Northwire Canada EditionTuesday, November 10, 2026
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Gold 4,024.30 −2.2% Silver 51.15 −2.9% Copper 6.23 −1.8% Oil 86.31 −0.6% Palladium 1,022.50 +0.1% MCI 0.140 +0.0% SMP 0.050 +0.0% FUSE 0.020 −20.0% COPR 0.375 +0.0% WSK 0.170 +0.0% GAL 0.375 −1.3% VCG 1.05 +2.9% LVX 0.255 −25.0% RAMP 0.255 −5.6% QTWO 1.71 +6.2% SUM 1.29 −2.3% SGML 7.48 −10.4% BOGO 0.730 −7.6% SGC 0.095 +0.0% MANU 0.172 +15.0% GMA 0.200 +0.0% Gold 4,024.30 −2.2% Silver 51.15 −2.9% Copper 6.23 −1.8% Oil 86.31 −0.6% Palladium 1,022.50 +0.1% MCI 0.140 +0.0% SMP 0.050 +0.0% FUSE 0.020 −20.0% COPR 0.375 +0.0% WSK 0.170 +0.0% GAL 0.375 −1.3% VCG 1.05 +2.9% LVX 0.255 −25.0% RAMP 0.255 −5.6% QTWO 1.71 +6.2% SUM 1.29 −2.3% SGML 7.48 −10.4% BOGO 0.730 −7.6% SGC 0.095 +0.0% MANU 0.172 +15.0% GMA 0.200 +0.0%
Production / Operations

Spanish Mountain Gold Receives Positive Particle Ore Sorting Results for the Phoenix Deposit Highlighting Production Upside

Spanish Mountain Validates Ore-Sorting Upside as it De-Risks Path to 2027 Construction Decision

By The Northwire Desk — AI Analysis Mar 02, 2026 · 07:30 SPA · 0.25 Spanish Mountain Gold Ltd.
Executive Summary

The most recent news (March 2, 2026) announces Phase 1 results for sensor-based particle ore sorting at the Phoenix deposit. Key findings include the ability to reject 50% to 70% of waste material while maintaining 85% to 92% gold recovery. This process effectively upgrades the feed grade by two times or more. The company has immediately moved into Phase 2 testing with 100kg bulk samples to optimize algorithms for mill feed.

Material Impact

The impact is Routine - Positive. While the results are technically impressive (doubling the grade), they are incremental to the strategy outlined in the July 2025 PEA and the October 2025 announcement of the ore-sorting program. - Operational Efficiency: Rejecting 50-70% of mass before it hits the mill significantly reduces power and reagent consumption per ounce produced. - Resource Optimization: This technology is critical for Spanish Mountain because its global M&I grade is relatively low (0.44 g/t). Doubling the head grade through sorting could transform the economics of the "first decade" of production. - Expectation Alignment: The market was already aware of this initiative; these results provide the necessary validation but do not yet change the fundamental PEA economics until integrated into a Feasibility Study.

SPA · Price
Company Overview

Spanish Mountain Gold is developing its 100%-owned Spanish Mountain Gold Project in the Cariboo Gold Corridor, BC. - Flagship Project: A bulk-tonnage, open-pit resource with 4.2M oz Au (M&I). - PEA Highlights (July 2025): After-tax NPV5% of C$1.0B at $2,450 gold, jumping to C$2.3B at $3,300 gold. - Production Profile: 24.5-year mine life, averaging 203k oz/year for the first five years.

Read the original news release →

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Spanish Mountain advances feasibility through a grid power pact despite ongoing friction with First Nations communities.

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Drill Results Oct 02, 2026 · 07:30

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Other Oct 01, 2026 · 10:46

Spanish Mountain’s environmental assessment path is at risk after the Xatll First Nation terminated all protocols with the company.

M&A / Property