Northwire Canada EditionMonday, November 9, 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%
Technical Study

[Video Enhanced] Selkirk Copper has Four Drill Rigs Turning to Advance the Minto Mine Restart Plan

Selkirk Copper Rigs Up for Mid-Year PEA as CEO Doubles Down on Minto Restart

By The Northwire Desk — AI Analysis Mar 30, 2026 · 09:15 SCMI · 1.17 Selkirk Copper Mines Inc.
Executive Summary
  • Selkirk Copper announced on March 30, 2026, that four diamond drill rigs are active on the Minto Mine property, nearing completion of the 50,000-metre Phase 1 drill program.
  • Assay results confirm high-grade copper-gold-silver mineralization across four zones: Minto North (underground), Minto East (underground), Ridgetop (open-pit), and Area 118 (open-pit).
  • The company is integrating new assay data into updated NI 43-101 resource models and an integrated mine plan targeting a 12-15 year operational life.
  • A Preliminary Economic Assessment (PEA) is scheduled for release in mid-2026.
  • President & CEO Colin Joudrie disclosed a personal $1.5 million cash investment and the purchase of 1.7 million shares at $0.95-$0.98 per share in March 2026.
  • Management highlighted that a 2025 bankruptcy extinguished a historic gold-silver stream, freeing approximately 35% of ore value to the company, with current metal prices (Au $4,400/oz, Ag $70/oz) significantly boosting projected by-product revenue.
  • Low-cost operational upgrades (mill motors, power circuits, crushing circuit) are underway to target 4,100 t/d throughput.
  • Permit amendments are progressing with the Yukon government and the Selkirk First Nation, which holds a 22% equity stake.
Material Impact
  • The March 30 update is largely incremental and aligns with previously communicated timelines. The 50,000-metre drill program was already 97% complete as of March 25, and the mid-2026 PEA target has been reiterated since late 2025.
  • The CEO's $1.5 million investment and open-market purchases at $0.95-$0.98 provide a strong alignment signal, but insider buying at this stage is expected given his leadership role and the company's pre-production status.
  • The stream extinction benefit and operational upgrades are positive but were previously disclosed or represent standard pre-restart optimization. No new resource estimates, capex figures, or definitive metallurgical recovery rates were provided.
  • The market has already priced in significant restart optimism, with the stock advancing from $0.18 in October 2025 to $1.21. This release lacks a surprise catalyst to drive immediate multiple expansion.
  • Risk remains elevated due to the absence of a finalized PEA, unquantified restart capex, and ongoing cash burn. The news supports the existing thesis but does not materially alter the risk-reward profile.
SCMI · Price
Company Overview
  • Selkirk Copper Mines Inc. is a junior mining company focused exclusively on the restart and expansion of the Minto copper-gold-silver mine in the Yukon, Canada.
  • The flagship project encompasses 26,850 hectares of mineral claims within the Minto-Carmacks copper belt, including a former producing mine placed on care and maintenance in May 2023.
  • Existing infrastructure includes a 4,100 t/d processing plant, a 400-person camp, water treatment facilities, and extensive surface/underground development.
  • The company is pursuing a blended open-pit and underground mining strategy, targeting a 12-15 year mine life post-restart, with a formal restart decision targeted for early 2027.
Read the original news release →

More from Selkirk Copper Mines Inc.

Nov 05, 2026 · 17:10

Selkirk confirms prior PEA economics and restart plan remain unchanged following the filing of its technical report.

Technical Study Oct 21, 2026 · 08:32

Selkirk released a paid recap of previously published assay results, providing no new geological data or updated resource estimates for its projects.

Technical Study Oct 15, 2026 · 07:01

Selkirk’s infill drilling at the Selkirk deposit returned a best grade-width hole of 12.4 g/t over 1.5 metres within the known resource.

Drill Results Sep 29, 2026 · 07:01

Selkirk’s infill drilling at the Selkirk deposit revealed a high-grade 99th-percentile hole, confirming robust mineralisation without changing total tonnes.

Drill Results Sep 22, 2026 · 07:01

Selkirk’s preliminary economic assessment delivers a C$494 million net present value at planning prices for its project.

Resource Estimate Sep 14, 2026 · 23:36

Selkirk’s NI 43-101 filing confirms the July MRE with no material changes to the Minto resource.

Resource Estimate