of Reverse Circulation (RC) drilling starting mid-June 2026 for shallow oxide gold mineralization.
  • Phase-two includes 5,000 meters of Core drilling in July/August 2026 targeting depth projections near the Sutro Dewatering Tunnel.
Material Impact

News vs. Expectations

  • The May 19 news is consistent with the April financing announcement which allocated proceeds specifically for mineral exploration expenditures and working capital.
  • Confirmation of US$62 million cash validates the liquidity required to execute the stated strategy, reducing immediate dilution risk from emergency financings.
  • No new discoveries or resource estimates were announced; this is an execution update rather than a value-accretive discovery event.
MACK · Price
Company Overview

Corporate Structure

  • Formerly Drummond Ventures Corp., now Mackay Gold & Silver Corp. following amalgamation with Toro Silver Corp.
  • Listed on TSX Venture Exchange under symbol "MACK".
  • Share consolidation implemented at 3:1 ratio prior to trading resumption.
Read the original news release →

More from Mackay Gold & Silver Corp.

Jun 29, 2026 · 08:01

Mackay Gold starts a 20,000-metre drill program at the Comstock District to test depth projections of the Occidental-Brunswick lode.

Drill Results Jun 22, 2026 · 08:01

Mackay acquires Comstock’s Nevada assets to unify the vein system, adding complexity with price tags and royalties to the drill-heavy story.

M&A / Property Jun 22, 2026 · 06:15

Comstock Sells Legacy Mining Assets to Mackay Precious Metals Inc.

M&A / Property May 22, 2026 · 08:01

Mackay Gold Lists on OTCQB, Confirms $62M Cash and 20km Drill Program at Comstock

Production / Operations Apr 23, 2026 · 08:01

Mackay Gold Resumes Trading After $60M Raise, But Dilution Looms

M&A / Property