Northwire Canada EditionSaturday, November 7, 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 Routine +

Mackay Gold & Silver Announces Listing on the OTCQB Under the Symbol "MKGSF"

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

By The Northwire Desk — AI Analysis May 22, 2026 · 08:01 MACK · 2.58 Mackay Gold & Silver Corp.
Executive Summary
  • Mackay Gold & Silver Corp. has commenced trading on the OTCQB Venture Market under the symbol "MKGSF" effective May 22, 2026.
  • The company announced an inaugural 20,000-metre drill program at the Occidental Lode in the Comstock District starting mid-June 2026.
  • Cash position is confirmed at approximately US$62 million following a recent US$60.3 million private placement completed April 1, 2026.
  • The company engaged Integral Wealth Securities Limited as a market maker for C$7,500 per month to assist with liquidity on the TSX Venture Exchange.
  • A share consolidation of three pre-consolidation shares for one post-consolidation share was implemented prior to trading resumption on April 24, 2026.
Material Impact
  • The OTCQB listing is a strategic move to increase visibility among U.S. investors but does not introduce new capital or assets; it follows the TSX.V debut announced in late April.
  • The drill program details (20,000 meters) were previously outlined in the May 19 news release and are now confirmed for execution starting mid-June.
  • The cash position of US$62 million aligns with the financing raised in April ($60.3M gross proceeds), indicating no immediate capital raise is required for the current exploration phase.
  • The market reaction to the merger (April 24) showed a sharp decline from $4.24 to ~$2.58, suggesting initial valuation was corrected downward before this news.
  • This news confirms execution of previously announced plans rather than introducing unexpected value drivers; therefore, it is incremental and expected by the market.
MACK · Price
Company Overview
  • Mackay Gold & Silver Corp. (formerly Drummond Ventures Corp.) completed a business combination with Toro Silver Corp. on April 17, 2026.
  • Flagship Project: Occidental Lode within the Comstock District, Nevada.
  • The Comstock District is historically significant for gold and silver production but has not been fully tested with modern exploration methods according to management.
  • Exploration strategy includes RC drilling (Phase 1) targeting shallow oxide mineralization and Core drilling (Phase 2) testing depth projections near the historic Sutro Dewatering Tunnel.
Read the original news release →

More from Mackay Gold & Silver Corp.

Oct 27, 2026 · 08:02

Mackay acquires the historic Big Bonanza assets, fully consolidating its Comstock Lode project.

M&A / Property Oct 19, 2026 · 08:01

Mackay reports higher grades in batch two, though the C$272 million capital already prices in the discovery.

Drill Results Sep 15, 2026 · 08:01

Mackay’s first assays extend Occidental South to 550m with thick but low-grade oxide gold mineralisation.

Drill Results Sep 10, 2026 · 08:01

Mackay consolidates the final missing piece of the Comstock Lode to achieve district-wide control.

M&A / Property 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