Northwire Canada EditionWednesday, November 11, 2026
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Gold 4,030.20 −2.0% Silver 51.23 −2.8% Copper 6.27 −1.2% Oil 86.04 −0.9% Palladium 1,024.00 +0.2% NVX 0.910 +0.0% MSR 0.435 +0.0% ELE 22.85 −4.0% ALS 53.01 −2.2% APM 5.13 −6.6% AVL 5.46 −5.4% NG 8.84 −9.0% ATY 0.220 −2.2% CN 0.125 −10.7% PMET 3.22 −4.2% ITH 1.99 −11.6% VMET 12.33 −6.9% ABX 56.41 −5.6% PUR 0.370 +8.8% SCY 0.085 +6.2% AUMN 0.300 +7.1% Gold 4,030.20 −2.0% Silver 51.23 −2.8% Copper 6.27 −1.2% Oil 86.04 −0.9% Palladium 1,024.00 +0.2% NVX 0.910 +0.0% MSR 0.435 +0.0% ELE 22.85 −4.0% ALS 53.01 −2.2% APM 5.13 −6.6% AVL 5.46 −5.4% NG 8.84 −9.0% ATY 0.220 −2.2% CN 0.125 −10.7% PMET 3.22 −4.2% ITH 1.99 −11.6% VMET 12.33 −6.9% ABX 56.41 −5.6% PUR 0.370 +8.8% SCY 0.085 +6.2% AUMN 0.300 +7.1%
Drill Results

Latin Metals' Option Partner Commences Drilling at Cerro Bayo Gold-Silver Project, Argentina

Latin Metals achieves major 2026 milestones with partner-funded drilling launch and copper asset spin-out

By The Northwire Desk — AI Analysis Feb 17, 2026 · 09:00 LMS · 0.28 Latin Metals Inc.
Executive Summary

The news release dated February 17, 2026, details a three-pronged development: - Drilling Commencement: Option partner Daura Gold Corp. has begun a Phase One diamond drilling program at the Cerro Bayo gold-silver project in Santa Cruz, Argentina. This involves 1,500 meters across 22 holes targeting 15 priority areas, fully funded by Daura. - Corporate Restructuring: The company confirmed February 18, 2026, as the closing date for the spin-out of the Para and Auquis copper projects into a new vehicle, Latin Explore Inc. Shareholders will receive approximately 0.079 shares of the new entity per LMS share held. - Liquidity Inflow: Latin Metals received $749,999.85 CAD through the exercise of 4,999,999 warrants at $0.15.

Material Impact

The impact is Material - Positive. - Execution of Model: The commencement of drilling at Cerro Bayo is a concrete deliverable of the company’s "prospect generator" model. It allows for discovery potential at no cost to Latin Metals’ treasury. - Portfolio Optimization: The spin-out of Peruvian copper assets (Para and Auquis) effectively separates the "self-funded" drill-focused projects from the "partner-funded" model, allowing the market to value the copper assets independently. - Financial De-risking: The warrant exercise provides a significant non-dilutive (relative to a new private placement) cash injection of $750k. This extends the company's runway without the need for a discounted equity raise in the immediate term, especially after a period of high burn for administrative and permitting costs. - Contextual Mitigation: This news offsets the negative momentum caused by AngloGold Ashanti’s termination of the Organullo option in late 2025.

LMS · Price
Company Overview

Latin Metals is a prospect generator focusing on gold, copper, and silver in Argentina and Peru. - Flagship Project: Currently, Cerro Bayo (Argentina) is the primary focus due to active drilling. It is a low-sulphidation epithermal system located 70km from Newmont’s Cerro Negro mine. - Secondary Flagships: The Zaha (Esperanza/Huachi) copper-gold project in San Juan, Argentina, and the Organullo gold project (currently seeking a partner).

Read the original news release →

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Oct 08, 2026 · 09:59

Latin begins partner-funded phase ii drilling at cerro bayo and la flora to validate its prospect generator model.

Drill Results Sep 28, 2026 · 08:23

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M&A / Property Jun 29, 2026 · 07:51

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Drill Results