Northwire Canada EditionThursday, November 12, 2026
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Gold 4,000.50 −0.7% Silver 52.00 +1.5% Copper 6.27 +0.5% Oil 86.53 +0.6% Palladium 1,030.00 +0.9% TIG 0.800 +0.0% RVG 0.715 −4.0% FNV 354.26 −2.4% FDY 4.30 −0.5% MAU 16.05 −3.2% VOXR 6.78 −0.6% TLO 7.04 −1.0% NICU 1.95 −5.8% VTEN 0.440 +0.0% AWM 0.025 +0.0% OR 50.79 −1.8% AUXX 5.30 −5.5% TNR 0.420 +40.0% ORCL 0.030 +0.0% ELD 47.71 −5.4% OPW 0.140 −6.7% Gold 4,000.50 −0.7% Silver 52.00 +1.5% Copper 6.27 +0.5% Oil 86.53 +0.6% Palladium 1,030.00 +0.9% TIG 0.800 +0.0% RVG 0.715 −4.0% FNV 354.26 −2.4% FDY 4.30 −0.5% MAU 16.05 −3.2% VOXR 6.78 −0.6% TLO 7.04 −1.0% NICU 1.95 −5.8% VTEN 0.440 +0.0% AWM 0.025 +0.0% OR 50.79 −1.8% AUXX 5.30 −5.5% TNR 0.420 +40.0% ORCL 0.030 +0.0% ELD 47.71 −5.4% OPW 0.140 −6.7%
Drill Results

Cordoba Minerals Announces Revisions to the Exploration Program at the Perseverance Copper Project in Arizona

Cordoba's Arizona drilling delayed to 2027 after failed re-entry attempts

By The Northwire Desk — AI Analysis Nov 12, 2026 · 07:01 CDB · 0.275 Cordoba Minerals Corp.
Executive Summary
  • Cordoba Minerals announced revisions to its 2026 exploration program at the Perseverance Copper Project in Arizona.
  • Field checks revealed that the collars of three previously drilled holes were not viable for re-entry.
  • The company will now target drilling on Arizona State land to test a chargeability anomaly interpreted as potential blind supergene chalcocite mineralization.
  • This shift requires a longer permitting lead time, pushing the targeted drill testing timeline to the second half of 2027.
  • A revised exploration program and budget will be established once drill locations on State land are confirmed.
  • Cordoba reports a cash balance of approximately C$20.4M as of September 30, 2026.
  • Bell Copper remains responsible for 49% of the exploration costs.
Material Impact
  • The delay in drilling is an operational setback that extends the timeline for potential discovery but does not fundamentally alter the geological prospectivity or the company's financial position.
  • The strong cash position of C$20.4M provides ample runway to cover corporate and exploration costs well beyond the delayed drilling timeline.
  • The shift to Arizona State land is a standard regulatory hurdle that adds time but does not negate the project's potential.
  • The news is Routine - Negative because it represents an expected operational delay rather than a fundamental change in project economics or company viability.
CDB · Price
Company Overview
  • Cordoba Minerals is a pre-revenue junior explorer focused on copper, gold, and silver.
  • The flagship project is the Perseverance Copper Project in Arizona, a 51/49 joint venture with Bell Copper Corporation.
  • The company previously held the Alacran Project in Colombia, which was sold in March 2026 for US$128 million, triggering a substantial cash distribution to shareholders.
  • Management is now focused on advancing Perseverance and evaluating new business development opportunities with Ivanhoe Electric.
Read the original news release →

More from Cordoba Minerals Corp.

Jun 08, 2026 · 07:01

Cordoba Minerals Announces 2026 Exploration Program at the Perseverance Copper Project in Arizona

Drill Results Mar 06, 2026 · 17:17

Cordoba closes sale of remaining 50% of Alacran

M&A / Property Mar 06, 2026 · 07:32

Cordoba completes Alacran exit for US$128M cash, pivoting to Arizona exploration and shareholder distributions.

M&A / Property Mar 02, 2026 · 19:06

Cordoba Minerals obtains JCHX approval for amended deal

M&A / Property Mar 02, 2026 · 07:31

Cordoba Secures Final JCHX Approval for Alacran Exit, Boosting Cash Inflow to $128M

M&A / Property Feb 10, 2026 · 17:53

Cordoba increases closing payment for Alacran sale

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