Northwire Canada EditionTuesday, November 3, 2026
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Gold 3,969.60 +1.8% Silver 50.89 +3.3% Copper 6.54 +0.9% Oil 96.46 −7.4% Palladium 962.50 −2.5% QRO 0.030 +0.0% PGC 0.030 +0.0% SASK 0.840 −2.3% GIGA 0.050 +0.0% WDO 26.12 +2.2% ERO 40.76 +0.2% BIRD 0.160 −13.5% ODV 3.20 −1.8% FVI 12.72 +3.1% SRI 0.015 + BTR 0.125 +4.2% NVO 0.065 +8.3% BTT 0.110 +4.8% MUX 19.55 +0.8% SCD 0.150 +0.0% PPX 0.220 +0.0% Gold 3,969.60 +1.8% Silver 50.89 +3.3% Copper 6.54 +0.9% Oil 96.46 −7.4% Palladium 962.50 −2.5% QRO 0.030 +0.0% PGC 0.030 +0.0% SASK 0.840 −2.3% GIGA 0.050 +0.0% WDO 26.12 +2.2% ERO 40.76 +0.2% BIRD 0.160 −13.5% ODV 3.20 −1.8% FVI 12.72 +3.1% SRI 0.015 + BTR 0.125 +4.2% NVO 0.065 +8.3% BTT 0.110 +4.8% MUX 19.55 +0.8% SCD 0.150 +0.0% PPX 0.220 +0.0%
Drill Results Routine +

Quimbaya Gold Starts Drilling at Tahami Center Porphyry System

Quimbaya Gold Commences Drilling at Tahami Center Porphyry System Amidst Broader Sector Consolidation

By The Northwire Desk — AI Analysis Jun 01, 2026 · 07:31 QIM · 0.313 Quimbaya Gold Inc.
Executive Summary
  • Quimbaya Gold Inc. has officially commenced a minimum 5,000-meter diamond drill program at the Tahami Center Cu-Mo-Au porphyry system in the Segovia District, Colombia.
  • The initial phase targets three priority zones (Robusta, Bourbon, and Arabic) designed to test the convergence of magnetic, radiometric, and geochemical anomalies at depths of 200 to 400 meters.
  • The company highlights a confirmed 2.4 × 1.3 km porphyry corridor that was systematically de-risked by four independent exploration methods prior to the first drill collar.
  • Drilling commenced in late May 2026, fulfilling a Q2 2026 commitment previously announced on May 6, 2026. Pre-drill validation spanned 8 months, including independent geological validation, anomaly definition, and a completed pre-drill program.
  • The program is positioned as a long-term, disciplined exploration strategy within a historically prolific high-grade gold mining camp.
Material Impact
  • The commencement of drilling is a routine execution of a previously announced and heavily publicized exploration plan. The porphyry target was identified in October 2025, independently confirmed in January 2026, and pre-drill validation was completed in May 2026.
  • The market has already priced in the discovery of the porphyry system, as evidenced by the stock's steady decline from a 52-week high of $0.98 in October 2025 to $0.31 in late May 2026.
  • There is no new, unexpected, or market-moving information in this release. It confirms management's execution capability but does not alter the fundamental risk profile or valuation thesis.
  • The news is positive for operational progress but lacks the catalyst required to reverse the current downward price trend.
QIM · Price
Company Overview
  • Quimbaya Gold Inc. is an exploration-stage company focused on the Tahami Project in the Segovia District of Antioquia, Colombia.
  • The project consists of two primary targets: Tahami South (high-grade Au-Ag vein systems) and Tahami Center (a large-scale Cu-Mo-Au porphyry system).
  • The company has expanded its land position to approximately 73,000 hectares, adjacent to active producers like Aris Mining and Soma Gold Corp.
  • The Segovia District is a historically prolific gold mining camp with over a century of continuous production and established infrastructure.
Read the original news release →

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