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%
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.

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.

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

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Comstock Sells Legacy Mining Assets to Mackay Precious Metals Inc.

M&A / Property May 19, 2026 · 07:01

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

Drill Results Apr 23, 2026 · 08:01

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

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