Northwire Canada EditionMonday, August 24, 2026
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GOLD 4680.60 +2.4% SILVER 69.53 +2.1% COPPER 6.59 +1.8% OIL 87.06 +0.3% PALLADIUM 1350.20 +0.9% FFU 0.115 +4.5% MERG 0.880 +4.8% FYL 0.090 −5.3% FAN 0.570 +1.8% RCK 0.720 +2.9% SGML 16.03 +8.1% BKM 2.80 +0.0% CGNT 1.25 +2.5% TTS 2.10 −17.6% SVRS 0.500 +0.0% FMM 0.050 +0.0% GSPR 0.105 −4.5% MKO 14.50 +0.2% EVER 0.510 −1.9% HSTR 2.32 +0.0% THM 1.20 −0.8% GOLD 4680.60 +2.4% SILVER 69.53 +2.1% COPPER 6.59 +1.8% OIL 87.06 +0.3% PALLADIUM 1350.20 +0.9% FFU 0.115 +4.5% MERG 0.880 +4.8% FYL 0.090 −5.3% FAN 0.570 +1.8% RCK 0.720 +2.9% SGML 16.03 +8.1% BKM 2.80 +0.0% CGNT 1.25 +2.5% TTS 2.10 −17.6% SVRS 0.500 +0.0% FMM 0.050 +0.0% GSPR 0.105 −4.5% MKO 14.50 +0.2% EVER 0.510 −1.9% HSTR 2.32 +0.0% THM 1.20 −0.8%
Drill Results Routine +

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.

Aug 24, 2026 · 06:15

Mackay closes a $45 million deal to secure Nevada’s largest land package at the Comstock project.

M&A / Property Aug 20, 2026 · 08:01

Mackay mobilizes a second rig to the historic Comstock target, advancing its fully-funded Phase 1 exploration program.

Drill Results 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