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%
Financings

San Lorenzo Gold Announces Additional Proposed Private Placement

San Lorenzo leverages high-grade porphyry discovery to secure $20M in aggressive expansion capital

By The Northwire Desk — AI Analysis Feb 23, 2026 · 09:00 SLG · 3.1 San Lorenzo Gold Corp.
Executive Summary

The most recent news (Feb 23, 2026) announces an additional private placement of $5M at $2.64 per unit. This follows a larger $15M private placement announced just days prior (Feb 19, 2026) at $2.51 per unit. Both financings include a full or half warrant exercisable at $3.50. These capital raises are a direct response to the Jan 26, 2026, drilling results from the Salvadora property (Hole SAL-04-25), which intersected five sections of mineralization totaling 222.4 meters, including a 132.2-meter intercept grading 1.09 g/t Au.

Material Impact

The impact is Material - Positive. - Capital Infusion: The company is raising a combined $20M, which is a staggering increase compared to its previous reliance on $1M credit facilities from directors. This provides the "war chest" needed for large-scale diamond drilling. - Validation: The financing is priced at $2.51–$2.64, which is a massive premium to the $0.62 levels seen in late 2025. This indicates strong institutional or high-net-worth appetite following the discovery hole. - Operational Shift: The company has transitioned from "reconnaissance" to "resource definition" mode. The 222.4m of mineralization in a single hole suggests a large-scale porphyry system is being delineated. - Dilution vs. Value: While the share count will increase significantly, the pricing of the units minimizes the "death spiral" dilution typical of junior miners at lower price points.

SLG · Price
Company Overview

San Lorenzo Gold Corp. is focused on the Salvadora Project in Chile, located 15km from the world-class El Salvador mine. - Flagship: Salvadora (9,069 hectares). - Key Targets: - Cerro Blanco: Porphyry Cu-Au target (Discovery hole SAL-01-24: 153.5m of 1.04 g/t Au). - Arco de Oro: High-grade epithermal vein system (Intercepts up to 58 g/t Au). - Tres Amigos: Copper-rich system (Historical intercepts of 6m at 5.7% Cu).

Read the original news release →

More from San Lorenzo Gold Corp.

Nov 10, 2026 · 13:46

San Lorenzo closed a C$80m private placement at C$5.30 per share, resulting in a 12% dilution with no warrants or new geology.

Financings Oct 29, 2026 · 12:24

San Lorenzo broadens its investor base for an $80 million financing round for its Chile gold project.

Financings Oct 16, 2026 · 06:44

San Lorenzo raised $40 million at $5.30 per share warrant-free to fund its Salvadora project.

Financings Sep 17, 2026 · 07:01

San Lorenzo identified a new 2km gold corridor expanding the San Juan target footprint at its Salvadora project.

Drill Results Aug 04, 2026 · 09:01

San Lorenzo appointed Brandon Gaspar as CEO while expanding the Arco de Oro target with a 1.2 km IP chargeability anomaly.

Drill Results Jun 29, 2026 · 08:10

San Lorenzo’s shallow high grade epithermal hits extend the Arco de Oro strike while porphyry bulk targets remain the primary exploration focus.

Drill Results