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%
Production / Operations

OROCO INCREASES ACTIVITY AT SANTO TOMAS

Oroco Drilling Accelerates Amidst Leadership Transition; PFS Progress Key to Valuation

By The Northwire Desk — AI Analysis Apr 22, 2026 · 07:00 OCO · 0.415 Oroco Resource Corp.
Executive Summary
  • Oroco Resource Corp. has mobilized a second diamond drill rig at the Santo Tomas copper project in Mexico as of April 22, 2026.
  • Six holes have been completed with two additional holes currently in progress under Phase 2 drilling program.
  • Core from drill holes STPH2-22 and STPH2-23 has been submitted for assay; results are pending.
  • The Phase 2 program utilizes infill and confirmation drilling to upgrade mineral resource classification.
  • Work includes parallel hydrogeological, geotechnical, and metallurgical programs supporting a Pre-Feasibility Study (PFS).
  • Operations continue under existing senior management following the CEO resignation announced March 30, 2026.
Material Impact
  • The mobilization of a second rig is an operational milestone that confirms execution pace but does not constitute new fundamental data.
  • This news follows the February 24 announcement commencing Phase 2 drilling; therefore, it is largely expected by the market.
  • The CEO resignation (March 30) remains a governance overhang, though management assurances of continuity mitigate immediate operational risk.
  • No resource estimate update or PFS completion is included in this release; valuation drivers remain unchanged pending assay results.
  • The financing closed January 14, 2026 ($23M CAD), provides sufficient runway for the current drilling cadence without immediate capital raising pressure.
OCO · Price
Company Overview
  • Flagship Project: Santo Tomas Porphyry Copper Project located in Sinaloa, Mexico (Choix district).
  • Project Status: Development stage; Pre-Feasibility Study underway following 2024 PEA completion.
  • Resource Estimate (August 2024): Indicated Resource 540.6 Mt at 0.37% CuEq; Inferred Resource 530.3 Mt at 0.35% CuEq.
  • PEA Economics: After-tax NPV8% of US$1.48 billion and after-tax IRR of 22.2%; 22.6-year life of mine.
  • Ownership: Oroco holds an 87.0% net interest in Core Concessions (1,173 ha) and 80% interest in surrounding concessions.
  • Infrastructure: Proximity to Port of Topolobampo (deep-water), highway, rail access, grid power, and gas pipeline.
Read the original news release →

More from Oroco Resource Corp.

Oct 08, 2026 · 07:01

Oroco Drills 234.6 metres of 0.52% CuEq at Santo Tomas

Drill Results Sep 10, 2026 · 07:01

Oroco Continues South Zone Success

Drill Results Aug 06, 2026 · 07:41

Oroco infill drilling confirms high-grade core at the South Zone, though shallow intervals and lack of true-width disclosure limit the results.

Drill Results Jul 30, 2026 · 07:00

Oroco’s preliminary Vainilla sampling adds regional upside while Santo Tomas remains the valuation anchor.

Drill Results Jun 18, 2026 · 07:00

Oroco Increases South Zone Certainty at Santo Tomas

Resource Estimate May 21, 2026 · 07:00

Oroco Resource Corp.

Drill Results