Northwire Canada EditionSunday, November 8, 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%
Drill Results

Panoro Announces Mobilization and Start of 2026 Drill Program at Cotabambas Project

Panoro Mobilizes Cotabambas Drilling as Shares Consolidate Near All-Time Highs

By The Northwire Desk — AI Analysis Apr 14, 2026 · 07:01 PML · 0.94 Panoro Minerals Ltd.
Executive Summary
  • Panoro Minerals announced the mobilization and start of its fully funded 15,000-metre diamond drilling program at the Cotabambas Project in Peru on April 14, 2026.
  • The program targets three key areas: South Pit (step-out), North Pit (infill), and Targets 7 & 13 (exploration).
  • Objectives include expanding high-grade mineralization and upgrading resource categories from Inferred/Indicated to Measured.
  • Previous high-grade intercepts were highlighted, including CB-204 with 95m @ 0.44% Cu, 0.45 g/t Au, 3.13 g/t Ag (1.1% CuEq).
  • Total mineral resource stands at 1.0 billion tonnes containing 12.5 billion pounds Copper Equivalent.
Material Impact
  • The news confirms execution of the drilling program previously announced on March 16, 2026 ("Defines High-Grade Strategy").
  • Since the strategy and funding ($17.3M raised) were disclosed in early 2026, this mobilization is an expected operational milestone rather than new information.
  • The stock price has already rallied significantly from $0.29 (Nov 2025) to $0.94 (April 2026), pricing in much of the anticipated drilling success and funding clarity.
  • No material change to valuation or thesis; execution risk remains on drill results which will be released later in 2026.
  • Dilution from previous financings (private placements, LIFE offerings) continues to weigh on fully diluted share count, though current cash position is adequate for the program.
PML · Price
Company Overview
  • Flagship Project: Cotabambas Copper-Gold-Silver Project in Southern Peru.
  • Status: Development / Pre-production; fully permitted with environmental licences valid to 2030.
  • Strategy: High-Grade Strategy focusing on a 222 Mt high-grade core (1.2% CuEq).
  • Infrastructure: Access to roads, rail, power, and ports in the Southern Peru Copper Cluster.
  • Mine Type: Open-pit with targeted initial mine plan of 20–30 ktpd.
Read the original news release →

More from Panoro Minerals Ltd.

Oct 27, 2026 · 16:07

Panoro reports surface skarn grading 14.9% copper at Target #7, with no drilling completed to date.

Drill Results Oct 05, 2026 · 16:01

Panoro secures community access for North Pit drilling ahead of a 2027 PEA and PFS timeline for the project.

Production / Operations Sep 06, 2026 · 17:01

Panoro’s step-outs widen the bulk porphyry zone but dilute high-grade tenor compared to the CB-228 anchor intercept.

Drill Results Aug 05, 2026 · 09:05

Panoro secures a $2 million net smelter return payment to bolster liquidity for drilling at its Cotabambas project.

Financings Jul 27, 2026 · 07:01

Panoro is ramping Cotabambas drilling to five rigs to test deep skarn and porphyry growth potential.

Drill Results Jun 22, 2026 · 16:01

Panoro secured $5.2m for Antilla to fund 45,000m of drilling at Cotabambas as a TABB NSR option approaches.

Financings